Medical Marijuana Market Insights 2019-2023
The global tide of legalization and recognition of the medicinal benefits of marijuana is driving the growth momentum in medical marijuana. The healthcare industry is being transformed by this sector that treats diseases such as epilepsy, chronic pain, and nausea due to chemotherapy. This has resulted in groundbreaking advancements enabling the creation of high-quality products like oils, tinctures, and edibles through cultivation and extraction technologies. Another factor that has facilitated rapid growth within the market is strong regulation frameworks put in place by governments to protect individuals against dangerous uses. Similarly, major pharmaceutical companies have also gotten into the field by investing heavily in research and development (R&D) for cannabis medications.