1. Market Research
  2. > Leisure
  3. > Marijuana Market Trends

Legal Marijuana Market (Medical & Recreational) with Focus on US & Canada: Industry Analysis (2016-2020)

  • November 2016
  • 62 pages
  • Koncept Analytics
Report ID: 4394709

Summary

Table of Contents

Search Inside

Cannabis, also known as marijuana, belongs to a family of plants called Cannabaceae.

There are over 700 varieties of cannabis, which have been described till date. Based on characteristics such as shape, color, height, smell, it is usually recognized by two main types: Cannabis Sativa, which originated in the Western hemisphere and Cannabis Indica, which originated in Central and South Asia.

The report “Marijuana Market” 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.

The key factors driving the growth of the marijuana/cannabis market are technological advancement, premium pricing due to high energy consumption in marijuana production, rising social acceptance of marijuana and growing business opportunities, increasing business sophistication, large base of potential cannabis consumers, medical cannabis on the rise, growing popular support in cannabis market and the growth of the vaporizer industry. Some of the noteworthy trends and developments of this industry are national expansion & brand growth, emergence of large grow, banking & financial services, cannabis as healthcare treatment and innovative product development. However, the expansion of marijuana/cannabis market is hindered by legal issues.

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, four states as well as the District of Columbia have legalized recreational marijuana use, and 23 states allow marijuana use for medical purposes. These changes in state laws have helped the growth of the cannabis industry. The new and revised laws show that people are finally starting to realize that this drug can have legitimate uses.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Global CBD Oil Market 2017-2021

  • $ 3500
  • Industry report
  • September 2017
  • by Infiniti Research Limited

About CBD Oil Cannabidiol (CBD) is one of the hundreds of cannabinoids found in the Cannabis sativa plant. CBD oil can be derived from two different species of cannabinoids: marijuana and hemp. The Americas ...

GLOBAL MEDICAL MARIJUANA MARKET 2017-2027

  • $ 3247
  • Industry report
  • August 2017
  • by Visiongain

Chronic Pain, Arthritis, Migraine, Cancer, National Markets, Patent Analysis, Leading Companies Report Details The global medical marijuana market was valued at $12bn in 2016 and is projected to grow at ...

Top 5 Global Growth Industries in 2017 - Examining the market drivers, opportunities and risks

  • $ 1495
  • Industry report
  • August 2017
  • by MarketLine

Top 5 Global Growth Industries in 2017 - Examining the market drivers, opportunities and risks Summary In the world economy, the forces of growth and prosperity are complex and ever changing. New engines ...


ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.