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.


1. Marijuana Market Overview
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. Legal Marijuana Market
2.1 The US
2.1.1 The US Legal Marijuana Market Forecast by Value
Table 4: The US Legal Marijuana Market Forecast by Value (2016-2021)
2.1.2 The US Legal Marijuana Market Forecast - Medical and Recreational
Table 5: The US Legal Marijuana Market Forecast - Medical and Recreational (2016-2021)
2.1.3 US Medical Marijuana Medical Sales by Region
Table 6: The US Medical Marijuana Medical Sales by Region (2016)
2.1.4 The US Cannabis Industry - Total Economic Impact Forecast
Table 7: The US Cannabis Industry - Total Economic Impact Forecast (2016-2021)
2.1.5 The US Prevalence Rate of Marijuana by Age Group
Table 8: The US Prevalence Rate of Marijuana by Age Group (2016)
2.1.6 The US Medical Marijuana Patient Breakdown by Medical Condition
Table 9: The US Medical Marijuana Patient Breakdown by Medical Condition (2016)
Table 10: Cannabis Legalized States and the District of Columbia
Table 11: Cannabis “Decriminalized” States and “No Legal use” States
2.1.7 Colorado Marijuana Market Forecast by Type
Table 12: Colorado Marijuana Market Forecast by Type (2016-2021)
2.1.8 Colorado Marijuana Sales by Ingestion Method
Table 13: Colorado Marijuana Sales by Ingestion Method (2016)
2.1.9 Washington Marijuana Market Forecast by Value
Table 14: Washington Marijuana Market Forecast by Value (2016-2021)
2.1.10 Washington Marijuana Sales by Ingestion Method
Table 15: Washington Marijuana Sales by Ingestion Method (2016)
2.1.11 Massachusetts Marijuana Market Forecast by Value
Table 16: Massachusetts Marijuana Market Forecast by Value (2016-2021)
2.1.12 Vermont Medical Marijuana Market Forecast by Value
Table 17: Vermont Medical Marijuana Market Forecast by Value (2016-2021)
2.1.13 Illinois Medical Marijuana Market Forecast by Value
Table 18: Illinois Medical Marijuana Market Forecast by Value (2016-2021)
2.1.14 Florida Medical Marijuana Market Forecast by Value
Table 19: Florida Medical Marijuana Market Forecast by Value (2017-2021)
2.2 Canada
2.2.1 Canada Marijuana Market Forecast by Value
Table 20: Canada Marijuana Market Forecast by Value (2016-2021)
2.2.2 Canada Marijuana Market Forecast by Type
Table 21: Canada Marijuana Market Forecast by Type (2016-2021)
3. Market Dynamics
3.1 Growth Drivers
3.1.1 Changing Attitude of People
Table 22: The US Support for Legalizing Marijuana (2012-2017)
3.1.2 Medical Cannabis on Rise
Table 23: Number of Legalized States in US for Medical Cannabis (2008-2017)
3.1.3 Increasing Licensed Producers in Canada
Table 24: Number of Licenses Granted (2013-2016)
3.1.4 Technology Advancement
3.1.5 Pricing due to High Energy Consumption
3.1.6 Growth of Vaporizer Industry
3.1.7 Increasing Business Sophistication
3.1.8 Large Base of Consumers
3.1.9 Rising Business Opportunities
3.2 Key Trends & Developments
3.2.1 Cannabis as Health Treatment
Table 25: Evidence for Prescribing Medical Cannabis (2016)
3.2.2 Increasing Investment
3.2.3 Innovative Product Development
3.2.4 Increasing Consumption among Aged
Table 26: Age Group of Cannabis Consumer (2017*)
3.2.5 National Expansion and Brand Growth
3.3 Challenges
3.3.1 Trump Card
3.3.2 Banking and Financial Services
3.3.3 Schedule 1 Classification
3.3.4 Unfavorable Tax Rates
3.3.5 Lack of Federal Support
3.3.6 Use of Pesticides
3.3.7 Legal Issues
4. Competitive Landscape
4.1 Financial Comparison of Key Players
Table 27: Financial Comparison of Key Players (2016)
5. Company Profiles
5.1 American Cannabis Company
5.1.1 Business Overview
Table 28: American Cannabis Company Revenue by Segment (2016)
5.1.2 Financial Overview
Table 29: American Cannabis Company Revenue and Net Income (2013-2016)
5.1.3 Business Strategies
5.2 mCig, Inc.
5.2.1 Business Overview
Table 30: mCig, Inc. Revenue by Segment (2017)
5.2.2 Financial Overview
Table 31: mCig, Inc. Revenue and Net Income (2013-2017)
5.2.3 Business Strategies
5.3 GreenGro Technologies, Inc.
5.3.1 Business Overview
5.3.2 Financial Overview
Table 32: GreenGro Technologies, Inc. Revenue and Net Income (2013-2016)
5.3.3 Business Strategies
5.4 Mentor Capital, Inc.
5.4.1 Business Overview
Table 33: Mentor Capital, Inc. Revenue by Segment (2016)
5.4.2 Financial Overview
Table 34: Mentor Capital, Inc. Revenue and Net Income (2012-2016)
5.4.3 Business Strategies

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