Legal Cannabis Market Size, Share, By Source (Flowers, Seed oil, others), By Compound (Tetrahydrocannabinol, Cannabidiol, Balanced THC & CBD), By Product (Cannabis Oil, Cannabis Beverages, Cannabis Chocolates & Gummies, Others) By Application (Medical, Scientific, Industrial, and Horticultural purposes) and Region - Trends, Analysis and Forecast till 2034

Report Code: PMI543424 | Publish Date: July 2024 | No. of Pages: 185

Legal Cannabis Market Share

The Legal Cannabis Market is segmented by region into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. 

 North America presently leads the pack because of early legalization and comparatively light laws in nations like Canada and several US states. This has created a mature market with many products and a loyal customer base.

Strict laws continue to be the main barrier to this market. A few European nations are gradually removing these restrictions, with a focus on legalizing medicinal marijuana. However, this may pave the way for a rapid expansion of the market in the coming years, driven mainly by Germany and the UK.