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The global legal cannabis market size is estimated to grow by USD 100.61 billion, at a CAGR of 28.85% between 2023 and 2028. The market's growth rate hinges on several key factors. Firstly, the rising number of countries decriminalizing and legalizing cannabis is significantly boosting market expansion. Secondly, the growing purchasing power of millennials in the cannabis industry is driving demand, particularly in the recreational and medicinal sectors. Additionally, the increasing awareness and acceptance of the health benefits of medical cannabis are propelling market growth. These factors, combined with evolving regulatory landscapes and shifting societal attitudes, are creating a robust environment for marijuana to flourish. Consequently, the interplay of legalization, consumer power, and health consciousness is expected to sustain the market's upward trajectory. North America dominated the market during the forecast period. Key countries contributing to the market growth include the US, Canada, the UK, Germany, and Australia. Several factors play a crucial role in the market's growth, such as the number of countries decriminalizing and legalizing cannabis is rising, fueled by the growing purchasing power of millennials in the industry, and the recognized health benefits of medical cannabis.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Derivative Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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