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North America Dominance and Global Expansion in the Legal Marijuana Industry
A regional analysis confirms that North America (the U.S. and Canada) remains the engine of the Legal Marijuana industry, often accounting for over 70% of global revenue due to established recreational and medical frameworks in numerous U.S. states and federal legalization in Canada. The U.S. is the primary driver of sheer revenue, with new state markets (like New York, New Jersey, and potentially others) constantly coming online and fueling massive short-term sales spikes.
However, the Asia-Pacific (APAC) and Europe regions are the key long-term growth accelerators in terms of Compound Annual Growth Rate (CAGR). European growth is driven by national medical programs (e.g., in Germany and the UK) and a slow, but steady, move toward potential adult-use pilots (e.g., in the Netherlands and Germany). The APAC region, starting from a very low base, is seeing decriminalization and medical legalization in countries like Thailand and Australia, creating new export opportunities and significant potential future demand. This geographic expansion and regulatory shift are key indicators of the global trajectory of the Legal Marijuana industry (as analyzed in global forecasts: https://www.marketresearchfuture.com/reports/legal-marijuana-market-4656).
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