United States Medical Cannabis Market Trends and Price

The new report by Expert Market Research titled, ‘United States Medical Cannabis Market Price, Trends, Size, Share, Report and Forecast 2023-2028’, gives an in-depth analysis of the United States medical cannabis market, assessing the market based on its segments like buds, oils, tinctures, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Get a Free Sample Report with Table of Contents –

The key highlights of the report include:

Market Overview (2018-2028)

• Historical Market Size (2020): USD 6.27 billion
• Forecast CAGR (2023-2028): 46.5%
• Forecast Market Size (2026): USD 16.36 billion

Medical marijuana usage is subject to unusual fluctuations in disposable incomes, despite the fact that spending on health items is less likely to fluctuate. As a result, increased disposable income would boost demand for medical cannabis. The chronic pain segment dominates the application market.

United States Medical Cannabis Industry Definition and Major Segments

Cannabis is a psychoactive drug derived from the cannabis plant, which belongs to the Cannabaceae family. Ancient Indian, Chinese, Egyptian, and Islamic societies all used the drug. Cancer, chronic pain, depression, asthma, diabetes, glaucoma, migraines, epilepsy, multi-sclerosis, AIDS, amyotrophic lateral sclerosis (ALS), Alzheimer’s, post-traumatic stress disorder (PTSD), Parkinson’s, and Tourette’s are among the disorders with which cannabis is now used. Owing to its therapeutic effects, cannabis has been licenced for medical use in a number of countries with varying degrees of legal restrictions.

Read Full Report with Table of Contents –

Based on the product, the industry can be divided into:

• Buds
• Oils
• Tinctures

Based on species, the industry is segmented into:

• Indica
• Sativa
• Hybrid

The market can be broadly categorised based on its applications into:

• Chronic Pain
• Mental Disorders
• Cancer
• Others

The distribution channels can be divided into:

• Dispensaries
• Pharmacies
• Online Retailers

The EMR report looks into the regional markets like:

• New England
• Mideast
• Great Lakes
• Plains
• Southeast
• Southwest
• Rocky Mountain
• Far West

United States Medical Cannabis Market Trends

The region’s ageing population has aided in the growth of the medical cannabis industry, as geriatric patients are more likely to develop chronic diseases and need more doctor visits. Clinical trials, research and development, and the commercialization of cannabis-based indications are also expected to fuel market growth.

Key Market Players

The major players in the market are Green Man Cannabis, Los Sueños Farms LLC, Copperstate Farms, LLC, Harvest Health & Recreation, Inc., GrowHealthy Holdings, LLC, Vireo Health of New York (OTC: VREOF) and LivWell Enlightened Health LLC. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Related Reports:

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact

Company Name: Claight Corporation
Contact Person: John Walker, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA

Related Articles

Back to top button