Incredible Growth Of Medical Cannabis Market 2026 Growing With Major Eminent Key Players

Medical Cannabis Market GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK,
AND OPPORTUNITY ANALYSIS, 2018-2026
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REPORT DESCRIPTION
Medical Cannabis Market – Overview
According to the U.S., marijuana was the most widely used drug globally in 2014 with around 183 million users. Such a large user base
makes it highly lucrative taxable opportunity, which is influencing various governments worldwide to initiate studies regarding
legalization of the drug for medicinal use. The National Institute on Drug Abuse is conducting research on cannabis (marijuana) to treat
numerous diseases and conditions such as autoimmune disease, pain, inflammation, seizures, mental disorders, and substance abuse
disorders. Regulatory compliance is a key factor that influences cost, quality, and safety of cannabis (marijuana) medicines, as well as the
capacity for the manufacturers in the medical cannabis market to be responsive, scalable, and innovative.
According to the Medical Marijuana, Inc., an estimated size of the legal marijuana industry in the U.S. was US$ 7.1 billion in 2016 with
increase of 25% Y-o-Y. In 2016, 28 states in the U.S. have legalized marijuana for medicinal purpose with some more gearing up for
votes on the recreational use of marijuana. California, Nevada, Maine, and Massachusetts states in November 2016, voted to legalize the
recreational use of marijuana. The accelerated pace of legalization of cannabis (marijuana) in the U.S. has attracted the attention of global
investors in the medical cannabis market. However, lack of formulation of a comprehensive law pertaining to medical marijuana in some
states inhibits patient access to the drug.
Legalization of medicinal cannabis in various economies is expected to drive the market growth
Some of the major factors driving growth of the market include increasing approval of medicinal cannabis products and increasing
research and development activities. For instance, in March 2017, a law that allows the use of cannabis plant was signed by the German
parliament. This would in turn allow the healthcare professionals to prescribe medicinal cannabis products to the patients suffering from
severe health issues such as chronic pain, vomiting, and nausea
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REPORT DESCRIPTION
Medical Cannabis Market Taxonomy:
By Point of Sale:
●
Dispensaries
●
Online Pharmacy
●
Hospital Pharmacy
By Active Ingredient:
●
Tetrahydrocannabinol (THC)
●
Cannabidiol (CBD)
By Therapeutic Application:
●
Pain
●
Arthritis
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REPORT DESCRIPTION
Medical Cannabis Market: Key Players
●
BOL Pharma*
●
Tilray.
●
Medreleaf Corporation.
●
Aurora Cannabis, Inc.
●
Canopy Growth Corporation.
●
Insys Therapeutics, Inc.
●
Aphria, Inc.
●
MGC Pharmaceuticals Limited.
●
GW Pharmaceuticals, plc
●
Medical Marijuana Inc.
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The global medical cannabis market is valued at US$ 3,520.7 million in 2017 and is expected to witness a CAGR of 24.4% over the forecast period (2017 – 2025). Increasing approval of medicinal cannabis products and growing research and development activities in the medical cannabis market are expected to support the growth of the market.

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