Increasing Legislative and Legal Amendments to Help Drive Global Medical Cannabis Market Growth to Valuation of worth US$53 Bn by 2027, finds TMR

Increasing Legislative and Legal Amendments to Help Drive Global Medical Cannabis Market Growth to Valuation of worth US$53 Bn by 2027, finds TMR

PR Newswire

ALBANY, New York, June 2, 2020

- It is projected that the global medical cannabis market will witness a steady year on year growth in the coming years of the forecast period.

- The growth of the market is predominantly led by increasing reforms and legislative amendments adopted by several governments.

ALBANY, New York, June 2, 2020 /PRNewswire/ -- TMR has now come up with a market research report that offers great insights about the overall working dynamics of the global medical cannabis market. The research report tries to shed light on the key segments influencing the market growth, driving and restraining factors, geographical outlook, and the overall situation of the competitive landscape.


According to the research report, the global medical cannabis, the market is projected to witness a massive CAGR of 27% over the course of the given forecast period ranging from 2019 to 2027. The valuation of the global market was around US$8 Bn in 2018. Given the rate of growth, the market is projected to experience a massive surge in valuation and reach worth around US$53 Bn by the fall of 2027.

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Global Medical Cannabis Market – Key Takeaways

Explore a report with detailed research, incisive insights, and in-depth country levels estimations. Gain business intelligence on global Medical Cannabis Market (Derivative: Cannabidiol [CBD], Tetrahydrocannabinol [THC], and Others; Application: Mental Health Management, Neurological Disorders Management, and Pain Management; Route of Administration: Nasal, Oral, and Others; and Distribution Channel: Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027 -

Global Medical Cannabis Market – Key Driving Factors

Analyze Medical Cannabis Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea.

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Global Medical Cannabis Market – Key Restraining Factors

Global Medical Cannabis Market – Geographical Outlook

Global Medical Cannabis Market – Key Players

Canopy Growth Corporation, United Cannabis, Aurora Cannabis, Cannabis Sativa, Inc., Emerald Health Therapeutics, and GW Pharmaceuticals plc among others are some of the notable names in the global market.

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Global Medical Cannabis Market: Research Scope

Medical Cannabis Market, by Derivative

Medical Cannabis Market, by Application

Medical Cannabis Market, by Route of Administration

Medical Cannabis Market, by Distribution Channel

Medical Cannabis Market, by Region

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