Global Legal Marijuana (Medical & Recreational) Market 2017-2021 with Focus on the US & Canada Markets – Research and Markets

December 19, 2017

DUBLIN–(BUSINESS WIRE)–The "Legal
Marijuana Market (Medical & Recreational) with Focus on US & Canada:
Industry Analysis: (2017-2021)" report has been added to Research
and Markets' offering.

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.

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.

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 people's 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 The key players in the industry, American Cannabis
Company, mCig, Inc., GreenGro Technologies, Inc. and Mentor Capital Inc.
are being profiled.

Key Topics Covered:

1. Marijuana Market Overview

2. Legal Marijuana Market

3. Market Dynamics

4. Competitive Landscape

5. Company Profiles

  • American Cannabis Company
  • GreenGro Technologies, Inc.
  • Mentor Capital, Inc.
  • mCig, Inc.

For more information about this report visit https://www.researchandmarkets.com/research/ts2mrm/global_legal?w=4

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Related
Topics: Analgesics