Legal Cannabis Market Size, Trends and Industry Growth Outlook 2023-2028
How Big is the Legal Cannabis Market ? The global legal cannabis market size reached US$ 20.7 Billion in 2022 . Looking forward, IMARC Group expects the market to reach US$ 74.5 Billion by 2028 , exhibiting a growth rate (CAGR) of 23.9% during 2023-2028. What is legal cannabis? Legal cannabis refers to the cultivation, distribution, possession, and consumption of the cannabis plant and its derivatives within a regulatory framework established by governing authorities. It consists of a psychoactive compound, delta-9-tetrahydrocannabinol (THC) and a non-psychoactive compound, cannabidiol (CBD). It is employed for medicinal uses for pain management, anxiety reduction, appetite stimulation, and treatment for conditions including epilepsy and multiple sclerosis. It is also used for recreational purposes for its psychoactive effects, leading to relaxation, altered perception, and euphoria. Request a PDF Sample for more detailed market insights: https://www.imarcgroup.com/l...