Medical Marijuana Market Report, Demand, Business Strategies, Current Trends and Efficient Techniques, Forecast 2032
Medical Marijuana Market Highlights The medical marijuana market size was valued at USD 26.9 billion in 2021 and is projected to grow from USD 35.49 Billion in 2022 to USD 432.65 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 32.0% during the forecast period (2023 - 2032). As per medical marijuana market analysts, the global market is anticipated to witness growth owing to the factors such as the growing awareness about the benefits of medical marijuana as well as the increasing legalization of marijuana. However, the medical marijuana industry will face challenges and restraints due to stringent approval procedures and the presence of strict approval procedures during the forecast period 2022 to 2030. The expansion of the medical cannabis industry to prevent cancer in the medical marijuana will support the growth. As per medical marijuana market analysts, the medical marijuana-based companies will face certain challenges during the forecast period 2022 to 203