Medical Marijuana Market Key Players, Share, Trend, Applications, Segmentation and Forecast By 2028Posted by kartik joshi on January 13th, 2023  The Medical Marijuana Market 2023 global Market research report is a comprehensive business study on the current state of the Medical Marijuana Market providing competitive analysis in form of 10 company profiles along with their product picture and specification, capacity production price cost production value and contact information says a latest report at the insight partners An exclusive Medical Marijuana Market research report provides depth analysis of the market dynamics across five regions such as North America, Europe, South America, Asia-Pacific, Middle East and Africa. According to our latest study on "Medical Marijuana Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Application, Distribution Channel, and Geography," the market was valued at US$ 11,706.50 million in 2021 and is projected to reach value of US$ 40,027.59 million by 2028; it is estimated to grow at a CAGR of 19.2% from 2022 to 2028. The report highlights the key factors driving the market and prominent players with their developments. The market's growth is primarily attributed to increasing approvals of medical marijuana products and rising acceptance of the medicinal use of marijuana in America. However, the illegal use of cannabis as a street drug and misconceptions regarding marijuana are negatively impacting the market's growth. Request sample pages of this research study at – https://www.theinsightpartners.com/sample/TIPRE00022901/ The prominent/emerging players in the Medical Marijuana Market research include:
The COVID-19 pandemic positively impacted the cannabis industry, primarily due to an increase in the cases of pain and epilepsy. According to a paper published in JAMA Network Open in May 2021, approximately 80% of COVID-19 hospitalized patients experienced neurological problems such as headaches. Thus, drugs that can help treat these disorders, such as medical marijuana, experienced enhanced sales due to increased neurological disorders. Also, many US states with legal cannabis, where dispensaries were deemed "essential" businesses, saw sales increases. California, Colorado, Illinois, Maryland, Michigan, New Jersey, New Mexico, New York, Ohio, Oregon, and Washington are all cannabis businesses. US cities issuing similar stances included Chicago, Denver, and San Francisco. Stocks for cannabis companies saw increases following reports of the increased demand. On March 23, 2020, sales in Denver were up 392% over the same weekday prior to the stay-home order. A Reno delivery service saw a 400% increase in business after the state ordered in-person retail operations to close. The table of content for Market research study includes:
Company overview: Company overview provides the information about location of the company where it is headquartered along with the established year, employee strength as of 2017, regions where the company is operating and the key business areas. Product benchmarking: Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features. Strategic initiatives: Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in market are covered under strategic initiatives section. About us: The insight partners are a one stop Market research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as semiconductor and electronics, aerospace and defense, automotive and transportation, healthcare it, manufacturing and construction, medical device, technology, media and telecommunications, chemicals and materials. Contact us: If you have any queries about this report or would like further information, please contact us: North America: +1 646 491 9876 Asia-pacific: +91 20 6727 8686 Email: sales@theinsightpartners.com Like it? Share it! More by this author |