Cannabis Market Projected to Grow Rapidly to $xxB by 2031, Driven by Legalization and Medical Use
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Legalized Cannabis Market size estimated to reach $xx Billion by 2031, with xx% CAGR from 2023-2031.
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North America dominated the market in 2022, but Asia Pacific expected to grow at fastest rate during forecast period.
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Key players include VIVO Cannabis, OrganiGram Holding, Cannabis Science, Stenocare, The Green Organic Dutchman Holdings, etc.
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Major factors driving growth include legalization in more regions, growing medical applications, and increasing social acceptance.
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Market challenged by patchwork of regulations across regions, risks like driving safety, and stigma in some areas.