Global Marijuana Market was valued at USD 17.18 Billion in the year 2017. Global Marijuana Market is further estimated to grow at a CAGR of 22.91% from 2018 to reach USD 58.90 Billion by the year 2023. North America region holds the highest market share in 2017 and also considered as the fastest growing market in the forecasted period. At country level, developed markets like U.S, Canada holds a substantial market share in 2017 and it is projected to grow at a gradual pace in the coming years.

Canopy Growth Corporation (Canada), Medical Marijuana, Inc. (U.S), GW Pharmaceuticals, plc (U.K), United Cannabis (U.S), Cannabis Sativa, Inc. (U.S), GreenGro Technologies (U.S), Aurora Cannabis (Canada), CannaGrow Holdings, Inc. (U.S), Cara Therapeutics (U.S), GBSciences, Inc. (U.S), Lexaria Bioscience Corp. (Canada), Aphria (Liberty Health Sciences) (Canada), are some of the key players in the Marijuana Market with Canopy Growth Corporation holding the significant market share because of its better global presence both at production and at an operational level. Rising research and development expenses to address the changing demand of end users, similarly growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of the top players in the last 5 years.
Drivers:
Growing use of marijuana in medical industry
Restraints:
Stigma of marijuana in society
Opportunities:
Increasing demand in healthcare and pharmaceutical industry
Challenges:
Different government regulation in different countries
The Global Marijuana market is segmented on the basis of product types, application, usage and region. By Application, pain management is expected to hold the highest market share during the forecast period. On the other hand, by usage, medical usage holds highest market and also considered as fastest growing with highest CAGR during year 2018-2023.

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Key Benefits for Stakeholders
Marijuana Manufacturers, Marijuana Associations
Research and Consulting organization, Medical Associations
End use industries.

By Product Type
Oils
Cream
Tinctures
Powder
Pills
Others

By Application
Cancer
Arthritis
Alzheimer’s
Pain Management
Multiple Sclerosis
Others

By Usage
Medical Use
Recreational Use

By Region
North America
Europe
Asia-Pacific
RoW

Key Market Players
Canopy Growth Corporation
GW Pharmaceuticals, PLC
Medical Marijuana, Inc.
United Cannabis
Cannabis Sativa, Inc.
GreenGro Technologies
Aurora Cannabis
CannaGrow Holdings, Inc.
Cara Therapeutics.
GBSciences, Inc.
Lexaria Bioscience Corp.
Aphria (Liberty Health Sciences)
(Another brief information of 13 companies will be provided in report.)

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