North America, Europe & Asia Pacific Legal Cannabis Markets,…Posted by On

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Dublin, Aug. 18, 2022 (GLOBE NEWSWIRE) — The ‘North America, Europe & Asia Pacific Legal Cannabis Market Size, Share & Trends Analysis Report by Source Type, by Derivatives, by End-use, by Region, and Segment Forecasts, 2022-2030’ report has been added to’s offering.
The North America, Europe, and Asia Pacific legal cannabis market size is expected to reach USD 89.9 billion by 2030 and is expected to expand at a CAGR of 25.3% from 2022 to 2030

As more individuals become aware of the medical benefits of hemp, marijuana, and its derivatives, and as these products become more generally available, acceptance is expanding. Another key factor boosting market expansion is the increased acceptance of medicinal marijuana for the treatment of chronic diseases.

Legalizing marijuana for adult use in many countries will assist in creating new job possibilities and add significantly to the economy. Tourism, real estate, finance, food, and transportation are just a few of the industries that will benefit from legalization. Manufacturers are facing challenges in setting up a functional and legalized channel for the development and trade of cannabis-derived products like cannabidiol due to the presence of strict laws.
The marijuana product segment led the market with a revenue share of over 70.0% in 2021. Marijuana for medical purposes is increasing in popularity as a result of recent…

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