According to a new report by Expert Market Research titled, “United States Medical Cannabis Market Share, Size, Report and Forecast 2024-2032″, the United States medical cannabis market reached a value of USD 13.46 billion in 2023. Aided by rising clinical trials and growing legalisation of cannabis, the market is projected to further grow at a CAGR of 12.2% between 2024 and 2032 to reach a value of USD 35.11 billion by 2032.
Medical cannabis refers to the use of the cannabis plant or its derivatives for the treatment of various ailments or conditions. The primary active compounds in cannabis, tetrahydrocannabinol (THC) and cannabidiol (CBD), have been observed to have potential therapeutic benefits, encompassing pain management, anxiety reduction, and seizure suppression, among others.
The United States medical cannabis market trends include rapid surge in research and development activities centred around cannabis’s therapeutic potential. Furthermore, continuous advancements in delivery mechanisms, like oils, tinctures, edibles, and topical applications, offer patients a variety of administration methods to meet their medical needs.
Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/united-states-medical-cannabis-market/requestsample
The United States medical cannabis market growth can be attributed to the expanded awareness and endorsement of cannabis as an alternative therapeutic modality. With an increasing number of clinical studies boosting the medical benefits of cannabis, especially in conditions like chronic pain, epilepsy, and multiple sclerosis, healthcare professionals are progressively considering it as part of their treatment section. As more states legalise the medical use of cannabis, their accessibility and acceptance among patients, are correspondingly rising.
The United States medical cannabis market analysis reveals that there is a rapid rise in strategic partnerships and collaborations between cannabis producers and pharmaceutical companies. These alliances aim to harness the therapeutic potential of cannabis, ensuring that products meet rigorous medical and scientific standards. Moreover, the establishment of specialised cannabis clinics and dispensaries is not only making medical cannabis more accessible to patients but is also ensuring that they receive the appropriate strains and dosages for their specific conditions.
The shifting societal attitude towards cannabis plays a critical role in bolstering the United States medical cannabis market demand. Medical cannabis is finding its wide application in mainstream medicine. This change is facilitated by dedicated patient advocacy groups, increasing educational initiatives, and the dissemination of knowledge regarding cannabis’s therapeutic applications.
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/united-states-medical-cannabis-market
Market Segmentation
The market can be divided based on product, species, application, distribution channel, and region.
Market Breakup by Product
• Buds
• Oils
• Tinctures
Market Breakup by Species
• Indica
• Sativa
• Hybrid
Market Breakup by Application
• Chronic Pain
• Mental Disorders
• Cancer
• Others
Market Breakup by Distribution Channel
• Dispensaries
• Pharmacies
• Online Retailers
Market Breakup by Region
• New England
• Mideast
• Great Lakes
• Plains
• Southeast
• Southwest
• Rocky Mountain
• Far West
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the United States medical cannabis market. Some of the major players explored in the report by Expert Market Research are as follows:
• Green Man Cannabis
• Los Sueños Farms LLC
• Copperstate Farms, LLC
• Harvest Health & Recreation, Inc.
• GrowHealthy Holdings, LLC
• Vireo Health of New York (OTC: VREOF)
• LivWell Enlightened Health LLC
• Others
Related Reports:
Corn Fibre Market: https://www.expertmarketresearch.com/reports/corn-fibre-market
Nisin Market: https://www.expertmarketresearch.com/reports/nisin-market
High-Performance Fibre Market: https://www.expertmarketresearch.com/reports/high-performance-fibre-market
Iraq PVC Pipes Market: https://www.expertmarketresearch.com/reports/iraq-pvc-pipes-market
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.
Don’t miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.
Media Contact:
Company Name: Claight Corporation
Contact Person: John Walker, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
