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For comprehensive understanding of market dynamics, the global
Legalized Cannabis market is analyzed across key geographies namely: North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the market
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The market factors explained in the report:
Market Overview: It includes Legalized Cannabis Market study scope, top key players, segments, market analysis by application, market analysis by type, and other chapters that give an overview of the research study.
Legal Marijuana Market Size Worth $84.0 Billion By 2028 | CAGR: 14.3%: Grand View Research, Inc.
SAN FRANCISCO, April 20, 2021 /PRNewswire/ The global legal marijuana market size is expected
to reach USD 84.0 billion by 2028, according to a new report by Grand View Research, Inc. This market is expected
to expand at a CAGR of 14.3% from 2021 to 2028. Increased legalization of marijuana for medical and adult-use and the growing adoption of these products for the treatment of chronic diseases are the key factors driving the market for legal marijuana.
Key suggestions from the report:
Based on marijuana type, the adult-use segment accounted for the largest share of 60.3% in 2020 owing to high demand among millennials and patients who do not qualify for medical cannabis
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The Global Cannabidiol Market is estimated to be USD 2.3 Bn in 2020 and is expected to reach USD 5.37 Bn by 2025, growing at a CAGR of 18.5%.
Market Dynamics
The antibiotic and analgesic effects & properties present in Cannabidiol, which can be used to treat a variety of ailments such as anxiety, nausea, stress, chronic pain, neurological conditions, and seizures, are likely to contribute to the growth of the market.
Growing medical applications of CBD, growing R&D in medical cannabis, and increasing product adoption and utilization due to government approvals bolstered the market growth for Cannabidiol. Changing regulatory landscape and legalization for approval of CBD-based products globally is also expected to propel the market growth.
/PRNewswire/ The "Cannabidiol - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com s offering. Global Cannabidiol Market.