mriApril 24, 2021
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Market Research Inc. provides delicate analysis of the market share, size, segmentation, revenue forecasts and geographic regions of the market. The report determines the primary growth factors, restraints and opportunities influencing the market outlook in the upcoming years. The study provides detailed information regarding the impact of COVID-19 on the growth of Medical Marijuana Market. With the pandemic undeviating, stringent lockdown measures have withheld the gain of several industries and will continue to have a persisting impact even after the economy restores. Most of the businesses across various industry verticals have adjusted their budget plans in a bit to re-establish profit prediction for the ensuing years.
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Pune, India, Feb. 03, 2021 (GLOBE NEWSWIRE) According to the report,
Medical Marijuana market size is projected reach USD 26,920.4 million by 2026. Global Medical Marijuana market was USD 6,338.1 million in 2018 and is anticipated to exhibit a CAGR of 20.4% during the forecast period set between 2019 to 2026.
Geographically, North America earned the maximum medical marijuana market share with a revenue of USD 5,994.9 million earned in 2018, that is anticipated to reach USD 24,578.3 million by the end of 2026.
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Medicinal Properties of Cannabis to Propel Growth
The increasing demand for legalization of medical cannabis across various states is a major medical marijuana market growth driver. Besides this, the rising prevalence of diseases such as Parkinson s disease, cancer, neurological disorders, and acute pain diseases is also expected to aid in expansion of the market in the forecast period. On the contrary, increasing