Medical Marijuana Market to reach a Revenue of US$ 76.5 Bn by 2031 at a CAGR of around 14.8% – World News ReportPosted by On


Medical Marijuana Market 2022

Medical Marijuana Market 2022

Medical Marijuana Market Segmented By Dried Form, Extract Form for Pain management, Seizures in Retail Pharmacy and E-Commerce

NEW YORK, UNITED STATES, July 25, 2022 /EINPresswire.com/ — Medical Marijuana 2022

According to a recent study by Persistence Market Research, the global Medical Marijuana Market is expected to witness high growth at a CAGR of around 14.8% and reach a Revenue of US$ 76.5 Bn by 2031.

Medical marijuana is derived from the Cannabis sativa plant. The three major active compounds of the plant are tetrahydrocannabinol, cannabidiol, and cannabinol. Medical marijuana has various applications in the healthcare and therapeutic field, including treatment or managing pain, treating nausea, muscle spasms, managing anxiety, multiple sclerosis, low appetite, sleep problems, and many others.

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Other factors driving demand for medical marijuana include the ability to manage or treat insomnia and epilepsy. According to healthcare specialists, medical marijuana is an effective option to manage sleep-related problems because it restores a person’s natural sleep cycle that changes due to today’s modern lifestyle.

Medical marijuana is also known for its strong anti-inflammatory properties. It can treat…

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