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How Medical Cannabis Market Players have Encountered Temporary Covid-19 Tailwinds; Worth Watching New Growth Cycle
Medical Cannabis Market Latest Edition Published with Forecast to 2030- Apr 9, 2024
- Pharmaceuticals
On January 16, 2019, California’s three state cannabis licensing authorities have announced that the Office of Administrative Law (OAL) officially approved state regulations for cannabis businesses across the supply chain.
The article cited AMA's "Global Medical Cannabis Market Study" explored substantial growth in North America and CAGR of 24.5%. According to the report, The launch of New Cannabis Consumer Products is one of the primary growth factors for the market. Expansion Of Medicinal Cannabis Product By Various Manufacturers is also expected to contribute significantly to the Medical Cannabis market. Overall, applications of Medical Cannabis, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Active Ingredients, such as Tetrahydrocannabinol {THC}, is boosting the Medical Cannabis market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Point of Sale, such as Dispensaries, is boosting the Medical Cannabis market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Therapeutic Application, such as Pain, is boosting the Medical Cannabis market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Medical Cannabis market identified that the demand is rising in many different parts of the world as "Emerging Demand From Economies". Furthermore, some recent industry insights like "On 21 Jan. 2019, Canopy Growth Corporation has announced the expansion of its business in the European regions such as the United Kingdom and Poland where its medically-focused business Spectrum Cannabis continues to build a sophisticated, pan-European cannabis production as well as distribution network serving the needs of physicians and their patients throughout the continent. and On 9 Oct. 2018, Canopy Growth Corporation has completed a legal transfer of cannabis products to a research partner in the United States. This transfer is the initial export of legal cannabis products from Canada to the United States pursuant to an import permit issued by the federal United States Drug Enforcement Administration." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Medical Cannabis market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.
Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Medical Cannabis market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
The overall Medical Cannabis market size is calculated using market estimation process, the Medical Cannabis market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Medical Cannabis market size has been validated using both top-down and bottom-up approaches.
The article cited AMA's "Global Medical Cannabis Market Study" explored substantial growth in North America and CAGR of 24.5%. According to the report, The launch of New Cannabis Consumer Products is one of the primary growth factors for the market. Expansion Of Medicinal Cannabis Product By Various Manufacturers is also expected to contribute significantly to the Medical Cannabis market. Overall,
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Medical Cannabis market identified that the demand is rising in many different parts of the world as "Emerging Demand From Economies". Furthermore, some recent industry insights like "On 21 Jan. 2019, Canopy Growth Corporation has announced the expansion of its business in the European regions such as the United Kingdom and Poland where its medically-focused business Spectrum Cannabis continues to build a sophisticated, pan-European cannabis production as well as distribution network serving the needs of physicians and their patients throughout the continent. and On 9 Oct. 2018, Canopy Growth Corporation has completed a legal transfer of cannabis products to a research partner in the United States. This transfer is the initial export of legal cannabis products from Canada to the United States pursuant to an import permit issued by the federal United States Drug Enforcement Administration." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Medical Cannabis market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.
Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Medical Cannabis market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
The overall Medical Cannabis market size is calculated using market estimation process, the Medical Cannabis market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Medical Cannabis market size has been validated using both top-down and bottom-up approaches.
Craig Francis
PR & Marketing Manager