![Global Medical Cannabis Market](https://res.cloudinary.com/devmoveo/image/upload/v1684485928/skyquest/gallery/Global-Medical-Cannabis-Market.jpg)
Report ID: SQMIG35I2169
Report ID:
SQMIG35I2169 |
Region:
Global |
Published Date: August, 2024
Pages:
219
|
Tables:
63 |
Figures:
76
In 2022, North America had the highest revenue share (76.1%). One of the major factors driving up demand for cannabis is the growing legalization of the drug in the United States. Furthermore, the use of cannabis for therapeutic purposes is now legal in 37 states and the District of Columbia in the United States. While ten other states have also made it legal to use cannabis for recreational purposes. For the first time in more than 50 years, the American government has authorized new marijuana research farmers.
Increasingly supportive government initiatives and support are expected to cause Asia Pacific to experience the fastest CAGR over the coming years. Along with the expansion of cannabis legalization, the cannabis market is undoubtedly impacted by rising disposable income, rising social acceptance, and growing public awareness of the benefits of the product.
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Report ID: SQMIG35I2169