#MarijuanaMarket

[market-insider]

Legal Marijuana Market: Investment Strategies and Financial Outlook

The global legal marijuana market size is expected to reach USD 102.24 billion by 2030, according to a new study by Grand View Research, Inc. The market is expected to expand at a CAGR of 25.7% from 2024 to 2030. Increase in rate of legalization of marijuana for medicinal and adult-use/recreational marijuana, growing adoption of these products for the treatment of chronic ailments and rise in a number of new product launches are the primary factors responsible for the growth of the market. For instance, in March 2023, Irwin Naturals Inc., a herbal supplement formulator, introduced company's’ new CBD 25mg Softgels in Canada. It is available through the Starseed Medicinal Medical Group platform across the nation.

Legal Marijuana Market Report Highlights

By application, medical segment accounted for the largest revenue share of 79.1% in 2023 owing to the high demand among healthcare practitioners and patients for medicinal marijuana.

By product type, oil and tinctures held the largest market share in 2023 owing to low price and ease of accessibility of flowers compared to other products.

In 2023, North America dominated the overall market with a revenue share of 76.0% owing to its large consumer base, North America was among the first regions to legalize the use of medical and recreational cannabis. 

For More Details or Sample Copy please visit link @: Legal Marijuana Market Report

In April 2022, New Jersey legalized recreational and medical marijuana, and it is being sold at 13 facilities. This move has made New Jersey one of the 18 states in the United States where recreational marijuana is legal. The market is experiencing growth due to the widespread acceptance of cannabis and its high demand. Since its legalization, the use of marijuana in medical treatments has increased, leading to a decrease in the illegal trade of cannabis. According to a study conducted by New York University, the usage of cannabis among individuals aged 50-64 has doubled in the last decade and has now reached 9.0%.

Moreover, price of legal marijuana is lower than medical marijuana, and taxes would be levied on marijuana products after its legalization. Therefore, cultivators are focusing on cultivating marijuana in areas that are exempt from taxes. For instance, in New York, marijuana cultivators are focusing on tribal regions to get exempted from the taxes levied by the government. This is expected to lower the overall cost of cultivation of marijuana in the state, and cultivators can sell marijuana at lower prices. Lower prices of marijuana are further anticipated to boost the adoption of marijuana in the market.

List of major companies in the Legal Marijuana Market

Canopy Growth Corporation

AURORA CANNABIS INC.

Tilray Brands Inc. (Aphria, Inc.)

ABcann Medicinals, Inc. (VIVO Cannabis Inc.)

The Cronos Group

MARICANN INC.

Organigram Holdings Inc.

Lexaria Bioscience

GW Pharmaceuticals (Jazz Pharmaceuticals, Inc.)

For Customized reports or Special Pricing please visit @: Legal Marijuana Market Forecast Report

We have segmented the global legal marijuana market on the basis of application, product type, and region.

Legal Marijuana Application Outlook

Medical

Adult Use

Legal Marijuana Product Type Outlook

Flower

Oil & Tinctures

Legal Marijuana Regional Outlook

North America

Europe

Asia Pacific

Latin America

Middle East and Africa (MEA)

Research Methodology

We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

Contact:

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll-Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Explore Horizon, the world's most expansive market research database

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[marijuanabusines]

Marijuana Market Drops Product Review

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[kinkykushbox]

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[dojamarketing]

Marketing a Cannabis Dispensary in 2017

Promoting a cannabis product in 2017 is no small feat… Marijuana is now legal in most of North America, however platforms like Google and Facebook do not allow buying ads for marijuana businesses .

Pay-Per-Click Advertising

We have figured out PPC advertising for this fickle industry. Having launched a slough of winning campaigns on FB for our customers by means of FB Live video and sponsored posts!

Marijuana Search Engine Optimization

Doja Marketing are Ninjas of SEO!

When a potential customer looks to Google for a pot shop, there will be zero ads that appear among the results. The dispensary that is ranking for the related keywords is getting all of the traffic. This is hot traffic that is ready to buy, and become a customer.  

The best thing about Search Engine Optimization is that it is a long term strategy, and one that will provide an undeniable increase in your business. When you have secured your spot at the top, you can step back, and squash any competition that comes along.

Summary

Right now is the best time to get on the train, and secure your dispensary’s online authority in this rapidly growing industry… Before it gets crazy competitive!

For more info on Cannabis Industry Search Engine Optimization, please check out our website at http://dojamarketing.com.

[grizzlemedia-blog]

Ontario Consults Public on Improving Cannabis Market

The Ontario government has launched a public consultation process to gauge feedback on how to provide the province’s cannabis consumers with greater choice. #ontario #marijuana Read the full article

[marijuanabusines]

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[sanketsolankiposts-blog]

Marijuana refers to the dried leaves, flowers, stems, and seeds from the hemp plantCannabis sativa. There are 2 main active chemicals in Marijuanacannabidiol (CBD) and tetrahydocannabinol (THC), which impact the brain and relieve the pain, respectively. Marijuana provides pain relief in conditions such as fibromyalgia, grand mal seizures, and other medical conditions. Similarly, it reduces symptoms of many serious medical conditions such as AIDS, cancer, and glaucoma.

[420media]

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