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Legal Cannabis Market size is set to grow by USD 54.57 billion from 2022-2027 | The decriminalization and legalization of cannabis in more countries to drive the market growth - Technavio

NEW YORK, Nov. 29, 2023 /PRNewswire/ -- The legal cannabis market size is estimated to grow by USD 54.57 billion from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of over 21.6% during the forecast period. The global expansion of the legal cannabis industry, driven by decriminalization and legalization in more countries, fuels market growth and broadens consumer bases. These regulatory changes not only fuel market growth but also shift societal perceptions, reducing stigma and evolving acceptance. Increasing demand for both recreational and medicinal cannabis products follows. Well-defined legal frameworks governing cultivation, production, distribution, and sales attract investments, encourage entrepreneurship, and stimulate market expansion. Adherence to established regulations enables companies to flourish and boost the growth of the global legal cannabis market. For more insights on the historic (2017 to 2021) and forecast market size (2023 to 2027) - buy the report

Global Legal Cannabis Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on Product (Medical cannabis and Recreational cannabis), Derivative Type (CBD, THC, and Balanced THC and CBD), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). 

Geography Overview
By geography, the global legal cannabis market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global legal cannabis market.

Insights on the market contribution of various segments including country and region wise, historic (2017 to 2021) and forecast market size (2023 to 2027) - Download a Sample Report

Global Legal Cannabis Market ? Market Dynamics
Leading trends influencing the market 

Major challenges hindering the market growth

Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021) and forecast period(2023 to 2027)- Request a sample report

What are the key data covered in this Legal Cannabis Market report?

Related Reports:

Cannabis Testing Market: The cannabis testing market size is forecast to increase by USD 1.50 billion between 2022 and 2027, accelerating at a CAGR of 13.06%. In 2017, the US held the largest market share, projecting an annual revenue of USD 0.43 billion.

Cannabis-based Alcoholic Beverage Market: The cannabis-based alcoholic beverages market share is expected to increase by USD 155.28 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 18.53%.


  1. Executive Summary
  2. Market Landscape
  3. Market Sizing
  4. Historic Market Size
  5. Five Forces Analysis
  6. Market Segmentation by Product
  7. Market Segmentation by Derivative Type
  8. Customer Landscape
  9. Geographic Landscape
  10. Drivers, Challenges, and Trends
  11. Company Landscape
  12. Company Analysis
  13. Appendix

About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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