Medical Marijuana Market to Reach a Valuation of USD 54,677.1 million through 2023, to Grow at CAGR of 34.0%, Says MRFR

Pune, India, June 10, 2019 (GLOBE NEWSWIRE) — According to the report offered by Market Research Future (MRFR), the global medical marijuana market is projected to witness boom expanding at a CAGR of 34% during the forecast period 2018 to 2023. The assessment suggests that the market is expected to reach a valuation of USD 54,677.1 Mn by 2023. One of the primary factors supporting the rapid development of the market is the favorable laws being implemented in support of the usage of marijuana in the pharmaceutical industry. Case to the point is, considering the effectiveness of cannabis-based medicines, most of the European nations have legalized the use of these drugs for medicinal purposes.

The growth of the pharmaceutical industry is prognosticated to reflect on the growth pattern of the medical marijuana market in the foreseeable future. Extensive research development, in conjunction with the inflow

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