The global medical marijuana market is expected to witness significant growth during the forecast period, owing to the tremendous growth in the legalization of cannabis all across the globe. Based on the distribution channel, the dispensaries sub-segment is predicted to be the most profitable. Regionally, the North America region is predicted to dominate the market.
/EIN News/ — New York, USA, June 29, 2022 (GLOBE NEWSWIRE) — According to a report published by Research Dive, the global medical marijuana market is envisioned to generate a revenue of $33,211.7 million and rise at a CAGR of 27.4% during the forecast period from 2019 to 2026.
As per our analysts, the increasing research in the development of a wide range of efficient therapeutic interventions for diseases by using cannabis is expected to foster the growth of the medical marijuana market during the analysis period. Besides, the extensive growth in the legalization of cannabis for various therapeutic applications such as pain management in cancer appetite stimulants, decreasing nausea, and many more, is expected to bolster the growth of the market over the forecast period. Moreover, the growing sanctions for marijuana all around the world and research and development activities by pharmaceutical companies for softening testing are predicted to create huge growth opportunities for the medical marijuana market during the estimated timeframe. However, the inadequate…
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