Rise in Usage Anticipated to Fuel the Growth of Medical Marijuana Market by 2023 | Major Players - Cara Therapeutics, Canopy Growth, Insys, Arena

Marijuana (marijuana) refers to the seeds taken from dried leaves, flowers, stems, and cannabis plants. There are two main active chemicals in Marijuanacannabidiol (CBD) and tetrahydrocannabinol (THC) that affect the brain and relieve pain. Marijuana provides pain relief in conditions such as fibromyalgia, grand mal seizures, and other medical conditions. Similarly, it reduces the symptoms of many serious medical symptoms such as AIDS, cancer and glaucoma.

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The market for medical marijuana has grown significantly due to increased disease prevalence and increased demand for pain relief from diseases such as cancer, AIDS, seizures and other diseases. In 2016, marijuana was medically available in Colombia, Macedonia, Israel, Germany, Australia and other countries.

Thus, as the number of countries that legitimize the use of medical marijuana increases, it is expected to stimulate market growth during the forecast period. In addition, the increase in the number of strict rules and regulations relating to medical marijuana, such as medical marijuana regulations and safety laws, and the number of licenses issued each year, defines the demand for marijuana in the market.

In addition, market growth is expected due to increased R & D investment and increased business strategy of marijuana companies. For example, Gibraltar Industries acquired Nexus Corporation in 2016 to strengthen its position as a greenhouse manufacturer and distributor. However, the complex regulatory framework for licensing hinders the market for medical marijuana.

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Major Players:

•Cara Therapeutics Inc.
•Canopy Growth
•Insys Therapeutics
•CannaGrow Holdings, Inc.
•Cannabis Sativa, Inc.
•Arena Pharmaceuticals

Key Benefits:

•This study provides an in-depth analysis of the worldwide market for medical marijuana and provides current trends and future perspectives to uncover investment trends.

•A comprehensive analysis of factors driving and limiting market growth is provided.

•The report provides quantitative analysis to enable stakeholders to take advantage of common market opportunities.

•A comprehensive analysis of the various segments makes it easy to understand the various products in the market.

•Create profiles of key players and thoroughly analyze strategies to predict market competitiveness.

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