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Legal Marijuana Market (Medical & Recreational) with Focus on US & Canada: Industry Analysis: (2017-2021)

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The report “Legal Marijuana Market (Medical & Recreational) with Focus on US & Canada: Industry Analysis (2017-2021)” provides, For more mail: vikas@konceptanalytics.com

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Legal Marijuana Market (Medical & Recreational) with Focus on US & Canada: Industry Analysis: (2017-2021)

  1. 1. Legal Marijuana Market (Medical & Recreational) with Focus on US & Canada: Industry Analysis ----------------------------------------- (2017-2021) Industry Research by Koncept Analytics 1 December 2017 Legal Marijuana Market (Medical & Recreational) with Focus on US & Canada: Industry Analysis (2017-2021)
  2. 2. Executive Summary 2 Legal Marijuana Market (Medical & Recreational) with Focus on US & Canada: Industry Analysis (2017-2021) Cannabis, also known as marijuana, is a family of plants called Cannabaceae. There are more than 700 varieties of cannabis that have been described so far. Based on characteristics such as shape, color, height, smell, it is usually recognized by two main types: Cannabis Sativa, a native of the Western Hemisphere and Cannabis Indica, a native of Central and South Asia. Marijuana/Cannabis is mostly used as recreational and medicinal drug. Cannabis as a medicine can be found in the ancient Chinese tradition several thousand years ago. The indications showed various therapeutic applications, such as malaria, rheumatic pains, constipation, reproductive system disorders and others. Medical cannabis refers to cannabis and its cannabinoid components, such as tetrahydrocannabinol (THC) and cannabidiol (CBD), which are used as treatments for treating diseases or alleviating the symptoms of these diseases. In addition to the legalization of medical marijuana, there are states which have also legalized the recreational use of this drug for adults who are 21 years old or older. So far, eight states have legalized recreational marijuana use, and 29 states allow marijuana use for medical purposes in the US. These changes in state laws have helped the growth of the cannabis industry. The key factors driving the growth of the marijuana/cannabis market are technological advancement, premium pricing due to high energy consumption in marijuana production, changing people’s attitude toward marijuana use and growing business opportunities, increasing business sophistication, large base of potential cannabis consumers, medical cannabis on the rise, increasing licensed producers and the growth of the vaporizer industry. Some of the trends and developments of this industry include national expansion & brand growth, cannabis as healthcare treatment and innovative product development. However, the expansion of marijuana/cannabis market is hindered by legal issues, unfavorable taxes, lack of federal support, lack of banking and financial services and pesticides use issues. The report “Legal Marijuana Market (Medical & Recreational) with Focus on US & Canada: Industry Analysis (2017-2021)” provides an in-depth analysis of the US and Canada market on the basis of its segments. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The key players in the industry, American Cannabis Company, mCig, Inc., GreenGro Technologies, Inc. and Mentor Capital Inc. are being profiled.
  3. 3. Use of cannabis/marijuana as health treatment and rising technological advancement supported the growth of legal marijuana market. 3 Legal Marijuana Market (Medical & Recreational) with Focus on US & Canada: Industry Analysis (2017-2021) Canada Marijuana Market Forecast by Value (2016-2021) The US Legal Marijuana Market Forecast by Value (2016-2021) The US Medical Marijuana Medical Sales by Region (2016) • The US legal marijuana market is expected to reach US$.... billion in 2021, increasing from US$... billion in 2016, recording growth at a CAGR of …% for the period spanning 2016-2021. • The total market for marijuana in Canada was recorded at US$.... million in 2016 and is estimated to rise to US$... million in 2021, recording CAGR of ….% for the period spanning 2016-2021. • In 2016, California accounted for ….% of the total legal medical sale of marijuana followed by Michigan and Colorado with a share of …% and …% respectively. 2016 2017 2018 2019 2020 2021 US$Billion 2016 2017 2018 2019 2020 2021 US$Million California Michigan Colorado Arizona Oregon Other States
  4. 4. Changing attitude of people and increasing licensed producers of marijuana will drive legal marijuana market in the US and Canada… 4 Legal Marijuana Market (Medical & Recreational) with Focus on US & Canada: Industry Analysis (2017-2021) Colorado Marijuana Sales by Ingestion Method (2016)Washington Marijuana Market Forecast by Value (2016-2021) Colorado Marijuana Market Forecast by Type (2016-2021) • The legal sale of recreational marijuana in Colorado is expected to reach US$... million, increasing from US$... million in 2016, recording growth at a CAGR of …% for the period spanning 2016-2021. Also, marijuana for medical use is projected to reach US$... million in 2021, increasing from US$... million in 2016. • The marijuana market in Washington is expected to grow to US$... million in 2021, increasing from US$... million in 2016, growing at a CAGR of …% for the period spanning 2016-2021. • In Colorado, the sale of flower marijuana accounted for …% share in 2016, followed by concentrates and edibles which accounted for …% and …% of total marijuana sale. Pre-rolled marijuana constituted …% of total sales in Colorado. 2016 2017 2018 2019 2020 2021 US$Million Medical Recreational 2016 2017 2018 2019 2020 2021 US$Million Flower Concentrates Edibles Pre-rolled Other
  5. 5. Koncept Analytics CS-36, First Floor, Ansal Plaza Vaishali, Ghaziabad, U.P. – 201010 T: +91-120-4130959 M: +91-9871694789 vikas@konceptanalytics.com Contact Us: www.konceptanalytics.com This is a licensed product of Koncept Analytics. You cannot reproduce, publish, distribute, publicly display, sell or create other works from this report or use them in any way for commercial purpose without our prior permission. Further, you cannot copy this material, by any means (including electronic copies), for distribution to others unless you have purchased the corporate license of this report. We believe the sources are reliable, but Koncept Analytics does not warranty the accuracy or completeness of the data. The data presented in the report is updated at the publication date but is subject to change at subsequent releases. All possible efforts have been made to ensure accuracy of data. However, investors should not completely rely on the information given in this report and must make decisions based on their own investment strategy, risk management and capital adequacy. For Report Purchase Click Below: http://www.konceptanalytics.com/Researchreport/legal-marijuana-market-medical- recreational-with-focus-on-us-canada-industry-analysis-2017-2021-30471.aspx Disclaimer

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