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Legal Marijuana Market to Observe Prominent CAGR of 21% by 2030, Size, Share, Trends, Demand, Growth, Challenges and Competitive Outlook

Legal Marijuana Market

Legal Marijuana Market

Data Bridge Market Research analyses that the legal marijuana market, which was USD 27.7 billion in 2022, would rise to USD 127.49 million by 2030 and is expected to undergo a CAGR of 21% during the forecast period 2023 to 2030.

Market Definition:
Marijuana signifies the dried leaves, stems, flowers, and seeds from the sativa or indica plant. It is also commonly known as . This plant is generally used as a recreational drug for numerous diseases. The legality of marijuana for recreational and medical is being done across many regions concerning its cultivation, possession, and distribution.

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VIVO Inc. (Canada), Dr. Hemp Me. (Ireland), QC Infusion (U.S.), Hemp Production Services (Canada), Green Roads (U.S.), Royal (U.S.), CV Sciences, Inc. (U.S.), Gaia Herbs Farm (U.S.), SPRING CREEK LABS (U.S.), Isodiol International Inc (Canada), Medical Marijuana, Inc. (U.S.)

Competitive Landscape and Legal Marijuana Market Share Analysis:
The legal marijuana market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to legal marijuana market.

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About Data Bridge Market Research:
An absolute way to predict what the future holds is to understand the current trend! Data Bridge Market Research presented itself as an unconventional and neoteric market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are committed to uncovering the best market opportunities and nurturing effective information for your business to thrive in the marketplace. Data Bridge strives to provide appropriate solutions to complex business challenges and initiates an effortless decision-making process. Data Bridge is a set of pure wisdom and experience that was formulated and framed in 2015 in Pune.

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