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Global Medicinal Cannabis Market - Opportunity Analysis 2024

However, the debate still continues regarding the approval, safety and usage of cannabis (marijuana) for medicinal purpose, due to differences in the laws pertaining to this smoked drug. Hence, studies are conducted extensively to establish the safety aspect of this drug. Various states in the U.S. have already legalized cannabis (marijuana) for medicinal purposes. Scientific research of chemicals in the cannabis plant for its potential medicinal use has led to a shift in its demand purpose. Regulatory clearance has played a major role in the growth of medicinal cannabis market.

However, the debate still continues regarding the approval, safety and usage of cannabis (marijuana) for medicinal purpose, due to differences in the laws pertaining to this smoked drug. Hence, studies are conducted extensively to establish the safety aspect of this drug. Various states in the U.S. have already legalized cannabis (marijuana) for medicinal purposes. Scientific research of chemicals in the cannabis plant for its potential medicinal use has led to a shift in its demand purpose. Regulatory clearance has played a major role in the growth of medicinal cannabis market.

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<strong>Global</strong> <strong>Medicinal</strong> <strong>Cannabis</strong> <strong>Market</strong> -<br />

GLOBAL INDUSTRY INSIGHTS, TRENDS,<br />

OUTLOOK, AND OPPORTUNITY ANALYSIS, 2016-<br />

<strong>2024</strong><br />

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REPORT DESCRIPTION<br />

<strong>Global</strong> <strong>Medicinal</strong> <strong>Cannabis</strong> <strong>Market</strong> – Overview<br />

<strong>Medicinal</strong> cannabis, also known as medicinal marijuana, is used either to treat disease or improve symptoms.<br />

<strong>Cannabis</strong> has been considered to be a major source of drug addiction. Extract from the dried flower bud part of<br />

the plant called as Marijuana has certain medicinal properties. The two cannabinoids - delta-9-<br />

tetrahydrocannabinol (THC) and cannabidiol (CBD) are being used in treatment of certain disease or health<br />

conditions such as pain, blood pressure, memory, concentration, appetite, sensory stimulus, muscular problems,<br />

and seizures.<br />

<strong>Medicinal</strong> <strong>Cannabis</strong> <strong>Market</strong> Dynamics<br />

However, the debate still continues regarding the approval, safety and usage of cannabis (marijuana) for<br />

medicinal purpose, due to differences in the laws pertaining to this smoked drug. Hence, studies are conducted<br />

extensively to establish the safety aspect of this drug. Various states in the U.S. have already legalized cannabis<br />

(marijuana) for medicinal purposes. Scientific research of chemicals in the cannabis plant for its potential<br />

medicinal use has led to a shift in its demand purpose. Regulatory clearance has played a major role in the growth<br />

of medicinal cannabis market.<br />

© Coherent market Insights. All Rights Reserved


REPORT DESCRIPTION<br />

<strong>Global</strong> <strong>Medicinal</strong> <strong>Cannabis</strong> <strong>Market</strong>:<br />

Other names of <strong>Cannabis</strong>:<br />

●<br />

Grass<br />

●<br />

Pot<br />

●<br />

Dope<br />

●<br />

Mary Jane<br />

●<br />

Hooch<br />

●<br />

Weed<br />

●<br />

Hash<br />

●<br />

Joints<br />

●<br />

Brew<br />

●<br />

Smoke<br />

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https://www.coherentmarketinsights.com/insight/request-sample/40<br />

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REPORT DESCRIPTION<br />

<strong>Global</strong> <strong>Medicinal</strong> <strong>Cannabis</strong> <strong>Market</strong>:<br />

<strong>Medicinal</strong> <strong>Cannabis</strong> <strong>Market</strong> Future Outlook<br />

Potential medicinal cannabis markets other than the U.S., include Canada, Israel, Australia, and Spain. Mexico is<br />

also in process to consider the legalization of cannabis. Other countries are expected to consider legalization of<br />

the drug, once conclusive evidence regarding the safety and efficacy of cannabis are obtained through extensive<br />

research. According to Arcview Group—a cannabis industry investment and research firm—around 200 investors<br />

met companies to capitalize on lucrative opportunities from commercialization of medicinal cannabis. This implies<br />

that there is a huge potential in the medicinal cannabis industry and pharmaceutical and biotechnology<br />

companies need to focus on increasing awareness about the drug emerging economies.<br />

Click here to know more about this report:<br />

https://www.coherentmarketinsights.com/ongoing-insight/medicinal-cannabis-market-40<br />

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