Legal Marijuana Market Trends Discussed by Koncept Analytics in Its New Topical Report Now Available at MarketPublishers.com09 Dec 2016 • by Natalie Aster
LONDON – Today, growth in the marijuana market is driven by technological advancement and innovations, high prices for marijuana given huge energy consumption in marijuana production, enhancing social acceptance of this plant, expanding business opportunities associate with marijuana industry, large potential consumer base, rising adoption for medical purposes, increasing popular support and also increase in the vaporizer industry. However, the marijuana market growth is considerably restrained by legal issues and norms.
Nowadays, despite the legalization of marijuana for medical purposes, there are some states, where it is legalized for recreational use for adults (who are 21 years old and older). For instance, in the US 4 states and the District of Columbia have legalized recreational marijuana use, while in 23 states the plant is used in medicine. These changes in state laws have given a positive impetus to the world’s marijuana market growth.
The cutting-edge report “Legal Marijuana Market (Medical & Recreational) with Focus on US & Canada: Industry Analysis (2016-2020)” provides an in-depth analysis of the legal marijuana market with a focus on the USA and Canada. It contains the market segmentation analysis, offers a detailed overview of marijuana uses, medical indications and benefits, adverse effects. Moreover, marijuana legalization models and cannabis testing technologies are canvassed in the report, too. The study focuses on the market dynamics, reviews the main growth drivers, hinders and challenges, emerging market trends and burning issues. It observes the competitive environment, includes granular profiles of key marijuana market participants (American Cannabis Company, mCig, GreenGro Technologies, Mentor Capital) and presents a future outlook through 2020.
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