Dublin, Oct. 04, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Legal Marijuana Market 2016-2020" report to their offering.

The global legal marijuana market to grow at a CAGR of 37.38% during the period 2016-2020.

The report covers the present scenario and the growth prospects of the global legal marijuana market for 2016-2020. To calculate the market size, the report considers the revenue generated from legal sales of marijuana. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The cannabis market is set to undergo major changes with the ongoing digitization trend in business processes and its impact on corporate business models. Many vendors are using the internet to reach a large number of targeted audience through online and mobile advertisements. In addition, several new start-ups are launching their mobile apps to reach remotely located customers. For instance, Nestdrop is a mobile app which delivers medicinal cannabis to the customers within a specific period depending on the delivery specifications. The introduction of such technologies has increased the vendor's reach, impacting the market positively.

The growth of the marijuana market has significantly increased the revenue for dispensary owners as well as cultivators and governments. In addition, the growing popularity of marijuana for recreational purpose is increasing the market competition and business opportunity for several vendors. Ancillary businesses such as cannabis oil market, hookahs parlor, bubblers, volcano vaporizers and percolated bongs, THC-infused ice cream, and brownies are also profiting from the growing legal marijuana market.

Further, the report states that the population near the commercial markets where marijuana is available will be exposed to use, misuse, and abuse of the substance, adversely affecting the health and life of the users. Legalizing marijuana for recreational use further exposes children and non-smokers to the passive consumption. Protection of laborers working in the marijuana farm is another major challenge the market faces.

Key vendors

• American Cannabis
• Canopy Growth
• GreenGro Technologies
• mCig
• Mentor Capital
• Terra Tech
• United Cannabis

Other prominent vendors

• Aphria
• Cannabis Sativa
• Cannabis Science
• Cannabrand
• Chuma Holdings
• MedMen
• Meadow
• MJIC
• Monarch America
• Natural Cannabis
• Novus Acquisition & Development
• Oregon Green Seed
• Organigram
• Origin Cannabis
• Potbotics
• Privateer Holdings
• Willie's Reserve

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Legal marijuana versus alcohol and tobacco
- Influence of alcohol and tobacco consumption on marijuana market

PART 06: Market landscape
- Cannabis industry structure in US
- Market overview
- Five forces analysis

PART 07: Market segmentation by usage
- Global marijuana market by usage
- Global legal marijuana market by medicinal use
- Global legal marijuana market by recreational use

PART 08: Market segmentation by consumption
- Global legal marijuana market by consumption
- Global legal marijuana market by solid edibles
- Global legal marijuana market by inhalation
- Global legal marijuana market by liquid edibles
- Global legal marijuana market by topicals

PART 09: Geographical segmentation
- Global legal marijuana market by geography
- Legal marijuana market in Americas
- Legal marijuana market in EMEA
- Legal marijuana market in APAC

PART 10: Key leading countries
- Key leading countries in global legal marijuana market
- Top 10 countries in legal marijuana market

PART 11: Market drivers

PART 12: Impact of drivers

PART 13: Market challenges

PART 14: Impact of drivers and challenges

PART 15: Market trends

PART 16: Vendor landscape
- Competitive scenario
- American Cannabis
- Canopy Growth Corporation
- GreenGro Technologies
- mCig
- Medical Marijuana
- Mentor Capital
- Terra Tech
- United Cannabis Corporation
- Other prominent vendors

PART 17: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/w4ggfg/global_legal