Legal Marijuana Market Is Expected To Witness Prolific Demand and Reach US$ 93 billion by 2030, Globally

/EIN News/ — PUNE, India, Nov. 17, 2020 (GLOBE NEWSWIRE) — The Legal Marijuana – Global Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, business strategies, research & development activities, supply chain analysis, competitive landscape, and market composition analysis.

The Global Legal Marijuana Market was worth US$ 15.5 billion in 2019 and is expected to reach US$ 93 billion by 2030 at a CAGR of 17.8%. Marijuana is also termed as Cannabis, can be defined as a psychoactive drug made from an Indian hemp plant called Cannabis plant, is primarily used for recreational and medical processes. Since last few years legalization of using Marijuana for various medical processes is gaining momentum. This is expected to drive the growth of global market significantly. Marijuana is used to treat several medical concerns including a range of neurological conditions like epilepsy, depression,…

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