2016-2020 Legal Marijuana Market adds on RnRMarketResearch.com. Marijuana, one of the premium variants of cannabis, is used for recreational (psychoactive drugs) and medicinal purposes. It contains a maximum 30% of cannabinoids (CBD) and tetrahydrocannabinol (THC), which is a major psychoactive element.
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The analysts forecast global legal marijuana market to grow at a CAGR of 37.38% during the period 2016-2020. This report covers the present scenario and the growth prospects of the global legal marijuana market for 2016-2020. To calculate the market size, the report considers the revenue generated from legal sales of marijuana.
The market is divided into the following segments based on geography:
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The following companies are the key players in the global legal marijuana market: American Cannabis, Canopy Growth, GreenGro Technologies, mCig, Mentor Capital, Terra Tech, and United Cannabis. Other Prominent Vendors in the market are: Aphria, Cannabis Sativa, Cannabis Science, Cannabrand, Chuma Holdings, MedMen, Meadow, MJIC, Monarch America, Natural Cannabis, Novus Acquisition & Development, Oregon Green Seed, Organigram, Origin Cannabis, Potbotics, Privateer Holdings, and Willie’s Reserve.
The cannabis market is set to undergo major changes with the ongoing digitization trend in business processes and its impact on corporate business models. Many vendors are using the internet to reach a large number of targeted audience through online and mobile advertisements. In addition, several new start-ups are launching their mobile apps to reach remotely located customers. For instance, Nestdrop is a mobile app which delivers medicinal cannabis to the customers within a specific period depending on the delivery specifications. The introduction of such technologies has increased the vendor’s reach, impacting the market positively.
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The report, Global Legal Marijuana Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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