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Global Legal Cannabis Market 2017-2021

Global Legal Cannabis Market 2017-2021

About Legal Cannabis

Cannabis is a flowering plant. Species of cannabis are Cannabis sativa, Cannabis indica, and Cannabis ruderalis. Cannabis plants have many varieties, out of which two most prominent ones are marijuana and hemp. Predominantly, cannabis contains two cannabinoids tetrahydrocannabinol (THC) and cannabidiol (CBD). THC is highly psychoactive and causes intoxication. Thus, the use of cannabis is not legalized in many countries. There are only few countries where cannabis products are legalized for either medicinal or for recreational purposes, and out of them, Uruguay in fact has legalized it for both recreational as well as medicinal purposes.

Technavio’s analysts forecast the global legal cannabis market to grow at a CAGR of 23.97% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global legal cannabis market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Legal Cannabis Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The 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.

Key vendors
  • Aurora Cannabis
  • Bhang Corporation
  • Canopy Growth Corporation
  • Medical Marijuana
  • Mentor Capital
Other prominent vendors
  • Cannoid
  • CBD American Shaman
  • CV Sciences
  • Elixinol
  • FOLIUM BIOSCIENCES
  • IRIE CBD
  • Meadow Care
  • mCig
  • NuLeaf Naturals
  • Pharmahemp
  • Terra Tech
  • United Cannabis
Market driver
  • Growing social acceptance of cannabis
  • For a full, detailed list, view our report
Market challenge
  • Compromising public health
  • For a full, detailed list, view our report
Market trend
  • Rising number of countries decriminalizing and legalizing cannabis
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Legal Cannabis Market 2017-2021

Technavio recognizes the following companies as the key players in the global legal cannabis market: Aurora Cannabis, Bhang Corporation, Canopy Growth Corporation, Medical Marijuana, and Mentor Capital.

Other Prominent Vendors in the market are: Cannoid, CBD American Shaman, CV Sciences, Elixinol, FOLIUM BIOSCIENCES, IRIE CBD, Meadow Care, mCig, NuLeaf Naturals, Pharmahemp, Terra Tech, and United Cannabis.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rising number of countries decriminalizing and legalizing cannabis. Legalization of marijuana has emerged as a rising trend, which is influencing many nations to decriminalize cannabis and legalize the use of marijuana both for recreational and medicinal purposes. At present, there are 29 states in the US that have legalized marijuana for medicinal purposes where eight states have been granted the permission for the use of marijuana both for recreational and medicinal purposes.”

According to the report, one driver in the market is growing social acceptance of cannabis. The perception of several nations has changed regarding cannabis from being merely an intoxicating drug to a business venture, which can prove to be highly profitable in the long run. Over past five years, the global legal cannabis market has repeatedly posted robust growth, alluring the new vendors and large investors to leverage the potential of this industry. The growth of cannabis market has significantly added to the income of several governments and boosted sales and revenues of major corporations. The rising popularity of recreational marijuana has provided traction to the global legal cannabis market.

Further, the report states that one challenge in the market is compromising public health. Legalizing cannabis in any country poses a great threat to its citizens as its over-consumption can lead to various respiratory problems and several health issues. Till 2015, there were nearly 15 countries in the world where marijuana was available for purchase from the commercial market, and in these countries, it was reported that approximately 50% of the people under the age of 18 years had easy access to marijuana products. Therefore, the population is exposed to use, misuse, and abuse of the substance, affecting the life of masses in vast numbers.

Companies Mentioned

Aurora Cannabis, Bhang Corporation, Canopy Growth Corporation, Medical Marijuana, and Mentor Capital, Cannoid, CBD American Shaman, CV Sciences, Elixinol, FOLIUM BIOSCIENCES, IRIE CBD, Meadow Care, mCig, NuLeaf Naturals, Pharmahemp, Terra Tech, and United Cannabis.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Global legal cannabis market: Overview by segmentation type
    • Market size and forecast
      • Table Global cannabis market 2016-2021 ($ billions)
      • Table Global legal cannabis market in global cannabis market 2016
      • Table Global legal cannabis market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global legal cannabis market by application
      • Table Global legal cannabis market by application 2016 (revenue %)
      • Table Global legal cannabis market by application 2021 (revenue %)
      • Table Global legal cannabis market by application - Market share 2016-2021 (%)
      • Table Global legal cannabis market by application: CAGR comparison
    • Comparison by application
      • Table Comparison by application
    • Global legal cannabis market for medicinal use
      • Table Global legal cannabis market for medicinal use - Market size & forecast ($ billions)
      • Table Global legal cannabis market for medicinal use - Year-over-year growth (%)
      • Table Production stages of medicinal cannabis
      • Table Segmentation of legal medicinal cannabis market based on cannabinoids (%)
    • Global legal cannabis market for recreational use
      • Table Global legal cannabis market for recreational use - Market size & forecast ($ billions)
      • Table Global legal cannabis market for recreational use - Year-over-year growth (%)
    • Market opportunity by application
  • Market segmentation by product
    • Global legal cannabis market by product
      • Market overview
        • Table Global legal cannabis market by product - Market size & forecast (%)
    • Comparison by end-user
      • Table Comparison by product
    • Global legal cannabis market for solid edibles
      • Table Global legal cannabis market for solid edibles - Market size & forecast ($ billions)
      • Table Global legal cannabis market for solid edibles - Year-over-year growth (%)
    • Global legal cannabis market for inhalation
      • Table Global legal cannabis market for inhalation - Market size & forecast ($ billions)
      • Table Global legal cannabis market for inhalation - Year-over-year growth (%)
    • Global legal cannabis market for liquid edibles
      • Table Global legal cannabis market for liquid edibles - Market size & forecast ($ billions)
      • Table Global legal cannabis market for liquid edibles - Year-over-year growth (%)
    • Global legal cannabis market for topicals
      • Table Global legal cannabis market for topicals - Market size & forecast ($ billions)
      • Table Global legal cannabis market for topicals - Year-over-year growth (%)
      • Table Overview of working action of topicals
    • Market opportunity by end-user
  • Regional landscape
    • Geographical segmentation
      • Table Global legal cannabis market by geography - Market share 2016-2021 (%)
    • Regional comparison
      • Table Regional comparison
      • Table Global legal cannabis market by geography - CAGR comparison
    • Americas - Market size & forecast
      • Table Americas - Market size & forecast ($ billions)
      • Table Americas - Year-over-year growth (%)
    • EMEA - Market size & forecast
      • Table EMEA - Market size & forecast ($ billions)
      • Table EMEA - Year-over-year growth (%)
    • APAC - Market size & forecast
      • Table APAC - Market size & forecast ($ billions)
      • Table APAC - Year-over-year growth (%)
    • Key leading countries
      • Table Global legal cannabis market - key leading countries 2016
      • Table Global legal cannabis market - Revenue share of key leading countries 2016-2021 (%)
    • Legal cannabis market in US
      • Table Legal cannabis market in US - Market size & forecast ($ billions)
    • Legal cannabis market in Spain
      • Table Legal cannabis market in Spain - Market size & forecast ($ billions)
    • Legal cannabis market in Mexico
      • Table Legal cannabis market in Mexico - Market size & forecast ($ millions)
    • Legal cannabis market in Germany
      • Table Legal cannabis market in Germany - Market size & forecast ($ millions)
    • Legal cannabis market in Israel
      • Table Legal cannabis market in Israel - Market size & forecast ($ millions)
    • Legal cannabis market in Canada
      • Table Legal cannabis market in Canada - Market size & forecast ($ millions)
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Rising number of countries decriminalizing and legalizing cannabis
    • Increasing influence of online retailing
      • Table Internet penetration rate in key markets for cannabis products 2016 (%)
    • Cultivation of cannabis through advanced techniques
  • Vendor landscape
    • Competitive scenario
      • Table Global legal cannabis market - Key vendors 2016
      • Table Competitive assessment of major players in global legal cannabis market in 2016
  • Key vendor analysis
    • Aurora Cannabis
      • Table Aurora Cannabis: Product portfolio
    • Bhang Corporation
      • Table Bhang Corporation: Product portfolio
    • Canopy Growth Corporation
      • Table Canopy Growth Corporation: Product portfolio
    • Medical Marijuana
      • Table Medical Marijuana: Product portfolio
    • Mentor Capital
      • Table Mentor Capital: Product portfolio
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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