Medical Cannabis Gaining Traction as Alternative to Prescription Drugs
Legal Cannabis Market Continues to Grow Despite Federal Resistance
Data compiled by Arcview Market Research, in partnership with BDS Analytics, indicates that the United States’ legal cannabis market is projected to reach USD 11 Billion in consumer spending during 2018 and exceed USD 23 Billion by 2022. The research shows that the industry has potential to generate more than 467,000 full-time equivalent jobs by 2022, and despite the current federal prohibitions that are…
Global Medical Cannabis Value Expected to Grow
According to research published by Oristep Consulting, the global medical cannabis market was valued at $12.67 Billion in 2016 and will reach $33.41 Billion by 2022 while expanding at a CAGR of 17.53 percent during the forecast period. The two main cannabinoids from the cannabis plant are THC and CBD, both of which are used for medical purposes for various…
Data Shows Strong Demand For Medical Cannabis Products
According to Hexa Research, the U.S. medical cannabis market is expected to reach $19.48 billion by 2024. The projected growth is largely driven by the medical benefits of cannabis. Symptoms and conditions that may be treated by cannabis include cancer, HIV, AIDS, Alzheimer’s disease, and multiple sclerosis. Chronic pain accounted for 46 percent of the U.S. cannabis medical…