Medical Cannabis Market will grow at CAGR of 29.3% to hit $56.70 Bn by 2026 – Global 2019 Analysis by Growth, Size, Share, Price, and Recent Initiatives: Adroit Market Research

Dallas, Texas, June 12, 2019 (GLOBE NEWSWIRE) — The global medical cannabis market is expected to reach USD 56.70 billion by 2026. Increasing application of cannabis derived products to control symptoms of various diseases is expected to fuel the demand for medical cannabis in the coming years. Cannabis is effective in treatment of chronic pain, which is one of the leading medical conditions affecting a large portion of the American population. According to the National Health Interview Survey, more than 20 million people suffer from pain on daily basis within the U.S., with high economic burden of chronic pain. Medical cannabis is expected to show positive interventions in overcoming pain. Furthermore, increasing number of countries passing bills for legalization of medical marijuana is expected to spur the market growth in the years to come.

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