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Legal Cannabis Market (Medical & Recreational) with Focus on US and Canada: Industry Analysis & Outlook (2018-2022)

Legal Cannabis Market (Medical & Recreational) with Focus on US and Canada: Industry Analysis & Outlook (2018-2022)

Cannabis is a drug made up of different cannabinoids as well as other compounds. 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.

The legal cannabis market has witnessed continuous growth in the past few years and is projected to grow significantly in future. The market is expected to be driven by various growth factors such as rapid cannabis legalization, growth of vaporizer market, growing number of medical cannabis patients, and rising cannabis consumption. However, the market is not free from challenges that are hindering its growth. Some of the major challenges faced by the market are lack of banking and financial services, complex legal norms and product restriction.

California dominated the U.S. legal cannabis market market with extensive demand for both medical and recreational cannabis due to large number of population in the region. Latest legalization of cannabis in Canada and rapid changes in the consumption patterns of individuals, with increasing recreational use of cannabis would help to promote the growth of the cannabis market in Canada as well.

The major players dominating the legal cannabis market are mCig, Inc., Canopy Growth Corporation, GW Pharmaceuticals and Arena Pharmaceuticals. The companies are further expanding their operations and production through specialized manufacturing of products and growing business agreements.


1. Introduction
1.1 Cannabis
1.2 History of Cannabis Legalization in the US
1.3 Cannabis Ingestion Methods
1.4 Uses of Marijuana/Cannabis
1.5 Medical Indications and Benefits
Table 1: Medical Indications and Benefits
1.6 Adverse Effects of Marijuana/Cannabis
1.7 Overview of Marijuana Legalization Models
Table 2: Overview of Marijuana Legalization Models
1.8 Overview of Cannabis Testing Technologies
Table 3: Overview of Cannabis Testing Technologies
2. The U.S. Legal Cannabis Market
2.1 The US Legal Cannabis Market Forecast by Value
Table 4: The US Legal Cannabis Market Forecast by Value (2017-2022)
2.2 The US Legal Cannabis Market Value by States
Table 5: The US Legal Cannabis Market Value by States (2017)
2.2.1 California Medical and Recreational Cannabis Market Forecast by Value
Table 6: California Medical and Recreational Cannabis Market Forecast by Value (2017-2022)
2.2.2 Colorado Medical and Recreational Cannabis Market Forecast by Value
Table 7: Colorado Medical and Recreational Cannabis Market Forecast by Value (2017-2022)
2.2.3 Washington Cannabis Market Forecast by Value
Table 8: Washington Cannabis Market Forecast by Value (2017-2022)2.2.4 Michigan Medical and Recreational Cannabis Market Forecast by Value
Table 9: Michigan Medical and Recreational Cannabis Market Forecast by Value (2017-2022)
2.2.5 Arizona Medical and Recreational Cannabis Market Forecast by Value
Table 10: Arizona Medical and Recreational Cannabis Market Forecast by Value (2017-2022)
2.2.6 Florida Medical Cannabis Market Forecast by Value
Table 11: Florida Medical Cannabis Market Forecast by Value (2017-2022)
2.2.7 Massachusetts Medical and Recreational Cannabis Market Forecast by Value
Table 12: Massachusetts Medical and Recreational Cannabis Market Forecast by Value (2017-2022)
2.2.8 Nevada Medical and Recreational Cannabis Market Forecast by Value
Table 13: Nevada Medical and Recreational Cannabis Market Forecast by Value (2017-2022)
2.2.9 New York Medical Cannabis Market Forecast by Value
Table 14: New York Medical Cannabis Market Forecast by Value (2017-2022)
2.2.10 Oregon Medical and Recreational Cannabis Market Forecast by Value
Table 15: Oregon Medical and Recreational Cannabis Market Forecast by Value (2017-2022)
2.3 The US Legal Cannabis Market Value by Type
Table 16: The US Legal Cannabis Market Value by Type (2017)
2.3.1 The US Legal Recreational Cannabis Market Forecast by Value
Table 17: The US Legal Recreational Cannabis Market Forecast by Value (2017-2022)
2.3.2 The US Legal Medical Cannabis Market Forecast by Value
Table 18: The US Legal Medical Cannabis Market Forecast by Value (2017-2022)2.3.3 The US Legal Medical Cannabis Patient Volume Forecast
Table 19: The US Legal Medical Cannabis Patient Volume Forecast (2017-2022)
2.4 The US Legal Cannabis Market Value by Product Mix
Table 20: The US Legal Cannabis Market Value by Product Mix (2017)
3. Canada Legal Cannabis Market
3.1 Canada Legal Cannabis Market Forecast by Value
Table 21: Canada Legal Cannabis Market Forecast by Value (2017-2022)
3.2 Canada Cannabis Market by Type
3.2.1 Canada Medical Cannabis Market Forecast by Value
Table 22: Canada Medical Cannabis Market Forecast by Value (2017-2022)
3.2.2 Canada Medical Cannabis Demand Volume Forecast
Table 23: Canada Medical Cannabis Demand Volume Forecast (2017-2022)
3.2.3 Canada Legal Medical Cannabis Patient Volume Forecast
Table 24: Canada Legal Medical Cannabis Patient Volume Forecast (2017-2022)
3.2.4 Canada Recreational Cannabis Market Forecast by Value
Table 25: Canada Recreational Cannabis Market Forecast by Value (2017-2022)
3.2.5 Canada Recreational Cannabis User Volume Forecast
Table 26: Canada Recreational Cannabis User Volume Forecast (2017-2022)
3.2.6 Canada Recreational Cannabis Demand Volume Forecast
Table 27: Canada Recreational Cannabis Demand Volume Forecast (2017-2022)
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Rapid Cannabis Legalization
Table 28: Number of Legalized States in US for Medical Cannabis (2008-2017)
4.1.2 Increasing Recreational Use of Cannabis
4.1.3 Increasing Demand for Medical Cannabis
4.1.4 Technological Advancements
4.1.5 Brand Surge
4.1.6 Growth of Vaporizer Market
4.2 Key Trends
4.2.1 Changing Cannabis Consumption Patterns
4.2.2 Strong Growth of Hemp
4.2.3 FDA approval of Epidiolex
4.2.4 Cannabis Packaging and Accessories
4.2.5 Evolving Retail
4.2.6 Rising Software and Online Platforms
4.3 Challenges
4.3.1 Lack of Banking and Financial Services
4.3.2 High Tax Rates
4.3.3 Legal Norms
4.3.4 Impact of Product Restrictions on Market Growth
5. Competitive Landscape
5.1 Revenue and Market Cap Comparison- Top Players
Table 29: Revenue & Market Cap Comparison – Top Players (2017/2018)
6. Company Profiles
6.1 mCig, Inc.
6.1.1 Business Overview
Table 30: mCig, Inc. Revenue by Segment (2018)
6.1.2 Financial Overview
Table 31: mCig, Inc. Revenue and Net Income (2014-2018)
6.1.3 Business Strategies
6.2 Arena Pharmaceuticals
6.2.1 Business Overview
6.2.2 Financial Overview
Table 32: Arena Pharmaceuticals Revenue and Net Loss (2013-2017)
Table 33: Arena Pharmaceuticals R&D Expenditure (2015-2017)
6.2.3 Business Strategies
6.3 GW Pharmaceuticals
6.3.1 Business Overview
Table 34: GW Pharmaceuticals Revenue by Segment (2017)
6.3.2 Financial Overview
Table 35: GW Pharmaceuticals Revenue and Loss of the year (2013-2017)
6.3.3 Business Strategies
6.4 Canopy Growth Corporation
6.4.1 Business Overview
6.4.2 Financial Overview
Table 36: Canopy Growth Corporation Revenue and Net Loss (2015-2018)
6.4.3 Business Strategies

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