Medical Cannabis Market Size, Share, Growth Analysis, By Formulation Type(Flowers, Oils & Tinctures, Capsules, and Others), By Application(Cancer, Chronic Pain, Depression & Anxiety, Arthritis), By End-User(Hospital Pharmacy, Retail Pharmacy, and Online Pharmacy), By Region - Industry Forecast 2024-2031

Medical Cannabis Market Drivers

Modified Edibles containing Cannabinoids and Tetrahydrocannabinol to Bolster Market Growth

• Cannabis has now been given the green light to treat a number of conditions, including nausea and vomiting brought on by chemotherapy, restlessness, muscle tension, and chronic discomfort. Research into the possibilities of therapeutic cannabis and hemp is moving forward quickly for the majority of enterprises.

• In all states that authorise them, edibles with added CBD and THC are growing in popularity. Incorporated drinks are also gaining in popularity with consumers and investors. Industry growth may be hampered by the complex administrative procedure for cannabis acceptance. The potential for market growth is provided by cannabis' medicinal benefits and the gradual legalization of cannabis capsules.

Medical Cannabis Market Restraints

High Cost and Stigma to Hinder Market Growth

• As a result, cannabis capsules are created to deliver exact and calculated dosages of a cannabis-based medicine combination. The ability to treat patients with ailments like Alzheimer's disease, cancer, epilepsy, glaucoma, PTSD, muscular spasms, and other conditions will make these calibrated cannabis capsule dosages highly sought after around the world.