LONDON–(BUSINESS WIRE)–Technavio has been monitoring the global 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.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report

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. 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.

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The legalization of cannabis worldwide has been instrumental in driving the growth of the market.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/global-legal-cannabis-market-industry-analysis

Legal Cannabis Market 2019-2023: Segmentation

Legal Cannabis Market is segmented as below:

• Product
  • Legal Medical Cannabis
  • Legal Recreational Cannabis
• Geographic Landscape

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Legal 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. The legal cannabis market report covers the following areas:

• Legal Cannabis Market Size
• Legal Cannabis Market Trends
• Legal Cannabis Market Industry Analysis

This study identifies the 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.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Legal 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 SUMMARY

PART 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 LANDSCAPE

PART 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 FRAMEWORK

PART 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 TECHNAVIO

About 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.