Insight On The Growth Of Legalized Cannabis Market Growth With Standa Legalized Cannabis Market | Page 2

The   report   for   the   legalized   cannabis   market   has   been   segmented   into   North   America,  
Asia   Pacific,   Europe,   Latin   America,   and   Middle   East   &   Africa.   North   America   constitutes  
63.1%   of   the   market   share   for   legalized   cannabis   market   in   the   year   2018.   The   region   is  
anticipated   to   register   a   bolster   CAGR   of   18.2%   over   the   forecast   period.   Legalized  
cannabis   is   gaining   market   traction   in   North   America   due   to   escalating   demand   among  
consumers and increasing legalized cannabis for medical and recreational uses. 
Besides,   high   private   and   public   investment   for   research   and   the   development   of   safer  
forms   of   legalized   cannabis   for   consumption   such   as   oils,   vapes,   and   tinctures,   and  
other   edibles   are   anticipated   to   positively   reinforce   market   growth   in   the   North   America.  
Besides,   globally   medicinal   cannabis   is   witnessing   a   growing   demand   and   countries   are  
rapidly   in   surge   of   legalizing   the   medical   usage   of   cannabis   which   is   expected   to  
increase the legalized cannabis multiple folds over the forecast period. 
Countries   are   moving   towards   legalization   of   cannabis   for   recreational   purposes   to  
prevent   illegal   usage,   trafficking,   and   crime,   this   in   turn   is   expected   to   thrust   the   growth  
of   recreational   cannabis.   The   ease   of   availability   of   recreational   cannabis   along   with   the  
lengthy   purchase   and   approval   process   for   medical   cannabis   prescription   is   expected   to  
trigger this change and boost recreational cannabis market. 
Explore Transparency Market Research’S Award-Winning Coverage of the Global Food 
and Beverages Industry @ 
https://www.globenewswire.com/news-release/2019/09/09/1912605/0/en/Increasing
-Consciousness-about-Ingredients-used-in-Food-Products-Created-Growth-Opportuni
ty-in-Prebiotic-Ingredients-Market-Says-TMR.html 
Global Legalized Cannabis Market: Competition Dashboard 
TMR   has   profiled   the   most   prominent   companies   which   are   active   in   the   global  
legalized   cannabis   market,   such   as   Medical   Marijuana   Inc.,   Aphria,   Inc.,   CannTrust  
Holdings,   Inc.,   Tilray,   Inc.,   Aurora   Cannabis   Inc,   Terra   Tech   Corp.,   Cronos   Group   Inc.,  
VIVO   Cannabis   Inc.,   STENOCARE,   The   Supreme   Cannabis   Company,   Inc.,   Cannabis  
Science   Inc.,   Wayland   Group   Corp.,   OrganiGram   Holdings   Inc,   and   Canopy   Growth  
Corporation 
Key Activities by Major Players of Legalized Cannabis Market 
● In February 2019, Tilray, Inc. acquired Natura Naturals Holdings Inc., a cannabis 
cultivating company. The acquisition was aimed to boost the company’s capacity 
to supply legalized cannabis products over Canada.