Medical Marijuana Market Research Overview, Expectations and Forecast to 2023Posted by Shrikant Gadewar on November 22nd, 2019 Medical Marijuana Market Overview: The global Medical Marijuana Market can find a robust movement ahead with an impressive 34%CAGR in the coming years using which it can surpass USD 54,677.1Mn by 2023. Marijuana is a plant can also be described as cannabis has several medical properties that, if properly extracted, can benefit patients in treating various diseases and influence the market for pharmaceuticals. This comes handy in treating diseases as a therapeutic process. The extract can be used in treating diseases like cancer, central nervous system, and Alzheimer’s. It has notable use as an anti-aging compound. Market Research Future (MRFR) makes a claim in the report that this growth would be substantially easier as several companies are making notable progress in the market. Factors like the growing use of it as therapeutic medicine, the increasing presence of chronic diseases, growing researches in the sector, hike in investment, and others are expected to push the global medical marijuana market forward. However, several countries have still preventive measures to cull the production of marijuana, which can deter the market growth in the coming years. Access Complete Report Details and Full TOC Exclusively @ https://www.marketresearchfuture.com/reports/medical-marijuana-market-6470 Medical Marijuana Market Competitive Landscape:
Medical Marijuana Market Segmentation:
Medical Marijuana Market Regional Analysis: North America and Europe are majorly maintaining the charge of the market for medical marijuana. In North America, countries like Canada and the US are legalizing it to make sure that their pharmaceutical businesses thrive. The region is robustly investing in research and development to make sure that the pharmaceutical companies can market the most out of it. On the other hand, the APAC market is expected to profit much from the presence of a high population. Treatments required to make an impact on the market is expected to promote better cultivation of medical marijuana. Several countries are also providing a license to grow the substance and then commercially sell it to industries and pharmaceuticals. The market in Latin America and the Middle East & Africa are expected to gain moderate growth in the coming years. Medical Marijuana Market Industry News: In September 2019, an Indian state Manipur has announced that they might soon legalize the production of medical marijuana in the coming years. The region provides a natural climate to marijuana and supports its production. The government is aiming for the medical purpose and industrial production of medical marijuana to inspire research projects. About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. Contact: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India +1 646 845 9312 Like it? Share it! More by this author |