Medical Cannabis Market Growth, Size, Trends and Global Forecast till 2028
The global medical marijuana market size is expected to reach USD 24.52 Billion in 2028 and register a revenue CAGR of 11.5% over the forecast period, according to the latest report by Reports and Data. Inclining number of countries legalizing medical marijuana, increasing investments in research activities and commercialization of various medical marijuana-based products and rising awareness regarding benefits of using marijuana are factors driving market revenue growth. Marijuana is known to aid in treating chronic pain, and increasing number of people suffering from pain caused due to various reasons is creating robust product demand for pain management in chronic medical conditions. Additionally, various countries across the globe have legalized Medical Cannabis, which enables people to use it for health purposes, thus boosting revenue growth of the global Medical Cannabis market. Statistically, most of the cannabis is sold through illicit channels. However, several countries ar