Medical Marijuana Market Size [2022 - 2030] To Reach USD 65.9 BillionPosted by rahul nikade on August 2nd, 2022 Medical Marijuana Industry Overview The global medical marijuana market size is expected to reach USD 65.9 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 21.6% from 2022 to 2030. It has been identified that, in 2016, Washington D.C. along with 28 states legalized marijuana for medical uses. In 2016, states such as Arkansas, Florida, North Dakota, Ohio, and Pennsylvania were approved to use the drug in medical applications such as chemotherapies and pain management. The growing number of states and countries getting approval for using it in therapeutic applications is one of the crucial factors driving the demand over the coming few years. Medical Marijuana Market Segmentation Grand View Research has segmented the global medical marijuana market by product type, application, and region: Based on the Product Type Insights, the market is segmented into Flower, Oil & Tinctures.
Based on the Application Insights, the market is segmented into Cancer, Chronic Pain, Depression and Anxiety, Arthritis, Diabetes, Glaucoma, Migraines, Epilepsy, Multiple Sclerosis, AIDS, Amyotrophic Lateral Sclerosis, Alzheimer’s Disease, Post-Traumatic Stress Disorder (PTSD), Parkinson's Disease, Tourettes, Others.
Medical Marijuana Regional Outlook
Key Companies Profile & Market Share Insights The Canadian government’s announcement to limit the number of licenses for growers and distributors of medical marijuana will positively reinforce the growth of the large players such as Aurora Cannabis, Canopy Growth, and Aphria Inc. Some prominent players in the global medical marijuana market include
Order a free sample PDF of the Medical Marijuana Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.com Like it? Share it!More by this author |