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Medical Marijuana Market Forecasts To 2026

The Global Medical Marijuana Market is forecast to reach USD 148.35 Billion by 2026, according to a new report by Reports and Data.

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Medical Marijuana Market Forecasts To 2026

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  1. Medical Marijuana Market To Reach USD 148.35 Billion By 2026 www.reportsanddata.com sales@reportsanddata.com

  2. Market Summary Medical application of marijuana as pain management in cancer, seizures, neurology, and muscle spasm will drive the market growth. Market Size – USD 11.70 Billion in 2018, Market Growth - CAGR of 26.4%, Market Trends – Legalization of marijuana in several countries. The Global Medical Marijuana Market is forecast to reach USD 148.35 Billion by 2026, according to a new report by Reports and Data.

  3. Our Approach Market Summary Marijuana is used for treating chronic pain that affects millions of people each year across the globe, thus increasing the demand for the product as a treatment procedure for medical conditions. Statistically, around 25 million people endure acute pain in the US. Moreover, several countries around the globe have made medical marijuana legal, i.e., it would allow people to use marijuana for health purposes; therefore, boosting the market for the medical marijuana market. Side effects of the products include dizziness, fatigue, speech problem, constipation, and insomnia will hamper the growth of the market. Additionally, lack of data safety and problem in undertaking medical marijuana business is also estimated to hinder the growth of the market. North America dominates the market of medical marijuana. The major contributors are the US and Canada. Many states in the U.S. have permitted the application of medical marijuana. Moreover, the growing number of research studies in the US, encouraging and supporting marijuana's use for medical purposes will supplement the North American medical marijuana market growth. Request for a sample of this research report @ https://www.reportsanddata.com/sample-enquiry-form/1413

  4. Our Approach Market Summary Further key findings from the report suggest Countries are beginning to liberalize laws related to medical marijuana; the market is forecasted to witness a surge in demand. Statistically, the majority of the cannabis, are currently, sold through illicit channels. Several countries have recognized the advantages of this product and are in the process of legalizing it. With a rise in the volume of clinical trials and scientific studies, the demand for cannabis for clinical use is forecasted to grow over the forecast period. Medical marijuana held a market share of 53% in the year 2018. Countries in North America have also started promoting derivatives such as oils, tinctures, and resins, along with products like vaporizers, among millennial’s who are considered primary consumers. The oil segment is forecasted to grow with the highest CAGR of 27.1% in the forecast period. Hemp oil is in high demand among healthcare sector for clinical purposes. Health concerns associated with smoking is another factor that stops doctors from prescribing it. Hence, oil or edible forms of marijuana are generally prescribed and are growing in demand. To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/medical-marijuana-market

  5. Our Approach Market Summary Key participants Canopy Growth Corporation, Aphria, Inc., Aurora Cannabis, Maricann Group, Inc., Tilray, Cronos Group, Organigram Holdings, Inc., Vivo Cannabis, Tikun Olam, Insys Therapeutics, Inc., MedReleaf Corporation, and GW Pharmaceuticals PLC. For the purpose of this report, Reports and Data have segmented into the global battery packaging market on the basis of type of battery, material, type of packaging, level of packaging, and region: Product Type Outlook (Revenue, USD Billion; 2016-2026) Oil Buds Tinctures Medical Application Outlook (Revenue, USD Billion; 2016-2026) Chronic Pain Mental Disorders Anorexia Seizures

  6. Our Approach Market Summary Route of Administration Outlook (Revenue, USD Billion; 2016-2026) Inhalation Oral Intravenous Topical Distribution Channel Outlook (Revenue, USD Billion; 2016-2026) Dispensaries Online Order Now: https://www.reportsanddata.com/checkout-form/1413 Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026) North America Europe Asia Pacific MEA Latin America

  7. Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com About Us Our Approach About Us

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