The global medical cannabis market report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals.

The product is used with other opioid painkillers, which permits patients to reduce the dosage and frequency of opioids, relieving pain. Legalization of marijuana throughout the country could create up to 1 million jobs by 2025 in the U.S. Workers are needed to farm, process, distribute and sell marijuana and its related products. Medical cannabis has not only created jobs but have also generated significant amount of taxes.

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The report also discusses the key players involved in the market such as:

Key players in the market include Canopy Growth Corporation, Aphria, Inc., Aurora Cannabis, Maricann Group, Inc., Tilray, Cronos Group, Organigram Holdings, Inc., Vivo Cannabis, Tikun Olam, and Insys Therapeutics, Inc.

as well as new entrants in the market. It focuses on the recent mergers acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status, and consumer base.

Key Benefits of Buying the Global Medical Cannabis Market Report:

• Comprehensive analysis of the changing competitive landscape
• Assists in decision making processes for the businesses along with detailed strategic planning methodologies
• The report offers an 8-year forecast and assessment of the Global Medical Cannabis Market
• Helps in understanding the key product segments and their estimated growth rate
• In-depth analysis of market drivers, restraints, trends, and opportunities
• Comprehensive regional analysis of the Global Medical Cannabis Market
• Extensive profiling of the key stakeholders of the business sphere
• Detailed analysis of the factors influencing the growth of the Global Medical Cannabis Market.

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Medical Cannabis Market segmentation:

Emergen Research has segmented the global Medical Cannabis market on the basis of product type, application, and route of administration, distribution channel, and region:

Product Type Outlook (Revenue, USD Billion; 2018-2028)

• Oil
• Buds
• Tinctures

Application Outlook (Revenue, USD Billion; 2018-2028)

• Chronic Pain
• Mental Disorders
• Anorexia
• Seizures
• Muscle Spasm
• Cancer
• Others

Route of Administration Outlook (Revenue, USD Billion; 2018-2028)

• Oral
• Intravenous
• Inhalation
• Topical

Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)

• Dispensaries
• Online

Regional Outlook: (Revenue, USD Billion; 2018-2028)

• North America (U.S.) (Canada) (Mexico)
• Europe (Germany) (UK) (France) (BENELUX) (Rest of Europe)
• Asia Pacific (China) (Japan) (South Korea) (Rest of APAC)
• Latin America (Brazil) (Rest of LATAM)

Some Key Highlights from the Report

• In October 2020, MediPharm Labs Corp. signed an exclusive supply agreement with STADA to meet the growing demand for medical cannabis in Germany. STADA wanted to be the go-to partner for generics, which is achieved by the partnership.
• Oil segment is expected to register significant growth rate during the forecast period due to high demand for hemp oil among healthcare workers for clinical purposes. Cannabidiol (CBD) oil can reduce depression and anxiety, alleviate cancer-related symptoms, and relieves pain. CBD oil can also treat acne owing to its ability to reduce sebum production and anti-inflammatory properties.
• Inhalation is a preferred medium of administration, as it offers controlled dosage and effective absorption of cannabinoids into the body. Inhalation segment accounted for largest revenue share in 2020. Inhalation is most effective and rapid way to induce measurable serum levels of cannabinoids.
• Chronic pain segment accounted for a significant revenue share in 2020. Medical cannabis is used to control pain of people suffering from multiple sclerosis and nerve pain. Patients claim that using medical cannabis allows them to resume their activity without feeling disengaged. Medical cannabis is used as a muscle relaxant, and it is common among people suffering from Parkinson’s. It also finds application in weight loss, nausea, and glaucoma. Doctors use it on patients suffering from PTSD, especially among veterans returning from combat zones.

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Table of Contents:

• Chapter 1 includes an introduction of the global Medical Cannabis Market, along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
• Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
• Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
• In Chapter 4, our team has fragmented the Medical Cannabis market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.

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