Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 30

Global Medical Marijuana Market 2020-2024

Posted by fidest press agency su mercoledì, 4 dicembre 2019

Technavio has been monitoring the global medical marijuana market since 2018 and the market is poised to grow by USD 22.33 billion during 2020-2024 at a CAGR of over 24% during the forecast period. The market is driven by plans to boost the production and availability of medical marijuana by governments. In addition, the increase in funding for research and production of medical marijuana is anticipated to further boost the growth of the medical marijuana market.The increasing demand for marijuana from dispensaries and patients for medical applications is encouraging marijuana growers and government organizations to improve the access to legal marijuana for medical research. This is encouraging various governments such as the US government to issue plans to legalize the production of marijuana and expand the number of entities that are certified to grow marijuana plants. This will allow users to place orders for medical marijuana products. Thus, the plans to increase production and availability of medical marijuana by governments is expected to drive market growth during the forecast period.

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