Dublin, May 13, 2024 (GLOBE NEWSWIRE) -- The "Legal Marijuana - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Legal Marijuana Market to Reach $125.4 Billion by 2030
The global market for Legal Marijuana estimated at US$30.6 Billion in the year 2023, is projected to reach a revised size of US$125.4 Billion by 2030, growing at a CAGR of 22.3% over the analysis period 2023-2030. Oil & Tinctures, one of the segments analyzed in the report, is expected to record 23.4% CAGR and reach US$80.4 Billion by the end of the analysis period. Growth in the Flowers segment is estimated at 20.5% CAGR for the next 7-year period. 
The U.S. Market is Estimated at $9.8 Billion, While China is Forecast to Grow at 21.5% CAGR
The Legal Marijuana market in the U.S. is estimated at US$9.8 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$21.2 Billion by the year 2030 trailing a CAGR of 21.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.7% and 18.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 15.3% CAGR.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 196 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $30.6 Billion |
| Forecasted Market Value (USD) by 2030 | $125.4 Billion |
| Compound Annual Growth Rate | 22.3% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Legal Marijuana - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Global Economic Update
FOCUS ON SELECT PLAYERS(Total 46 Featured)
- Aphria Inc.
- Aurora Cannabis, Inc.
- Beacon Medical
- Canopy Growth Corporation
- Cronos Group
- OrganiGram Holdings, Inc.
- Tikun Olam Ltd.
- Tilray, Inc.
- Wayland Group Corporation
For more information about this report visit https://www.researchandmarkets.com/r/yja5h2
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