Global Medical Marijuana Market Size and Forecast to 2025


Posted March 18, 2019 by amolsanap

According to Verified Market Intelligence, The Global Medical Marijuana Market was valued at USD 3.51 Billion in 2019 and is projected to reach USD 19.66 Billion by 2025, growing at a CAGR of 24% from 2018 to 2025.

 
According to Verified Market Intelligence, The Global Medical Marijuana Market was valued at USD 3.51 Billion in 2019 and is projected to reach USD 19.66 Billion by 2025, growing at a CAGR of 24% from 2018 to 2025.

Marijuana is also known as cannabis or cannabinoids, obtained from fruiting or flowering tops of the cannabis plant from which the resin has not been removed. Medical marijuana is referred to as the basic extracts or whole unprocessed marijuana plant that is used to treat certain illness or medical conditions. Due to the lack of efficient large-scale clinical trials, marijuana has not been recognized as medicinal by the Food and Drug Administration (FDA). Cannabis plant comprises of about 104 different cannabinoids and around 750 different chemicals such as CBD (cannabidiol), CBN (cannabinol) and THC (delta-9-tetrahydrocannabinol).



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Increase in the number of countries approving the use of the product for therapeutic application, increasing geriatric population in need of treatment for chronic diseases, and rising number of medical marijuana clubs have been driving the global Marijuana Market. On the other hand, increasing recreational and personal use of marijuana and strict regulatory laws act as potential restraints for the overall market at a global level.

The “Global Medical Marijuana Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as GW Pharmaceuticals PLC, MedReleaf Corporation, Canopy Growth Corporation, Aphria Incorporation, Aurora Cannabis Inc, Medical Marijuana, Inc., Green Relief Inc., Cannabis Sativa, INC., Insys Therapeutics, Inc., and The Peace Naturals Project..Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.



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Issued By VMR
Country United States
Categories Advertising , Agriculture , Business
Tags Medical Marijuana Market
Last Updated March 18, 2019