Over the past few year, factors such as Rising Need for Effective Pain Management Remedies
have contributed to the development of the Global Legal Cannabis market.
Undoubtedly, Increasing Use of Cannabis for Medical Use
is the most promising market promoter, bringing direct and indirect economic benefits to the market sizing. The Global Legal Cannabis market is expected to make a significant contribution
AMA research has engaged in the competitive assessment of China & Global Legal Cannabis Players for 5 years. The Top 10 Competitive Players in the Legal Cannabis in 2023 clearly displays the competitive situations of main Legal Cannabis Playersin 2023. The research shows that companies in top 10 list are divided up by dominating countries, namely, Canadian and United States occupying half of the list showcasing strong market competitive advantage.
The End-Users, such as Healthcare Industry, is boosting the Legal Cannabis market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
With the multiple advantages of technology, cost and service, many major Players such as Canopy Growth Corporation (United States), Aphria, Inc. (United States), Aurora Cannabis (Canada), Wayland Group (Canada), Tilray (Canada), The Cronos Group (Canada), Organigram Holding, Inc. (Canada), GW Pharmaceuticals, plc. (United Kingdom), Lexaria Corp. (Canada) and Medicine Man Technology (United States) developed rapidly. They kept leading domestic market and on the other way actively developing international market and seizing market share, becoming the backbone of Global Legal Cannabis industry.This framework should serve as a basic structure to support the strategic decision-making process for industry players. For instance, the question of whether a Players wants to expand into other areas of the market value chain fundamentally determines its strategy.
Canada had recently passed a nationwide legalization of recreational cannabis use, following Uruguay to become the second country to do so. According to CBC, Canada is one of only two countries, besides the Netherlands, that exports cannabis products, which allows companies in Canada to gain instant revenue from recent medical cannabis
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Legal Cannabis market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.
Data Triangulation The overall Legal Cannabis market size is calculated using market estimation process, the Legal Cannabis market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Legal Cannabis market size has been validated using both top-down and bottom-up approaches.