Medical Marijuana Market Forecast 2024 to 2032
Aug 25, 2023
Medical marijuana, also known as medical cannabis, refers to the use of the cannabis plant or its chemical components for therapeutic purposes. The active compounds in cannabis, known as cannabinoids, have various medicinal properties. Medical marijuana has been used to alleviate symptoms and treat a wide range of medical conditions.
The Medical Marijuana Market was valued at USD 5.19 Million in 2022 and is expected to register CAGR of 23.63% by 2032.
The increasing acceptance of medical marijuana as a legitimate treatment option, along with the legalization of medical marijuana in many countries and states, is a key factor expected to drive market growth during the forecast period.