Legal Marijuana Market Size Worth $90.5 Billion By 2027 | CAGR: 21.2% |
                     Legal Marijuana Market
Set to Exceed $90.5 Billion by 2026 | CAGR 21.2%
Legal Marijuana Market Share, Size, Trends, Industry 
Analysis Report By Type (Medical, Adult Use); By Product 
Type (Buds, Oils, Tinctures), By Application (Medical 
(Chronic Pain, Mental Disorders, Cancer, Others), Industrial 
Hemp, Recreational), By Compound (Tetrahydrocannabinol 
(THC)-Dominant, Cannabidiol (CBD)-Dominant, Balanced 
THC & CBD), By Mode Of Delivery (Capsules, Concentrates, 
Edibles and Others); By Regions, Segments & Forecast, 
2020- 2027
Legal Marijuana Market Size Worth $90.5 Billion By 2027 | CAGR: 21.2% |
The global Legal Marijuana Market size is expected to be more than USD 90.5 billion by 2027 
according to a new study by Polaris Market Research. The report “Legalized Cannabis Market 
Share, Size, Trends, Industry Analysis Report By Type (Medical, Adult Use); By Product Type 
(Buds, Oils, Tinctures), By Application (Medical (Chronic Pain, Mental Disorders, Cancer, 
Others), Industrial Hemp, Recreational), By Compound (Tetrahydrocannabinol (THC)-
Dominant, Cannabidiol (CBD)-Dominant, Balanced THC & CBD), By Mode Of Delivery 
(Capsules, Concentrates, Edibles and Others); By Regions, Segments & Forecast, 2020 – 
2027” gives a detailed insight into current market dynamics and provides analysis on future 
market growth.
Increasing penetration of Legal Marijuana in applications other than recreational such as 
pharmaceuticals, and increasing medical prospects are some of the factors propelling the 
market growth. Legal Marijuana is being used for treating a wide variety of diseases 
including cancer, arthritis, neurological conditions, Parkinson’s diseases, among others and 
this factor is expected to propel market growth. Pain management therapies segment is 
witnessing rapid growth across the globe. This therapy is increasingly being used to treat 
elders suffering from chronic pain. Legal Marijuana are finding wide applications in pain 
management therapies due to their overall efficacy, easy availability and relatively low 
prices as compared to otheCrop ycrigohtu © nPotlaerisr Mpaarkert tRses earcnh d& C otnhsuiltsing  LtLrPe 2n018d. A lil sRi ghetsx Repservcedted to benefit the overall 2
Legalized Cannabis market growth over the forecast period.
Legal Marijuana Market
Type Product Application Compound Mode of Delivery By Region Type
 Medical  Buds  Chronic Pain  Tetrahydrocannabinol  Capsules  North America (U.S., 
 Adult use  Oils &  Mental Disorders (THC)-Dominant  Concentrates Canada, Mexico)
Concentrates  Cancer  Cannabidiol (CBD)-  Edibles  Europe (Germany, 
 Tinctures  Industrial Hemp Dominant  Others Italy, Netherlands, 
 Recreational  Balanced THC & CBD Croatia, Poland, 
 Others Czech Republic, 
Switzerland)
 Asia Pacific 
(Australia)
 Central & South 
America (Brazil, 
Colombia, Chile, 
Argentina, Uruguay)
Copyright © Polaris Market Research & Consulting LLP 2018. All Rights Reserved  Middle East & Africa 3
(Israel)
Legal Marijuana Market Estimate & Forecast to 2026
Many states in the U.S. have issued clear directives as well as regulations pertaining to the 
usage of Legal Marijuana. This has resulted in widespread generalization pertaining to its 
usage. Other states which have not yet drafted such regulations, are under constant 
pressure from advocate groups, associations, among others for doing the same. All in all, 
the advent of Legal Marijuana is set to have a long-term impact on the food & beverage 
industry in the country.
Access Research Report On Legal Marijuana Market  Size
Some of the major market participants include Cannabis Sativa, Inc., United Cannabis 
Corporation., Tikun Olam, Ltd., Tilray., Lexaria Corp., GW Pharmaceuticals, plc., Canopy 
Growth Corporation., Aurora Cannabis, Aphria, Inc, and Maricann Group, Inc. among others. 
Broadening of product portfolio, strong analysis of consumer buying behavior, and efforts 
taken to increase awareness regarding Legal Marijuana usage are some of the key industry 
scenarios. Companies often have to navigate through different regulations in different parts 
of the world and have ensure strict compliance to it prior launching their products. In 
countries such as the U.S., different regulations exist for different states.
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Legal Marijuana Market
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Polaris Market Research is a global market research and consulting company. The company 
specializes in providing exceptional market intelligence and in-depth business research services 
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