Stay up to date with Medical Marijuana Market research offered by HTF MI. Check how key trends and emerging drivers are shaping this industry growth.
Photo by Martijn Baudoin on Unsplash
The 2023-2030 Global Medical Marijuana Market study with over 132 market data tables, pie charts, and figures is now released by HTF MI.
The research assessment of the market is designed to analyse futuristic trends, growth factors, industry opinions, and industry-validated market facts to forecast till 2029.
The Global Medical Marijuana Market was valued at US$ 9349.24 Million in 2023 and is expected to reach US$ 27279.49 Million by 2029, growing at a CAGR of 21.48% during 2023-2029.
The Medical Marijuana market refers to the sector of the cannabis industry that involves the cultivation, production, distribution, and sale of cannabis and cannabis-derived products for medical purposes.
Medical marijuana, also known as medical cannabis, involves the use of cannabis plants or their extracts to alleviate symptoms, manage medical conditions, and improve the quality of life for patients under the supervision of healthcare professionals.
Medical marijuana products contain specific cannabinoids, such as THC (tetrahydrocannabinol) and CBD (cannabidiol), which are believed to have therapeutic effects on various medical conditions.
These products can come in various forms, including dried flower, oils, capsules, tinctures, edibles, patches, and more.
The legalisation of medical marijuana in many regions has created a growing market that intersects both the healthcare and cannabis industries.