Medical Marijuana Market Size [2022-2028] | to Reach USD – GlobeNewswire

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| Source: Fortune Business Insights Fortune Business Insights
Pune INDIA
Pune, India, Feb. 10, 2022 (GLOBE NEWSWIRE) — The Medical Marijuana Market Size to Rise at a Stellar 20.04% CAGR, and Hit USD 26,920.4 Million by 2026. Rising Demand for Legalization of Marijuana in Most States will Promote Growth, says Fortune Business Insights™. A recently published report by Fortune Business Insights™ titled, “Market Size, Share & Industry Analysis, By Application (Pain Disorders, Cancer, and Others), By Type (Flowers, Concentrates, Edibles and Others), By Distribution Channel (Dispensaries, Online, and Others), and Regional Forecast, 2019-2026” discusses the market comprehensively.
Market Growth Reasons:


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Market Growth Factors:


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Market Segmentations:
Based on application – The global market for medical marijuana is segmented into cancer, schizophrenia, Alzheimer’s disease, and multiple sclerosis.
By type segment – The market is classified as flowers, edibles, concentrates, and others. The flowers segment is anticipated to hold a considerable market share across the forecast period.
In terms of distribution channel – The market is segmented into dispensaries, online portals and others. The dispensaries segment held substantial market share in the year 2018 and is estimated to witness favorable growth across the forecast period.


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Regional Analysis:
Increasing Awareness on medicinal Properties of Cannabis to Offer Lucrative Growth Opportunities for the Rest of the World


Competitive Landscape:
Entry of New Players will Intensify Market Competition
The rapid developmental pace of medical marijuana and its wide expansion has propelled many players to enter into this market and make heavy investments in research and development of the same. Although the most crucial part is its production and cultivation, significant medical marijuana market revenue is derived from the pharmacological organizations.


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Key Medical Marijuana Markets Manufacturers are:
•             Aurora Cannabis
•             CannTrust Holdings
•             MedReleaf Corp
•             Emerald Health Therapeutics
•             The Cronos Group
•             Green Relief Inc.
•             Medical Marijuana, Inc.
•             ABcann Medicinals, Inc.
•             GW Pharmaceuticals
•             Aphria Inc.
•             Canopy Growth Corporation
•             Other Vendors


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