Precision Business Insights has published a report on the global medical cannabis market, estimating its value at USD 25.9 Billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 22.8% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/global-medical-cannabis-market

Market Definition:

The use of the Cannabis sativa or Cannabis indica plant and its chemical constituents, such as THC (tetrahydrocannabinol) and CBD (cannabidiol), for therapeutic or medicinal purposes is referred to as medical cannabis, or medical marijuana. Healthcare providers prescribe or suggest it to treat or lessen the symptoms of a number of illnesses.

Drivers:

1) Increasing legalization and regulatory support.
2) Rising awareness of therapeutic benefits.

The global medical cannabis market segmentation:

1) By Product Type: Cannabidiol, Tetrahydrocannabinol, Others.
2) By Application: Nausea and Vomiting, Pain, Epilepsy, Multiple Sclerosis, Arthritis, Others.
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Others.

Regional Overview:
The report also examines the current concerns and their Future Effects on the medical cannabis market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the medical cannabis market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

·         North America (U.S., Canada)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)

·         Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)

·         Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like Curaleaf Holdings – New York, USA Trulieve Cannabis – Florida, USA Green Thumb Industries (GTI) – Illinois, USA Verano Holdings – Illinois, USA Cresco Labs – Illinois, USA Columbia Care – New York City, USA Ayr Wellness – Florida, USA Harvest Health & Recreation – Arizona, USA MedMen Enterprises – California, USA Columbia Care – New York City, USA Ayr Wellness – Florida, USA Harvest Health & Recreation – Arizona, USA MedMen Enterprises – California, USA Columbia Care – New York City, USA Ayr Wellness – Florida, USA Harvest Health & Recreation – Arizona, USA MedMen Enterprises – California, USA Columbia Care – New York City, USA Ayr Wellness – Florida, USA Harvest Health & Recreation – Arizona, USA MedMen Enterprises – California, USA Columbia Care – New York City, USA Ayr Wellness – Florida, USA Harvest Health & Recreation – Arizona, USA MedMen Enterprises – California, USA

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