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Showing posts with the label Medical Marijuana

Increasing Demand for Medical Marijuana to Fuel Revenue Growth Through 2028

  As per study of Research Dive, medical marijuana (cannabis) market forecast revenue of  $33,211.7 million  in the year  2026  growing at  CAGR of 27.4%. Marijuana is more safe and has less severe side effects over other treatment options such as opioid-based treatments. It is more efficient in reducing nausea and also improving appetite among chemotherapy patients. Increasing cancer burden along with rising demand for chronic pain management & treatment is projected to drive the medical marijuana market growth. For instance, as per publication of the World Health Organization (WHO), in 2018, Cancer disease is the second leading cause of death cases, in which Lung, breast, prostate, liver, stomach and colorectal cancer are the common types of cancerous diseases. Moreover, R&D activities, Clinical trials along with commercialization of cannabis are anticipated to boost the global medical marijuana industry. However, stringent government regulation, lack of awareness in the emer