Medical Cannabis Market Size, Share Growth Analysis 2030


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The Booming Legal Cannabis Market Has Plenty of Upside

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April 2019, Aphira introduced its first ever CBD-based nutraceutical, in addition to the CBD-based cosmetics line especially for the German market. The expansion of enterprises into new categories with innovative cannabis products is expected to boost the value of their stock. As a result, cannabis has become increasingly popular in numerous places, propelling the overall Cannabis Market forward.



No more than three Medical Marijuana Cultivation Facility licenses shall be issued to any entity under substantially common control, ownership, or management.

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Korea's gross domestic product growth rate in the second quarter of 2020 fell 3.3 percent from the previous quarter.

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Of the drug for other medical conditions such as posttraumatic stress disorder, spinal cord injury, other neurological conditions, cancer, and chronic pain is further expected to drive the market for cannabis pharmaceuticals over the forecast period. For instance, a clinical study sponsored by GW Pharmaceuticals, Inc. in collaboration with Otsuka Pharmaceutical Development and Commercialization, Inc. was completed in 2018. This study was aimed at analyzing the effects of Sativex for relieving pain in patients with advanced cancer. In addition, a randomized controlled trial published in the National Library of Medicine in 2019 analyzed the use of Sativex spray as an additional therapy for multiple sclerosis spasticity. There is increasing legalization and decriminalization of cannabis in various countries owing to its therapeutic effects. For instance, medical cannabis is legal in countries such as the U.S., Canada, the U.K., Croatia, Czech Republic, Cyprus, Columbia, Chile, Australia, Barbados, Denmark, Finland, Poland, and Portugal among others.


The Booming Legal Cannabis Market Has Plenty of Upside


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