#Medical Marijuana Market

[adityarana1687-blog]

Medical Marijuana Market Expected To Achieve Lucrative Growth By 2030

The global medical marijuana market size is expected to reach USD 65.8 billion by 2030 and is expected to expand at a CAGR of 21.80% over the forecast period, according to a new report by Grand View Research, Inc. The major factors attributed to the industry growth are the rapid adoption of cannabis in therapeutic applications and a surge in the number of countries legalizing the usage of medical marijuana.

As per numerous studies, cannabis has shown positive results in the treatment of chronic diseases. Thus, with the growing penetration of chronic disease throughout the globe, the industry is expected to see a steep rise in demand. For instance, as per the data released by the WHO, the chronic disease burden was expected to reach 57% by 2020. The growing research and development activities in the industry are also expected to drive the growth in demand.

Additionally, various factors such as a rise in disposable income, increasing social acceptance of cannabis, and growth in awareness regarding the benefits of the product, along with improvements in intellectual property rights of cannabis are some of the major factors that are expected to fuel the growth of the industry.

Key players are coming together on strategic initiatives such as mergers & acquisitions, collaborations, partnerships, funding & investments, and innovative product developments & launches to expand their expertise & product portfolio. This also fuels the industry’s growth. For instance, in March 2021, Germany's largest pharmaceutical company, Stada entered the medical marijuana market by launching its two flower products, and further, the company has plans to offer five flower products along with three extracts with different compositions of CBD and THC.

One of the major factors that restrict industry growth is the strict regulation policy. To date, FDA has not allowed the marketing usage of cannabis for the treatment of any disease or condition. Although, the organization has approved one cannabis-derived drug product: Epidiolex (cannabidiol), and three synthetic cannabis-related drug products: Marinol (dronabinol), Syndros (dronabinol), and Cesamet (nabilone). These permitted drug products are only available with a prescription from a licensed healthcare provider.

Request a free sample copy or view report summary: Medical Marijuana Market Report

Medical Marijuana Market Report Highlights

The market size is anticipated to be valued at USD 65.8 million by 2030, owing to the growing legalization of medical marijuana in various countries

In 2022, the oil and tinctures segment dominated the market owing to its growing medical usage for the treatment of chronic pains, cancer, neurological disorders, and others

Chronic pain segment dominated in 2022. The growing number of clinical trials with marijuana to treat neuropathic and chronic pain is one of the key indicators, which highlights the rising usage of cannabis in pain management over the coming few years

North America dominated in 2022 owing to the presence of major players, the increasing rate of cannabis legalization in the U.S., and the launch of new products

Medical Marijuana Market Segmentation

Grand View Research has segmented the global medical marijuana market by product type, application, and region:

Medical Marijuana Product Type Outlook (Revenue, USD Million, 2017 - 2030)

Flower

Oil & Tinctures

Medical Marijuana Application Outlook (Revenue, USD Million, 2017 - 2030)

Cancer

Chronic Pain

Depression and Anxiety

Arthritis

Diabetes

Glaucoma

Migraines

Epilepsy

Multiple Sclerosis

AIDS

Amyotrophic Lateral Sclerosis

Alzheimer’s Disease

Post-Traumatic Stress Disorder (PTSD)

Parkinson's Disease

Tourettes

Others

Medical Marijuana Regional Outlook (Revenue, USD Million, 2017 - 2030)

North America

U.S.

Canada

Europe

Germany

U.K.

Italy

Poland

Czech Republic

Switzerland

Croatia

Netherlands

Spain

Asia Pacific

China

Japan

India

Thailand

Australia

New Zealand

Latin America

Uruguay

Colombia

Brazil

Mexico

MEA

Africa

List of Key Players in the Medical Marijuana Market

Tilray

Aurora Cannabis

Canopy Growth Corporation

Aphria, Inc.

Maricann Group, Inc.

Tikun Olam, Ltd.

MedReleaf. Corp.

GW Pharmaceuticals plc.

Cannabis Sativa, Inc.

Medical Marijuana, Inc.

[wivbkwjcla]

The global medical marijuana market size is expected to reach USD 24.52 Billion in 2028 and register a revenue CAGR of 11.5% during the forecast period.

[mi-researchreports]

The Medical Marijuana Market is growing at a CAGR of 17.79% over the next 5 years. Aurora Cannabis, Jazz Pharmaceuticals, Inc., Canopy Growth Corporation, Acreage Holdings, Tilray Brands, Inc. are the major companies operating in Medical Marijuana Market.

[rkingresearch]

The global Medical Marijuana market research gives a detailed and practical analysis of the products and services in this market which provides a competitive advantage to the existing and new businesses. In depth study and overview of the market has been collected by the overall insight of the industry and specifies the market segmentation, potential opportunities, growing market trends and events, current and future advancements, and other elements. This report will also showcase many possibilities of upscaling the global Medical Marijuana market share size.

[heqp]

[stylemuse07]

Echinacea

More information about here :

https://sites.google.com/view/medicinal-garden-kit01/home

[alexiskarine]

promotional photos I took recently

[thcscout]

Cannabis law review to explore how legalization is going

Cannabis law review to explore how legalization is going

Nearly four years after cannabis legalization, the federal government is launching a review of the Cannabis Act to try to better understand its impact on Canadians’ health and safety and how the fledgling legal industry is doing. #cannabis #canada #cbcnews Watch The National live on YouTube Sunday-Friday at 9 p.m. ET Subscribe to The…

[batfamscreaming]

Holding two concepts in my head at once rn:

Premise: that modern batman should explore Bruce Wayne as a tech bro billionaire. Yes, Waynetech successful and well established by his well to do parents, but not actually exploding until billionaire genius Bruce Wayne returns from his sabbatical from college (several years MIA) with his wowzers little invention that will revolutionize the world and put Gotham on the map for... different reasons!

The duality I am holding is both that even though Bruce does have to be smart enough to make gadgets on his own, it would be very funny if his invention was actually something known already but exclusively in the darkest belly of the criminal underworld, and now there are major crime syndicates all over the world watching as world's most oblivious himbo Brucie markets (for example) lazarus revitalizing muscle ointment! Fixes aches and pains in a jiffy! Toxic at levels exceeding 50ppm.

Which reminded me that, canonically, Bruce probably knows multiple people as Bruce Wayne who helped train him in 5k martial arts practices and guides to poison, who know him as a focused and vengeful student who wouldn't take no for an answer, and one day he pops up on TV like "hi everybody :) nice to be here at the puppy and poppy drive for the people in our community who use medical marijuana and service dogs to manage every day" and for a moment wonder if they should look up the symptoms of memory problems

[afeelgoodblog]

The Best News of Last Week - January 15, 2024

🎊 - As we embark on another journey around the sun, I am thrilled to bring you the first newsletter of the year, packed with inspiring, informative, and sometimes downright amusing stories.

1. Marijuana meets criteria for reclassification as lower-risk drug

Marijuana has a lower potential for abuse than other drugs that are subjected to the same restrictions, with scientific support for its use as a medical treatment, researchers from the US Food and Drug Administration say in documents supporting its reclassification as a Schedule III substance.

2. South Korea passes law banning dog meat trade

The slaughter and sale of dogs for their meat is to become illegal in South Korea after MPs backed a new law. The legislation, set to come into force by 2027, aims to end the centuries-old practice of humans eating dog meat.

3. After 20 years in a tiny cage, these 'broken bears' are finally feeling the grass beneath their paws

These bears, termed "broken bears" due to physical and psychological trauma from years of abuse, are treated at the Tam Dao rescue center with individually tailored diets, physiotherapy, and medical care. The bear bile trade, which involves extracting bile for traditional Asian medicine, has been illegal in Vietnam since 2005, but a black market still exists.

4. France just got its first openly gay prime minister.

Gabriel Attal is France’s youngest-ever prime minister at age 34 and the first who is openly gay.

5. Australian ‘builders without borders’ repairing war-torn homes and schools in Ukraine

Manfred Hin, a 66-year-old builder from Townsville, Australia, spent most of 2023 volunteering in Ukraine to rebuild homes and schools damaged by Russian attacks. Having contributed to over 50 house and a dozen school renovations, he worked with Ukrainian charity Brave to Rebuild, mentoring young volunteers and sourcing three tonnes of donated tools.

Inspired by Hin's story, Tasmanian carpenter Hamish Stirling also joined the efforts, learning Ukrainian, traveling to Europe, and volunteering for three months to help rebuild homes.

6. The age-standardized death rate from cancer has declined by 15% since 1990

The age-standardized death rate from cancer declined by 15%

Cancer kills mostly older people – as the death rate by age shows, of those who are 70 years and older, 1% die from cancer every year. For people who are younger than 50, the cancer death rate is more than 40-times lower (more detail here).

7. Germany Reached 55% Renewable Energy in 2023

In 2023, 55 percent of Germany’s power came from renewables — an increase of 6.6 percent, according to energy regulator Bundesnetzagentur, reported Reuters. Europe’s biggest national economy has a goal of 80 percent green energy by 2030.

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That's it for this week :)

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