Legal Marijuana Market (Medical & Recreational) with Focus on US & Canada: Industry Analysis: (2017-2021)

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Industry Research by Koncept Analytics
Legal Marijuana Market (Medical Recreational)
with Focus on US Canada Industry Analysis
-----------------------------------------
(2017-2021)
December 2017
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Executive Summary
Cannabis, also known as marijuana, is a family of
plants called Cannabaceae. There are more than
700 varieties of cannabis that have been
described so far. Based on characteristics such
as shape, color, height, smell, it is usually
recognized by two main types Cannabis Sativa, a
native of the Western Hemisphere and Cannabis
Indica, a native of Central and South
Asia. Marijuana/Cannabis is mostly used as
recreational and medicinal drug. Cannabis as a
medicine can be found in the ancient Chinese
tradition several thousand years ago. The
indications showed various therapeutic
applications, such as malaria, rheumatic pains,
constipation, reproductive system disorders and
others. Medical cannabis refers to cannabis and
its cannabinoid components, such as
tetrahydrocannabinol (THC) and cannabidiol (CBD),
which are used as treatments for treating
diseases or alleviating the symptoms of these
diseases. 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,
eight states have legalized recreational
marijuana use, and 29 states allow marijuana use
for medical purposes in the US. These changes in
state laws have helped the growth of the cannabis
industry. The key factors driving the growth of
the marijuana/cannabis market are technological
advancement, premium pricing due to high energy
consumption in marijuana production, changing
peoples attitude toward marijuana use and
growing business opportunities, increasing
business sophistication, large base of potential
cannabis consumers, medical cannabis on the rise,
increasing licensed producers and the growth of
the vaporizer industry. Some of the trends and
developments of this industry include national
expansion brand growth, cannabis as healthcare
treatment and innovative product development.
However, the expansion of marijuana/cannabis
market is hindered by legal issues, unfavorable
taxes, lack of federal support, lack of banking
and financial services and pesticides use
issues. The report Legal Marijuana Market
(Medical Recreational) with Focus on US
Canada Industry Analysis (2017-2021) 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.
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Use of cannabis/marijuana as health treatment and
rising technological advancement supported the
growth of legal marijuana market.
The US Legal Marijuana Market Forecast by Value
(2016-2021)

• The US legal marijuana market is expected to
  reach US.... billion in 2021, increasing from
  US... billion in 2016, recording growth at a
  CAGR of for the period spanning 2016-2021.
• The total market for marijuana in Canada was
  recorded at US.... million in 2016 and is
  estimated to rise to US... million in 2021,
  recording CAGR of . for the period spanning
  2016-2021.
• In 2016, California accounted for . of the
  total legal medical sale of marijuana followed by
  Michigan and Colorado with a share of and
  respectively.

Canada Marijuana Market Forecast by Value
(2016-2021)
The US Medical Marijuana Medical Sales by Region
(2016)
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Changing attitude of people and increasing
licensed producers of marijuana will drive legal
marijuana market in the US and Canada
Colorado Marijuana Market Forecast by Type
(2016-2021)

• The legal sale of recreational marijuana in
  Colorado is expected to reach US... million,
  increasing from US... million in 2016, recording
  growth at a CAGR of for the period spanning
  2016-2021. Also, marijuana for medical use is
  projected to reach US... million in 2021,
  increasing from US... million in 2016.
• The marijuana market in Washington is expected to
  grow to US... million in 2021, increasing from
  US... million in 2016, growing at a CAGR of
  for the period spanning 2016-2021.
• In Colorado, the sale of flower marijuana
  accounted for share in 2016, followed by
  concentrates and edibles which accounted for
  and of total marijuana sale. Pre-rolled
  marijuana constituted of total sales in
  Colorado.

Washington Marijuana Market Forecast by Value
(2016-2021)
Colorado Marijuana Sales by Ingestion Method
(2016)
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