Report: Global medical cannabis market set to inflate at a CAGR of 20 percent

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Bethan Rose Jenkins, Cannabis News Writer/Editorial

Analysts from Facts and Factors, a business consulting firm that specializes in market research reports, have teamed up to publish a new report on the global medical cannabis market.

According to the recent research report, the demand of the global Medical Marijuana Market size and share is forecast to top USD $27,988 million by 2026. This indicates major growth from the $9,188 million recorded last year.

Researchers noted a compound annual growth rate (CAGR) of 20 percent during the forecast period, which extends from 2021 to 2026.

Titled, “Medical Marijuana Market By Application (Pain Management {Neuropathic Pain, Cancer Pain}, Muscle Spasms, Nausea, Anorexia, Seizures), By Route Of Administration (Inhalation, Oral, Topical), By Distribution Channel (Dispensaries, Online): Global & Regional Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecasts, 2021 – 2026,” the report offers a fascinating insight into the rapidly expanding world of pharmaceutical weed.

What is included in Facts and Factors’ cannabis market research report?

If you are a cannabis market investor, pot enthusiast, budding “cannapreneur” or a dedicated cannabis advocate/lobbyist, this comprehensive report is well worth downloading to your Internet-enabled device.

Included in the report is an in-depth industry analysis and an informative section covering the impact(s) of COVID-19 on the legal weed industry at large. 

Listed below are the major market players spotlighted in this report:

  • Althea Company Pty Ltd
  • Apothecanna
  • Aurora Cannabis
  • Aphria Inc.
  • BARNEY’S FARM
  • Bioactive Solutions Inc.
  • BOL Pharma
  • CANNABIS SEEDS USA
  • Canopy Growth Corporation
  • Cresco Labs
  • Crop King Seeds
  • Discover Health LLC
  • Extractas
  • Elixinol Global Limited
  • EcoGen Biosciences
  • ENDOCA
  • FOLIUM BIOSCIENCES
  • GW Pharmaceuticals plc.
  • Greenwich Biosciences Inc.
  • Harmony
  • HUMBOLDT SEED COMPANY
  • IDT Australia
  • Kiehl’s
  • MARY’s nutritionals
  • MEDIFARM
  • MediPharm Labs Inc.
  • Medical Marijuana Inc.
  • Peace Naturals Project Inc.
  • Pacific roots
  • Pure Ratios
  • PharmaHemp
  • Seed Cellar
  • Tilray 
  • THC Global Group Limited
  • Upstate Elevator Supply Co.
  • Vermont Hemp Health
  • Zenabis Global Ltd            

Featuring more than 195 pages of research, the report conceals a chapter dedicated to 2020 updated regional analysis; inclusive of a graphical representation of size, share and industry trends.

In addition to the updated list of tables and figures, the report also contains information pertaining to the market’s top companies; read about their projected revenue, business strategy and sales volume.

Facts and Factors’ cannabis market research report answers key queries 

After reading this all-encompassing report on the global medical cannabis market, you’re sure to gain an in-depth understanding of the industry’s potential.

Numerous questions are answered in the report, from queries about the industry’s projected market size and growth rate, to the key factors stimulating growth.

Furthermore, reading this report will prove to be a solid time investment for those who want to understand what segments the market encapsulates, as well as which companies are taking the lead.

It’s important to note that, prior to its delivery, the sample version of this report has been updated to include coronavirus-related analysis.

You can request a free sample report on the global cannabis market by clicking here.