Legal Marijuana Market Report Scope & Overview:

The Legal Marijuana Market size was valued at USD 16.90 billion in 2022 and is supposed to grow at a CAGR of 25.2% from 2023 to 2030. the legal marijuana market is estimated to reach 102.04 billion by 2030.

The developing interest in Legal Marijuana has been an essential variable in the development of the market. As of late, countless nations have sanctioned the utilization of clinical marijuana for treating different afflictions. Various investigations did demonstrate the way that clinical marijuana and its subordinates can be utilized to treat side effects of different illnesses, for e.g., it has been effectively used to treat patients with constant torment, chemotherapy-prompted sickness, Parkinson's, Alzheimer's, and other neurological infections. The FDA and other such affiliations have now begun tolerating the marijuana subsidiaries for the solution of illnesses which has shown to be helpful. This is one more component for the fast circle back of its legitimate status in a lot of nations.

Legal Marijuana Market Revenue Analysis

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Market Dynamics

Driving factors:

The legal marijuana market is expected to grow in the coming year as more people become aware of the benefits of medical marijuana. Furthermore, the legalization of marijuana in a few countries for clinical trials is predicted to provide drug companies with lucrative freedoms, which could fuel the marijuana market within the forecasted time frame. Furthermore, marijuana can provide relief from persistent pain, and sleep issues are likely to increase interest in medical marijuana, which might help the medical marijuana industry grow in the near future. Furthermore, the expansion of the marijuana industry to combat sickness is likely to increase demand for natural leaves, which will fuel the market in the near future.


The burden of severe laws and regulations is the primary constraint on Marijuana Market Growth. Furthermore, several countries have imposed stringent laws and guidelines in relation to the use of cannabis based on its outcome, which could stymie the medical marijuana market in the coming years. Furthermore, the use of marijuana for sporting design is essential to avoid an adverse effect on human health that might effectively stifle the marijuana market's growth.


Expanding marijuana authorization is expected to provide a significant opportunity for the legal marijuana market to expand. The growing sanctioning and licensing of medical and legal marijuana in several countries is expected to provide lucrative economic opportunities in the near future. Furthermore, as people become more aware of the benefits, demand is projected to rise, potentially allowing different freedoms to expand the legal marijuana industry.


Rigid approval procedures are seen as a serious obstacle that could limit the legal marijuana market's expansion. Furthermore, the availability of stringent approval techniques in various countries' administrative collections is likely to be a key test in the rise of legal marijuana states. Also, the presence and accessibility of international companies, as well as the difficulties they face as a result of intense competition between local and national brands, are expected to have an impact on the legal marijuana industry's growth.

Impact of Covid-19

The development of COVID-19 is expected to stymie the marijuana industry for the foreseeable future because to the inconvenience of the shutdown in many countries. The clinical business, on the other hand, has exploded during the COVID-19 period. In any event, the COVID-19 epidemic has resulted in lockdowns from one end of the globe to the other, depleting crude materials stocks and disrupting manufacturing, and so disrupting the global marijuana retail network. Because of the growing focus on antibody production, the growth of the marijuana market is likely to be hampered.

Market Segmentation:

By Type

  • Medical

  • Recreational

By Product

  • Buds

  • Oils

  • Tinctures

By Application

  • Chronic Pain    

  • Neurological Disorders 

  • Cancer

  • Others

Legal Marijuana Market Segmentation Analysis

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The legal marijuana market is divided into three categories: type, application, and product. The growth of these segments will aid in the analysis of low growth segments in the sectors, as well as give users a comprehensive market overview and industry insights to assist them in making strategic decisions for finding core market applications.

Regional Analysis:

North America

  • USA

  • Canada

  • Mexico


  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe


  • Japan

  • South Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

The nations canvassed in the legitimate marijuana market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of , Japan, India,  china, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Europe in Europe, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, Egypt, U.A.E, South Africa, Israel, Rest of Middle East and Africa (MEA) as a piece of , Brazil, Middle East and Africa (MEA), Argentina and Rest of South America as a feature of South America.

Key Players:

The Major Players are Canopy Growth Corporation, GBSciences Inc, CanniMed Ltd, Cannabis Sativa Inc, GW Pharmaceuticals Plc, Aphria, Pfizer Inc., Emerald Health Therapeutics Inc, Medical Marijuana Inc, MediPharm Labs, and others.

GBSciences Inc-Company Financial Analysis

Company Landscape Analysis

Legal Marijuana Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 16.90 Billion
Market Size by 2030  US$ 102.04 Billion
CAGR  CAGR of 25.2% From 2022 to 2028
Base Year  2022
Forecast Period  2023-2030
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Medical, Recreational)
• By Product (Buds, Oils, Tinctures)
• By Application (Chronic Pain, Neurological Disorders, Cancer, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Canopy Growth Corporation, GBSciences Inc, CanniMed Ltd, Cannabis Sativa Inc, GW Pharmaceuticals Plc, Aphria, Pfizer Inc., Emerald Health Therapeutics Inc, Medical Marijuana Inc, MediPharm Labs, and others.

Frequently Asked Questions

ANs: The Legal Marijuana Market size eas valued at US$ 16.90 billion in 2022.

Ans: The Legal Marijuana Market size is to grow at a CAGR of 25.2% over the forecast period 2023-2030.

Segments of the Legal Marijuana Market are by product, by type, by application.

Canopy Growth Corporation, GBSciences Inc., CanniMed Ltd, Cannabis Sativa Inc, and GW Pharmaceuticals Plc these are the key players in the Legal Marijuana Market.

Manufacturer and service provider, research institutes, universities, and private libraries, suppliers, and distributors.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. Global Legal Marijuana Market Segmentation, by Type

8.1 Medical

8.2 Recreational

9. Global Legal Marijuana Market Segmentation, by Product

9.1 Buds

9.2 Oils

9.3 Tinctures

10. Global Legal Marijuana Market Segmentation, By Application

10.1 Chronic Pain    

10.2 Neurological Disorders 

10.3 Cancer

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2  Canada

11.2.3  Mexico

11.3     Europe

11.3.1  Germany

11.3.2  UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4     Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5     The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6     Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

12. Company Profiles

12.1 Canopy Growth Corporation

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 GBSciences Inc.

12.3 CanniMed Ltd

12.4 Cannabis Sativa Inc

12.5 GW Pharmaceuticals Plc

12.6 Aphria

12.7 Pfizer Inc.

12.8 Emerald Health Therapeutics Inc. (Victoria, BC)

12.9 Medical Marijuana Inc

12.10 MediPharm Labs.

13. Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share Analysis

13.3 Recent Developments

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.


The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

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