DUBLIN–(Small business WIRE)–Sep 19, 2019–
The “Legal Marijuana Market place by Item Variety (Buds, Cannabis Extracts), Species (Sativa, Indica), Strains (THC, CBD), Acquire Channel, Application (Healthcare, Recreational), Finish-Use Industries, and Geography – Worldwide Forecast to 2025” report has been added to ResearchAndMarkets.com‘s supplying.
The international legal marijuana industry is anticipated to attain $75.six billion by 2025, at a CAGR of 28.three% throughout the forecast period of 2019 to 2025.
The development in this industry is primarily attributed to the rising legalization of marijuana, increasing medicinal applications of marijuana, and increasing geriatric population who are in the require of therapy for chronic ailments. Even so, higher expense and strict guidelines and regulations relating to production, distribution, sales, and possession of legal marijuana obstruct the development of this industry to some extent.
Geographically, the international legal marijuana industry is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. The North America area is estimated to dominate the international legal marijuana industry in 2019. The big share of this area is primarily attributed to legalization of cannabis in quite a few states in the U.S., and in Canada, altering people’s attitude toward marijuana use, big base of possible marijuana shoppers in the area, increasing acceptance towards marijuana use for each health-related and recreational purposes, and rising investment by marijuana producers in the area.
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