Medica Cannabis Market Size Is estimated To Grow at a remarkable CAGR Between 2020 to 2025 – Medgadget

Medical Cannabis Market Size (2020 to 2025)

As per the report published by Market Data Forecast, the size of the global medical cannabis market is forecasted to worth USD 44.4 Billion by 2025 from USD 13.4 Billion in 2020, registering a CAGR of 22.9% between 2020 to 2025.

Key Market Drivers:

Increasing the utilization of cannabis in the medical sector is enhancing the growth rate of the market. Increasing investments in the development of medical infrastructure and prompting healthcare services are solely leveraging the demand of the market. The rise in the R&D activities and increasing support from the government organizations in approving cannabis to a certain level are elevating the growth rate of the market. Patients suffering from cancer, diabetes, and other chronic diseases are shown best results with the use of medical cannabis where in some countries government passed a law to use medical cannabis in medicines. The aforementioned factor is accounted for in prompting the demand of the market.

Browse TOC and other details of the global medical cannabis market research report that spread through 160 pages @

Significant Challenges:

However, lack of standardization is restraining the growth rate of the sports medicine market. Lack of sufficient knowledge in using cannabis properly is degrading the growth rate of the market. Difficulty in cultivating cannabis due to stringent laws by government authorities is