Press release
Medical Marijuana Market Competitive Analysis and Perception to Improve R&D Strategies by 2023
The increase in the prevalence of diseases and growth in demand for relieving pain in conditions such as cancer, AIDS, seizures, and other diseases majorly drive the medical marijuana market. In 2016, countries such as Colombia, Macedonia, Israel, Germany, Australia, and others allowed the medical use of marijuana.
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Thus, the rise in a number of countries legalizing the use of medical marijuana is anticipated to fuel the growth of the market during the forecast period. Furthermore, the stringent rules and regulations associated with medical marijuana such as Medical Marijuana Regulation and Safety Act and increase in a number of a license issued every year stipulate demand of Marijuana in the market.
Moreover, growth in investment in R&D and increase in business strategies by companies of marijuana is expected to impel the market growth. For instance, in 2016, Gibraltar Industries acquired Nexus Corporation strengthening its position as greenhouse manufacturer and distributor. However, the complex regulatory framework to obtain license majorly hinders the medical marijuana market.
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Major Players:
•Insys Therapeutics
•Cara Therapeutics Inc.
•Canopy Growth
•CannaGrow Holdings, Inc.
•Cannabis Sativa, Inc.
•Arena Pharmaceuticals
•Aphria
•GW Pharmaceuticals, plc
•Lexaria Corp
•International Consolidated Companies, Inc.
Key Benefits:
•The report provides a quantitative analysis to help the stakeholders to capitalize on prevailing market opportunities.
•The study provides an in-depth analysis of the global medical marijuana market, with current trends and future estimations to elucidate the investment pockets.
•Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
•Extensive analysis of different segments facilitates to understand various products of the market.
•Key players are profiled and their strategies are analyzed thoroughly, which predict the competitive outlook of the market.
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
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