Legal Marijuana Market 2019 Global Trends and Analysis Forecast to 2025
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Market Research is working on a new report title “Global Legal Marijuana Market: Global
Size, Trends, Competitive, Historical & Forecast Analysis, 2018-2024".Fast acceptance of medicinal marijuana increasing
demand in medical sector such as glaucoma, asthma, respiratory disorders, Alzheimer’s
disease, reduces muscle spasm, helps to decrease the disorder called Dravet's
syndrome and others are key drivers for growth of Global Legal Marijuana Market.
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Global Legal
Marijuana Market Reports –
Marijuana
is a greenish mixture of driedleaves torn leaves, stems, seeds, and flowers of
the plant Cannabis sativa.Marijuana
is also commonly known as Cannabis and Hemp. Marijuana contains more than 350
chemicals such as more than 30% Cannabinoids (CBD)and the mind-altering
chemical Tetra Hydro Cannabinol (THC), which acts as psychoactiveelement.THC
acts on particular brain cell receptors which react with natural THC-like chemicals.
These natural chemicals play avital role in development and functioning of brain.When
a person smokes marijuana, THC rapidlypasses from the lungs into the blood. The
blood carries the chemical to the brain and other organs through the body. When
the person eats or drinks then body absorbs THC more slowly. In this case, they
generally feel the effects after 1 hour.Marijuana is one of the
superiormodifications of cannabis, is used for recreational (psychoactive
drugs) and medicinal purposes.Many countries are allowing the sale of marijuana
for recreational purposes due to excessive tax revenue generated from the
market. Also, consumption of marijuana in some countries is banned due to its addictive
property and has been related with narcotics such as Heroin. They are
frequently mixed into foods such as cookies, brownies, and candies. Stronger
form of marijuana includes Sinsemilla from special cultivated female flowering
plants and concentrated resins including high-doses of marijuana’s active
ingredients includeshoney like hash oil, hard amber like shatter and waxy
budderi.e., cannabis extracts with a creamy and buttery consistency.
Extracts
can also be made from the cannabis. People can mix marijuana in food and
edibles such as brownies, cookies, candy, brew it as a tea. Smoking or eating
different forms of THC-rich resinsis a newly popular method of usingMarijuana.
Short-Term
Effects such as short-term memory problems, Severe anxiety, Very strange behavior,
hearing or smelling things that aren’t there, psychosis, Panic, Hallucinations,
Loss of sense of personal identity, Less reaction time, risk of heart attack, greater
risk of stroke, difficulties in safe driving or playing sports and Sexual
problems for males.
Long-Term
Effects such as Drop in Intelligence Quotientup to 7 points if continued use
started in teenage, Poor school performance and higher chance of dropping out, Impaired
thinking, difficult to learn and perform complex tasks, decreased life
satisfaction, Addiction about 8% of adults and 16% of people who started
smoking as teenagers, Potential development of opiate abuse, Relationship problems,
intimate partner violence, Antisocial behavior including robbery, Financial
problems, Increased welfare dependence, Greater chances of not getting good
jobs.
Global Legal Marijuana Market is segmented on the basis of
Marijuana Type,Consumption Type, Applicationand Geography. On the Basis ofMarijuana
Type, Global Legal Marijuana Market is classified asmedical and recreational.On
the basis of Consumption Type Global Legal Marijuana Market is classified into
Solid, Liquid, Inhalation and Topical. On the basis of ApplicationGlobal Legal Marijuana Market is classified as Chronic Pain,
Mental Disorders, and Cancer, Others (AIDS, Amyotrophic Lateral Sclerosis and
Parkinson ’s disease).The
regions covered in Global Legal Marijuana Market report are North America,
Europe, Asia-Pacific and Rest of the World. On the basis of country level,
Global Melanoma Drug Market sub divided in to U.S., Mexico, Canada, U.K.,
France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
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Key Players for Global Legal
Marijuana Market Reports –
Global
Legal Marijuana Market reports cover prominent players likeMedicine
Man (U.S.), AmeriCann, Inc. (U.S.), Novus Acquisition & Development (U.S.),
AbattisBioceuticals Corp (Canada), GW Pharmaceuticals (U.K.), Canopy Growth
(Canada), Insys Therapeutics (U.S.)
Global Legal Marijuana Market Dynamics
–
Many
health benefits associated with Marijuana is growing its application in the
Pharmaceutical sector. The demand for legal Marijuana is increasing for
recreational activity, which is driving the growth of the market.The Global
Legal Marijuana Market is also driven byrising demand for Marijuana in medical
sector, in the treatment of glaucoma; used to treat asthma respiratory
complication slows progression of Alzheimer’s disease, reduces muscle spasm,
decrease the chance of Dravet’s syndrome and others. In addition, growing
occurrence of chronic diseases among population and various beneficial
chemicals found in marijuana, which can be used for relief from chronic pain,
reduce nausea & vomiting and increases hunger during chemotherapy are other
factors likely to support growth of the Global Legal Marijuana Market.
Moreover, rising mental disorder and presence of tetrahydrocannabinol (THC) in
Marijuana can be used to cure mental disorder is other factor likely to boost
growth of the Global Legal Marijuana Market.
In
spite oflots of medical applications of Marijuana, it also causes addiction
after long term consumption, creates hallucinations, thus this may hamper the
market growth. However, stringent government regulations related to use of
marijuana as it may have short term and long term side effects on health is a
major factor restraining growth of the global legal marijuana market.
Additionally, common side effects of Marijuana such as increased talkativeness
and laughter alternating with periods of introspective dreaminess, fatigue and
sleepiness is probably achallenge for growth of the Global Legal Marijuana
Market.
Legalization
of marijuana by developed countries for medical purposes where active chemical
compounds in Marijuana can be used for treatment of various chronic diseases
such as cancer AIDS, ALS, Crohn’s and Parkinson’sdisease. Also increasing
Research &Development activities and government spending on healthcare
sector demands for cannabis for clinical use are major factors which drive the
growth of the Global Legal Marijuana Market.
Global Legal Marijuana Market Regional
Analysis –
North
America is expected to account for largest market (in terms of value and volume
both) owing to legalization of Marijuana in developed countries, use of
Marijuana in illegal drugs and Pharmaceutical sector and presence of key
players in this region. This can be also attributed to increasing pool of
patient suffering from chronic diseases, well developed healthcare sector and
favorable reimbursement policies. Europe market accounts for second-largest
revenue share in the global legal marijuana market followed by markets in Asia
Pacific, Latin America and Middle East & Africa respectively. The market in
Asia Pacific is projected to register highest CAGR in terms of revenue over the
forecast period, owing to increasing government expenditure on healthcare sector
in emerging countries in this region.
Endless
research on the Marijuana to show value-added products from cannabis strains
have been contributing to the growth of the Global Legal Marijuana Market from
the past few years.
Furthermore,
increase in awareness through various government and NGO campaigns of disease
and government initiatives for improving health care facilities are expected to
boost the regional market to a certain extent.
Key Benefits for Global Legal
Marijuana Market Reports –
Global Legal Marijuana Market report covers in depth historical and forecast analysis.
Global Legal Marijuana Market research report provides detail information about Market Introduction,
Market Summary, Global market Revenue (Revenue USD), Global market sale (K
Units), Global market Drivers, Market Restraints, Market opportunities,
Competitive Analysis, Regional and Country Level.
Global Legal Marijuana Market report helps to identify opportunities in market place.
Global Legal Marijuana Marketreport covers extensive analysis of emerging trends and competitive
landscape.
Global Legal Marijuana Market Segmentation –
Global Legal Marijuana Market:
By Marijuana Type Analysis
Medical
Recreational
Global Legal Marijuana Market:
By Consumption Type Analysis
Solid
Liquid
Inhalation
Topical
Others
Global Legal Marijuana Market:
By Application Analysis
Chronic Pain
Mental Disorders
Cancer
Others (AIDS, Amyotrophic Lateral Sclerosis and Parkinson ’s
disease)
Global Legal Marijuana Market: By Regional
& Country Analysis
U.S.
Mexico
Canada
Europe
UK
France
Germany
Italy
Asia Pacific
China
Japan
India
Southeast Asia
Latin America
Brazil
The Middle East
and Africa
GCC
Africa
Rest of Middle
East and Africa
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