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18:00 | 01.04.2020
Legal Cannabis Market 2019-2023 | Legalization Of Cannabis Worldwide to Boost Growth | Technavio

Technavio has been monitoring the legal cannabis market and it is poised to grow by USD 33.48 billion during 2019-2023, progressing at a CAGR of over 27% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200401005449/en/Technavio has announced its latest market research report titled Global Legal Cannabis Market 2019-2023 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please request latest free sample report on Covid-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aphria, Aurora Cannabis, Canopy Growth Corporation, CV Sciences, and Tilray are some of the major market participants. The legalization of cannabis worldwide will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Legalization of cannabis worldwide has been instrumental in driving the growth of the market.
Legal Cannabis Market 2019-2023: Segmentation
Legal Cannabis Market is segmented as below:

Product

Legal Medical Cannabis

Legal Recreational Cannabis

Geographic Landscape

Americas

APAC

EMEA

To learn more about the global trends impacting the future of market research, download latest free sample report of 2020-2024: https://www.technavio.com/talk-to-us?report=IRTNTR30395Legal Cannabis Market 2019-2023: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our legal cannabis market report covers the following areas:

Legal Cannabis Market Size

Legal Cannabis Market Trends

Legal Cannabis Market Industry Analysis

This study identifies increase in the use of advanced techniques in cannabis cultivation as one of the prime reasons driving the legal cannabis market growth during the next few years.
Legal Cannabis Market 2019-2023: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the Legal Cannabis Market, including some of the vendors such as Aphria, Aurora Cannabis, Canopy Growth Corporation, CV Sciences, and Tilray. Backed with competitive intelligence and benchmarking, our research reports on the Legal Cannabis Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio’s SUBSCRIPTION platformLegal Cannabis Market 2019-2023: Key Highlights
CAGR of the market during the forecast period 2019-2023

Detailed information on factors that will assist legal cannabis market growth during the next five years

Estimation of the legal cannabis market size and its contribution to the parent market

Predictions on upcoming trends and changes in consumer behavior

The growth of the legal cannabis market

Analysis of the market’s competitive landscape and detailed information on vendors

Comprehensive details of factors that will challenge the growth of legal cannabis market vendors
Table Of Contents:PART 01: EXECUTIVE SUMMARYPART 02: SCOPE OF THE REPORT
2.1 Preface

2.2 Preface

2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market ecosystem

Market characteristics

Market segmentation analysis
PART 04: MARKET SIZING
Market definition

Market sizing 2018

Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers

Bargaining power of suppliers

Threat of new entrants

Threat of substitutes

Threat of rivalry

Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
Market segmentation by product

Comparison by product

Global legal medical cannabis market – Market size and forecast 2018-2023

Global legal recreational cannabis market –

Market size and forecast 2018-2023

Market opportunity by product
PART 07: CUSTOMER LANDSCAPEPART 08: GEOGRAPHIC LANDSCAPE
Geographic segmentation

Geographic comparison

Legal cannabis market in Americas – Market size and forecast 2018-2023

Legal cannabis market in EMEA – Market size and forecast 2018-2023

Legal cannabis market in APAC – Market size and forecast 2018-2023

Key leading countries

Legal cannabis market in the US – Market size and forecast 2018-2023

Legal cannabis market in Canada – Market size and forecast 2018-2023

Legal cannabis market in Israel – Market size and forecast 2018-2023

Legal cannabis market in Germany – Market size and forecast 2018-2023

Legal cannabis market in Australia – Market size and forecast 2018-2023

Market opportunity
PART 09: DECISION FRAMEWORKPART 10: DRIVERS AND CHALLENGES
Market drivers

Market challenges
PART 11: MARKET TRENDS
Increasing demand due to growing number of patients who need cannabis for medical use

Use of advanced techniques in cannabis cultivation

Rising mergers and acquisitions in the cannabis sector
PART 12: VENDOR LANDSCAPE
Overview

Landscape disruption

Competitive scenario
PART 13: VENDOR ANALYSIS
Vendors covered

Vendor classification

Market positioning of vendors

Aphria

Aurora Cannabis

Canopy Growth Corporation

CV Sciences

Tilray
PART 14: APPENDIX
Research methodology

List of abbreviations
PART 15: EXPLORE TECHNAVIOAbout Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200401005449/en/


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