Press release
Legal Marijuana Market (Medical, Recreational) Size, Growth, Trend and Forecast to 2022 - By MarketReportsOnline.com
Legal Marijuana Market (Medical & Recreational) with Focus on US & Canada
The key factors driving the growth of the marijuana/cannabis market are technological advancement, premium pricing due to high energy consumption in marijuana production, changing people’s attitude toward marijuana use and growing business opportunities, increasing business sophistication, large base of potential cannabis consumers, medical cannabis on the rise, increasing licensed producers and the growth of the vaporizer industry. Some of the trends and developments of this industry include national expansion & brand growth, cannabis as healthcare treatment and innovative product development. However, the expansion of marijuana/cannabis market is hindered by legal issues, unfavorable taxes, lack of federal support, lack of banking and financial services and pesticides use issues.
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Cannabis, also known as marijuana, is a family of plants called Cannabaceae. There are more than 700 varieties of cannabis that have been described so far. Based on characteristics such as shape, color, height, smell, it is usually recognized by two main types: Cannabis Sativa, a native of the Western Hemisphere and Cannabis Indica, a native of Central and South Asia.
Marijuana/Cannabis is mostly used as recreational and medicinal drug. Cannabis as a medicine can be found in the ancient Chinese tradition several thousand years ago. The indications showed various therapeutic applications, such as malaria, rheumatic pains, constipation, reproductive system disorders and others. Medical cannabis refers to cannabis and its cannabinoid components, such as tetrahydrocannabinol (THC) and cannabidiol (CBD), which are used as treatments for treating diseases or alleviating the symptoms of these diseases.
In addition to the legalization of medical marijuana, there are states which have also legalized the recreational use of this drug for adults who are 21 years old or older. So far, eight states have legalized recreational marijuana use, and 29 states allow marijuana use for medical purposes in the US. These changes in state laws have helped the growth of the cannabis industry.
Few Points from List of Figures Provided in Marijuana Legalization Market:
Overview of Marijuana Legalization Models
The US Legal Marijuana Market Forecast by Value (2016-2021)
The US Legal Marijuana Market Forecast - Medical and Recreational (2016-2021)
The US Medical Marijuana Medical Sales By Region (2016)
The US Cannabis Industry - Total Economic Impact Forecast (2016-2021)
The US Prevalence Rate of Marijuana by Age Group (2016
The US Medical Marijuana Patient Breakdown by Medical Condition (2016)
Colorado Marijuana Market Forecast by Type (2016-2021)
Colorado Marijuana Sales By Ingestion Method (2016)
Washington Marijuana Market Forecast by Value (2016-2021)
Washington Marijuana Sales By Ingestion Method (2016)
Massachusetts Marijuana Market Forecast by Value (2016-2021)
Vermont Medical Marijuana Market Forecast by Value (2016-2021)
Illinois Medical Marijuana Market Forecast by Value (2016-2021)
Florida Medical Marijuana Market Forecast by Value (2017-2021)
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