Insight On The Growth Of Legalized Cannabis Market Growth With Standa Legalized Cannabis Market

Insight On The Growth Of Legalized Cannabis Market Growth With Standardization, 
Competitive Market Share till 2027 

With   reference   to   the   latest   market   forecast   report   published   by   Transparency   Market  
Research,   on   the   title   ‘Legalized   Cannabis   Market:   Global   Industry   Analysis   and  
Opportunity   Assessment   2018-2027’,   revenue   generated   from   the   global   ​ legalized  
cannabis   market   ​ has   been   estimated   to   be   valued   around   US$   19.96Bn   in   2018,   which  
is   projected   to   increase   at   a   CAGR   of   17.2%   to   US$   81.4Bn   in   2027,   during   the   forecast  
period (2018-2027). 
Target Segments for Legalized Cannabis 
The   global   legalized   cannabis   market   is   segmented   on   the   basis   of   end   use,   form,  
product,   compound,   and   region.   On   the   basis   of   end   use,   the   legalized   cannabis   market  
is   segmented   into   medicinal   and   recreational   cannabis.   The   recreational   end   use   is  
anticipated   to   account   for   a   value   share   of   52.3%   in   the   year   2018   owing   to   increasing  
number   of   countries   legalizing   cannabis,   and   growing   demographics   of   youth   inclined  
towards consuming cannabis. 
On   the   basis   of   product   type,   the   market   for   legalized   cannabis   is   categorized   into  
cannabis   herb   and   cannabis   resin.   Cannabis   herb   is   expected   to   dominate   the   product  
type   segment   with   a   market   share   valued   at   73.8%   in   2018.   The   legalized   cannabis  
market   is   further   bifurcated   on   the   basis   of   form   into   whole   and   processed   segment.  
The   raw   cannabis   market   is   expected   to   register   a   fuelling   CAGR   of   17.4%   over   the  
forecast period. 
On   the   basis   of   compound,   the   legalized   cannabis   market   is   divided   into   THC   dominant,  
CBD   dominant,   and   balanced   THC   &   CBD.   The   THC   dominant   cannabis   is   anticipated   to  
account   for   more   than   50%   value   share   of   the   global   legalized   cannabis   market   on   the  
basis of compound. 
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Target Geographies for Legalized Cannabis