Press release
Medical Marijuana Market Will Generate Record Revenue by 2029
Further, the demand for is increasing rapidly, particularly in the countries where medical marijuana is legalized. Recent Novel Food Ruling in Europe will further strengthen the growth of isolates in the future years. For instance, in November 2020, the European Court of Justice made the breakthrough declaration that is not considered to be a narcotic drug and EU member states may not prohibit the marketing of the same produced legally in another member state. Adding to this, the European Commission has resumed the investigation of applications for authorization of products as a 'Novel Food'.
Another major finding that adds to the market growth includes the tremendous benefits of for the treatment of disorders in children, such as epilepsy. For instance, in February 2021, GovernorPhil Murphy signed three bills for the legalization of recreational for adults of 21 years and older in New Jersey, the US. This is further expected to boost the market potential in the future years. Furthermore, some key players operating in the market include Aurora and Aphria, Inc., among others.
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Market Coverage
The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered
Regions Covered- Globally
Competitive Landscape: Aurora Inc., and Aphria, Inc., among others.
Medical Marijuana Market by Segmentation
By Derivative
Others
By Application
Cancer
Epilepsy
Migraine
Arthritis
Others
A full Report of Medical Marijuana Market is Available @ https://www.omrglobal.com/industry-reports/medical-marijuana-market
Medical Marijuana Market by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
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More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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