Medical Marijuana Market
Medical Marijuana Market Study by Dried Flowers and Extract for Pain Management, Seizures, and Other Ailments from 2024 to 2034
Analysis of Medical Marijuana Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Global Medical Marijuana Market Outlook (2024 to 2034)
The medical marijuana market size value was US$ 14,155.6 million in 2019. The demand for medical marijuana is expected to surge at a CAGR of 16% from 2024 to 2034. In 2024, total sales of medical marijuana are estimated to be around US$ 30,088.1 million. The medical marijuana industry is expected to reach a net worth of around US$ 132,972.8 million by the end of 2034. As the demand for cannabis for medical use is increasing, the market is expected to grow over the forecast period.
Several governments have legalized the use of cannabis for medical purposes. Medicinal cannabis producers and suppliers are now able to reach markets that had previously been restricted, resulting in a considerable rise of the consumer base.
After 2019, the medical cannabis market witnessed a tremendous rise in demand due to the growing popularity of THC-infused medical products, particularly during the pandemic years of 2020 and 2021. Effective legal modifications in the last few years have also promoted the expansion of companies investing in cannabis cultivation for medical use by lowering the possibility of penalties for suppliers.
Medical Marijuana Market Trends and Analysis
A key factor for the rising adoption of cannabis is its acceptability by medical professionals. Market players are gaining a wider range of prospective customers as doctors are now more willing to prescribe medicinal marijuana. Medicinal marijuana prescriptions are now easier to obtain after the emergence of telemedicine and virtual medical marijuana consulting services.
The rising credibility of medical marijuana as a therapeutic option has led to the discovery and production of several types of medical cannabis strains and has fueled market growth. Likewise, the growing options of different types of CBD-infused healthcare products have increased the popularity of CBD oil obtained from marijuana plants and their residues. Further research and studies on marijuana for patient care are anticipated to propel the demand for its medical applications and strengthen the market trends.
| Report Attributes | Details |
|---|---|
| Estimated Market Value (2024E) | US$ 30,088.1 million |
| Forecasted Market Value (2034F) | US$ 132,972.8 million |
| Global Market Growth Rate (2024 to 2034) | 16% CAGR |
| Extract Form Segment Growth Rate (2024 to 2034) | 16.1% CAGR |
| Seizures Segment Growth Rate (2024 to 2034) | 16.3% CAGR |
| Retail Pharmacies Segment Growth Rate (2024 to 2034) | 16.3% CAGR |
| North America Market Share (2024) | 16.1% |
| Latin America Market Share (2024) | 15.5% |
| Key Companies Profiled |
|
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What are the Notable Factors Propelling Growth in the Medical Marijuana Market?
“Research for Better Understanding and Awareness about Marijuana Health Benefits”
Ongoing research and studies on the cannabis plant have provided healthcare professionals with important knowledge about its therapeutic uses. A better understanding of the cannabis properties allows them to create specialized products that address certain medical requirements. For instance, marijuana for anxiety relief and for neurological disorders are the two prominent products that have gained enough recognition in the last few years.
Patients' trust in medicinal marijuana has increased significantly after several educational and awareness programs organized by botanists and healthcare professionals regarding the ethical consumption of marijuana. Moreover, reducing stigma via cultural shifts has encouraged producers to gain higher sales and revenue.
Country-wise Insights
| Country | CAGR (2024 to 2034) |
|---|---|
| United States | 16.1% CAGR |
| Brazil | 16.1% CAGR |
Why is the United States Dominating the Medical Marijuana Market?
“Favorable Regulatory Frameworks in the United States Stimulate Market Growth”
The medical cannabis industry of North America is estimated to account for 34.5% of the global revenue, valued at US$ 10,325 million in 2024. By funding educational programs, many market players in the country have established their global legitimacy and brand loyalty as trustworthy suppliers of legal medical marijuana products.
Favorable regulations in the United States have eliminated the obstacles for producers, processors, and suppliers of medical cannabis products, allowing them to work more productively. By capitalizing on the export requirements and modern diversification techniques, companies in the country are now in a better position to penetrate the other regional markets and serve a wider range of patient demographics.
The consumption of medical marijuana in the United States is poised to increase at a CAGR of 16.1% and reach a value of US$ 28,212 million by 2034. On the other hand, the demand for medical marijuana in Canada is observed to be growing at a faster rate of 16.3% until 2034.
Which Countries are the Leading Producers of Medical Marijuana in Latin America?
“Brazil and Chile Hold Nearly One-fourth of the Latin America Market Share”
Latin America follows North America in the production and marketing of different medical cannabis strains and is poised to have a market of US$ 4,451 million worth in 2024. Increased investments by healthcare institutes and government organizations in Latin America are providing regional market participants with the necessary capital for research, development, and infrastructure for the medical cannabis industry.
Over the next ten years, the overall demand for medical marijuana in Latin America is expected to surge at a rate of 15.5% on average. By the end of the forecast period, sales of medical marijuana in Brazil, Chile, and the rest of Latin America combined are expected to garner a revenue of around US$ 18,799 million.
Brazil is expected to be the leading producer of medical marijuana in 2024, contributing almost 14.2% of the regional market revenue. Traditionally several strains are cultivated in Brazil to meet the unique requirements of various medical problems and export of processed marijuana. The medical marijuana industry in Brazil is anticipated to advance at a CAGR of 16.1% from 2024 to 2034 and conclude at a net worth of US$ 2,818 million by 2034.
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Category-wise Insights
Which Product Type is Highly Preferred by Patients?
“Marijuana Extracts Driving Market Sales”
| Attribute | Details |
|---|---|
| Market Share in 2024 | 65.2% |
Based on the product type, the extract form is estimated to contribute to 65.2% of the total market sales in 2024. Technological advancements have enabled manufacturers to obtain extracts that are specifically based on individual patient requirements. So, the demand for medical marijuana in extract form is expected to rise at a CAGR of 16.1% from 2024 to 2034.
The other market segment of medical marijuana in dried flower form is mainly driven by its growing requirement in pharmaceutical industries and health care institutes to some extent. Though the general belief requires more scientific backing, the most prominent use of medical marijuana in flower form is due to the connection between cannabis and cancer treatment. The market share of this segment is likely to progress at a CAGR of 15.9% through 2034.
Which is the Prominent Sales Channel in the Medical Marijuana Market?
“Higher Sales of Medical Marijuana Products via Offline Retail Channels”
| Attribute | Details |
|---|---|
| Market Share in 2024 | 77.6% |
Sales of 77.6% of the total marijuana for chronic pain and other related ailments are expected to be through offline retail channels in 2024. A further closer look at the prevalent market trends suggests the sales of medical marijuana products through this segment are likely to increase at a CAGR of 16.3% until 2034.
Supply chain optimization is expected to increase productivity and guarantee a dependable and consistent market for medical cannabis industries operating currently. So, new entrants in this sector, as well as some established players, are continuously increasing their presence over online platforms and are driving the e-commerce distribution channel segment. Through the projection years, the sales of medical marijuana products through online channels are poised to increase at a CAGR of 15.1%.
Competitive Landscape
Key players in the medical marijuana market include Tilray, Aurora Cannabis, Canopy Growth Corporation, Aphria, Inc., Maricann Group, Inc., Tikun Olam, Ltd., MedReleaf. Corp., GW Pharmaceuticals plc., Cannabis Sativa, Inc., and Medical Marijuana, Inc.
The competition among medical marijuana producers and suppliers is particularly rising in countries of North America and Latin America where cannabis therapy is legal. Leading players have been able to set themselves apart from the competition through ongoing innovation and diversification of products prepared from cannabis as a medicine. Meanwhile, financial support from healthcare institutes and pharmaceutical industries is aiding emerging players in scaling up their operations and gaining a competitive advantage in the market.
Recent Developments by Medical Marijuana Industry Participants
- In February 2023, Metrc announced that it had expanded its agreement with the State of Missouri to facilitate the regulation of its adult-use cannabis industry.
- In April 2022, seven medical marijuana firms were given permission to sell their goods to all adults. It was the first instance of legalized marijuana sales in New York City.
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Key Segments Covered by Medical Marijuana Industry Survey Report
-
By Product Type:
- Dried flower
- Extract Form
-
By Indication Type:
- Pain Management
- Seizure
- Other Ailments
-
By Distribution Channel:
- Retail pharmacies
- Retail Pharmacies
- Drug Stores
- Online Sales
- Supermarket or Hypermarket
- E-commerce Channels
- Retail pharmacies
-
By Region:
- North America Market
- Europe Market
- Latin America Market
- East Asia Market
- South Asia & Oceania Market
- Middle East & Africa (MEA) Market
Table of Content
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Product Type, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Product Type, 2024 to 2034 5.3.1. Flower 5.3.2. Oil & Tinctures 5.4. Y-o-Y Growth Trend Analysis By Product Type, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Product Type, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Application, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Application, 2024 to 2034 6.3.1. Cancer 6.3.2. Chronic Pain 6.3.3. Depression and Anxiety 6.3.4. Arthritis 6.3.5. Diabetes 6.3.6. Glaucoma 6.3.7. Migraines 6.3.8. Epilepsy 6.3.9. Multiple Sclerosis 6.3.10. AIDS 6.3.11. Amyotrophic Lateral Sclerosis 6.3.12. Alzheimer’s Disease 6.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Region, 2019 to 2023 7.3. Current Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Region, 2024 to 2034 7.3.1. North America 7.3.2. Latin America 7.3.3. Western Europe 7.3.4. Eastern Europe 7.3.5. South Asia and Pacific 7.3.6. East Asia 7.3.7. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 8.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 8.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 8.2.1. By Country 8.2.1.1. U.S. 8.2.1.2. Canada 8.2.2. By Product Type 8.2.3. By Application 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Product Type 8.3.3. By Application 8.4. Key Takeaways 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Product Type 9.2.3. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Product Type 9.3.3. By Application 9.4. Key Takeaways 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. U.K. 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Western Europe 10.2.2. By Product Type 10.2.3. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Product Type 10.3.3. By Application 10.4. Key Takeaways 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Poland 11.2.1.2. Russia 11.2.1.3. Czech Republic 11.2.1.4. Romania 11.2.1.5. Rest of Eastern Europe 11.2.2. By Product Type 11.2.3. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Product Type 11.3.3. By Application 11.4. Key Takeaways 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Bangladesh 12.2.1.3. Australia 12.2.1.4. New Zealand 12.2.1.5. Rest of South Asia and Pacific 12.2.2. By Product Type 12.2.3. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Product Type 12.3.3. By Application 12.4. Key Takeaways 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Product Type 13.2.3. By Application 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Product Type 13.3.3. By Application 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Product Type 14.2.3. By Application 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Product Type 14.3.3. By Application 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. U.S. 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2023 15.1.2.1. By Product Type 15.1.2.2. By Application 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2023 15.2.2.1. By Product Type 15.2.2.2. By Application 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2023 15.3.2.1. By Product Type 15.3.2.2. By Application 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2023 15.4.2.1. By Product Type 15.4.2.2. By Application 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2023 15.5.2.1. By Product Type 15.5.2.2. By Application 15.6. U.K. 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2023 15.6.2.1. By Product Type 15.6.2.2. By Application 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2023 15.7.2.1. By Product Type 15.7.2.2. By Application 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2023 15.8.2.1. By Product Type 15.8.2.2. By Application 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2023 15.9.2.1. By Product Type 15.9.2.2. By Application 15.10. Poland 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2023 15.10.2.1. By Product Type 15.10.2.2. By Application 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2023 15.11.2.1. By Product Type 15.11.2.2. By Application 15.12. Czech Republic 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2023 15.12.2.1. By Product Type 15.12.2.2. By Application 15.13. Romania 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2023 15.13.2.1. By Product Type 15.13.2.2. By Application 15.14. India 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2023 15.14.2.1. By Product Type 15.14.2.2. By Application 15.15. Bangladesh 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2023 15.15.2.1. By Product Type 15.15.2.2. By Application 15.16. Australia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2023 15.16.2.1. By Product Type 15.16.2.2. By Application 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2023 15.17.2.1. By Product Type 15.17.2.2. By Application 15.18. China 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2023 15.18.2.1. By Product Type 15.18.2.2. By Application 15.19. Japan 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2023 15.19.2.1. By Product Type 15.19.2.2. By Application 15.20. South Korea 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2023 15.20.2.1. By Product Type 15.20.2.2. By Application 15.21. GCC Countries 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2023 15.21.2.1. By Product Type 15.21.2.2. By Application 15.22. South Africa 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2023 15.22.2.1. By Product Type 15.22.2.2. By Application 15.23. Israel 15.23.1. Pricing Analysis 15.23.2. Market Share Analysis, 2023 15.23.2.1. By Product Type 15.23.2.2. By Application 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Product Type 16.3.3. By Application 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Tilray Medical 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. Aurora Cannabis 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Canopy Growth Corporation 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. Aphria, Inc 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. Maricann Group, Inc 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Tikun Olam, Ltd 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. MedReleaf. Corp 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. GW Pharmaceuticals plc 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. Cannabis Sativa, Inc. 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 17.1.10. Medical Marijuana, Inc. 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.10.5.2. Product Strategy 17.1.10.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ Mn) Forecast by Region, 2019 to 2034
Table 2: Global Market Volume (Tons) Forecast by Region, 2019 to 2034
Table 3: Global Market Value (US$ Mn) Forecast by Product Type, 2019 to 2034
Table 4: Global Market Volume (Tons) Forecast by Product Type, 2019 to 2034
Table 5: Global Market Value (US$ Mn) Forecast by Application, 2019 to 2034
Table 6: Global Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 7: North America Market Value (US$ Mn) Forecast by Country, 2019 to 2034
Table 8: North America Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 9: North America Market Value (US$ Mn) Forecast by Product Type, 2019 to 2034
Table 10: North America Market Volume (Tons) Forecast by Product Type, 2019 to 2034
Table 11: North America Market Value (US$ Mn) Forecast by Application, 2019 to 2034
Table 12: North America Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 13: Latin America Market Value (US$ Mn) Forecast by Country, 2019 to 2034
Table 14: Latin America Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 15: Latin America Market Value (US$ Mn) Forecast by Product Type, 2019 to 2034
Table 16: Latin America Market Volume (Tons) Forecast by Product Type, 2019 to 2034
Table 17: Latin America Market Value (US$ Mn) Forecast by Application, 2019 to 2034
Table 18: Latin America Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 19: Western Europe Market Value (US$ Mn) Forecast by Country, 2019 to 2034
Table 20: Western Europe Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 21: Western Europe Market Value (US$ Mn) Forecast by Product Type, 2019 to 2034
Table 22: Western Europe Market Volume (Tons) Forecast by Product Type, 2019 to 2034
Table 23: Western Europe Market Value (US$ Mn) Forecast by Application, 2019 to 2034
Table 24: Western Europe Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 25: Eastern Europe Market Value (US$ Mn) Forecast by Country, 2019 to 2034
Table 26: Eastern Europe Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 27: Eastern Europe Market Value (US$ Mn) Forecast by Product Type, 2019 to 2034
Table 28: Eastern Europe Market Volume (Tons) Forecast by Product Type, 2019 to 2034
Table 29: Eastern Europe Market Value (US$ Mn) Forecast by Application, 2019 to 2034
Table 30: Eastern Europe Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 31: South Asia and Pacific Market Value (US$ Mn) Forecast by Country, 2019 to 2034
Table 32: South Asia and Pacific Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 33: South Asia and Pacific Market Value (US$ Mn) Forecast by Product Type, 2019 to 2034
Table 34: South Asia and Pacific Market Volume (Tons) Forecast by Product Type, 2019 to 2034
Table 35: South Asia and Pacific Market Value (US$ Mn) Forecast by Application, 2019 to 2034
Table 36: South Asia and Pacific Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 37: East Asia Market Value (US$ Mn) Forecast by Country, 2019 to 2034
Table 38: East Asia Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 39: East Asia Market Value (US$ Mn) Forecast by Product Type, 2019 to 2034
Table 40: East Asia Market Volume (Tons) Forecast by Product Type, 2019 to 2034
Table 41: East Asia Market Value (US$ Mn) Forecast by Application, 2019 to 2034
Table 42: East Asia Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 43: Middle East and Africa Market Value (US$ Mn) Forecast by Country, 2019 to 2034
Table 44: Middle East and Africa Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 45: Middle East and Africa Market Value (US$ Mn) Forecast by Product Type, 2019 to 2034
Table 46: Middle East and Africa Market Volume (Tons) Forecast by Product Type, 2019 to 2034
Table 47: Middle East and Africa Market Value (US$ Mn) Forecast by Application, 2019 to 2034
Table 48: Middle East and Africa Market Volume (Tons) Forecast by Application, 2019 to 2034
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List Of Figures
Figure 1: Global Market Value (US$ Mn) by Product Type, 2024 to 2034
Figure 2: Global Market Value (US$ Mn) by Application, 2024 to 2034
Figure 3: Global Market Value (US$ Mn) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Mn) Analysis by Region, 2019 to 2034
Figure 5: Global Market Volume (Tons) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Mn) Analysis by Product Type, 2019 to 2034
Figure 9: Global Market Volume (Tons) Analysis by Product Type, 2019 to 2034
Figure 10: Global Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 11: Global Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 12: Global Market Value (US$ Mn) Analysis by Application, 2019 to 2034
Figure 13: Global Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 14: Global Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 15: Global Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 16: Global Market Attractiveness by Product Type, 2024 to 2034
Figure 17: Global Market Attractiveness by Application, 2024 to 2034
Figure 18: Global Market Attractiveness by Region, 2024 to 2034
Figure 19: North America Market Value (US$ Mn) by Product Type, 2024 to 2034
Figure 20: North America Market Value (US$ Mn) by Application, 2024 to 2034
Figure 21: North America Market Value (US$ Mn) by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Mn) Analysis by Country, 2019 to 2034
Figure 23: North America Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 26: North America Market Value (US$ Mn) Analysis by Product Type, 2019 to 2034
Figure 27: North America Market Volume (Tons) Analysis by Product Type, 2019 to 2034
Figure 28: North America Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 29: North America Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 30: North America Market Value (US$ Mn) Analysis by Application, 2019 to 2034
Figure 31: North America Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 34: North America Market Attractiveness by Product Type, 2024 to 2034
Figure 35: North America Market Attractiveness by Application, 2024 to 2034
Figure 36: North America Market Attractiveness by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Mn) by Product Type, 2024 to 2034
Figure 38: Latin America Market Value (US$ Mn) by Application, 2024 to 2034
Figure 39: Latin America Market Value (US$ Mn) by Country, 2024 to 2034
Figure 40: Latin America Market Value (US$ Mn) Analysis by Country, 2019 to 2034
Figure 41: Latin America Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 44: Latin America Market Value (US$ Mn) Analysis by Product Type, 2019 to 2034
Figure 45: Latin America Market Volume (Tons) Analysis by Product Type, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 48: Latin America Market Value (US$ Mn) Analysis by Application, 2019 to 2034
Figure 49: Latin America Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 50: Latin America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 52: Latin America Market Attractiveness by Product Type, 2024 to 2034
Figure 53: Latin America Market Attractiveness by Application, 2024 to 2034
Figure 54: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 55: Western Europe Market Value (US$ Mn) by Product Type, 2024 to 2034
Figure 56: Western Europe Market Value (US$ Mn) by Application, 2024 to 2034
Figure 57: Western Europe Market Value (US$ Mn) by Country, 2024 to 2034
Figure 58: Western Europe Market Value (US$ Mn) Analysis by Country, 2019 to 2034
Figure 59: Western Europe Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 62: Western Europe Market Value (US$ Mn) Analysis by Product Type, 2019 to 2034
Figure 63: Western Europe Market Volume (Tons) Analysis by Product Type, 2019 to 2034
Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 66: Western Europe Market Value (US$ Mn) Analysis by Application, 2019 to 2034
Figure 67: Western Europe Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 68: Western Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 70: Western Europe Market Attractiveness by Product Type, 2024 to 2034
Figure 71: Western Europe Market Attractiveness by Application, 2024 to 2034
Figure 72: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 73: Eastern Europe Market Value (US$ Mn) by Product Type, 2024 to 2034
Figure 74: Eastern Europe Market Value (US$ Mn) by Application, 2024 to 2034
Figure 75: Eastern Europe Market Value (US$ Mn) by Country, 2024 to 2034
Figure 76: Eastern Europe Market Value (US$ Mn) Analysis by Country, 2019 to 2034
Figure 77: Eastern Europe Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 80: Eastern Europe Market Value (US$ Mn) Analysis by Product Type, 2019 to 2034
Figure 81: Eastern Europe Market Volume (Tons) Analysis by Product Type, 2019 to 2034
Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 84: Eastern Europe Market Value (US$ Mn) Analysis by Application, 2019 to 2034
Figure 85: Eastern Europe Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 88: Eastern Europe Market Attractiveness by Product Type, 2024 to 2034
Figure 89: Eastern Europe Market Attractiveness by Application, 2024 to 2034
Figure 90: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 91: South Asia and Pacific Market Value (US$ Mn) by Product Type, 2024 to 2034
Figure 92: South Asia and Pacific Market Value (US$ Mn) by Application, 2024 to 2034
Figure 93: South Asia and Pacific Market Value (US$ Mn) by Country, 2024 to 2034
Figure 94: South Asia and Pacific Market Value (US$ Mn) Analysis by Country, 2019 to 2034
Figure 95: South Asia and Pacific Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 98: South Asia and Pacific Market Value (US$ Mn) Analysis by Product Type, 2019 to 2034
Figure 99: South Asia and Pacific Market Volume (Tons) Analysis by Product Type, 2019 to 2034
Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 102: South Asia and Pacific Market Value (US$ Mn) Analysis by Application, 2019 to 2034
Figure 103: South Asia and Pacific Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 106: South Asia and Pacific Market Attractiveness by Product Type, 2024 to 2034
Figure 107: South Asia and Pacific Market Attractiveness by Application, 2024 to 2034
Figure 108: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 109: East Asia Market Value (US$ Mn) by Product Type, 2024 to 2034
Figure 110: East Asia Market Value (US$ Mn) by Application, 2024 to 2034
Figure 111: East Asia Market Value (US$ Mn) by Country, 2024 to 2034
Figure 112: East Asia Market Value (US$ Mn) Analysis by Country, 2019 to 2034
Figure 113: East Asia Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 116: East Asia Market Value (US$ Mn) Analysis by Product Type, 2019 to 2034
Figure 117: East Asia Market Volume (Tons) Analysis by Product Type, 2019 to 2034
Figure 118: East Asia Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 120: East Asia Market Value (US$ Mn) Analysis by Application, 2019 to 2034
Figure 121: East Asia Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 122: East Asia Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 123: East Asia Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 124: East Asia Market Attractiveness by Product Type, 2024 to 2034
Figure 125: East Asia Market Attractiveness by Application, 2024 to 2034
Figure 126: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 127: Middle East and Africa Market Value (US$ Mn) by Product Type, 2024 to 2034
Figure 128: Middle East and Africa Market Value (US$ Mn) by Application, 2024 to 2034
Figure 129: Middle East and Africa Market Value (US$ Mn) by Country, 2024 to 2034
Figure 130: Middle East and Africa Market Value (US$ Mn) Analysis by Country, 2019 to 2034
Figure 131: Middle East and Africa Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 134: Middle East and Africa Market Value (US$ Mn) Analysis by Product Type, 2019 to 2034
Figure 135: Middle East and Africa Market Volume (Tons) Analysis by Product Type, 2019 to 2034
Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 138: Middle East and Africa Market Value (US$ Mn) Analysis by Application, 2019 to 2034
Figure 139: Middle East and Africa Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 142: Middle East and Africa Market Attractiveness by Product Type, 2024 to 2034
Figure 143: Middle East and Africa Market Attractiveness by Application, 2024 to 2034
Figure 144: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
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- FAQs -
What was the Value of the Medical Marijuana Market in 2019?
The medical marijuana market was worth US$ 14,155.6 million in 2019.
What is the Sales Outlook for Medical Marijuana in 2024?
The medical marijuana market is likely to be valued at US$ 30,088.1 million in 2024.
What is the Demand Forecast for Medical Marijuana by 2034?
The medical marijuana market is likely to reach US$ 132,972.8 million by the end of 2034.
What is the Predicted Growth Rate for the Medical Marijuana Market?
The adoption of medical marijuana is projected to rise at a CAGR of 16% through 2034.
At What Rate is the United States Medical Marijuana Market Predicted to Grow?
The United States medical marijuana market is likely to register a CAGR of 16.1% through 2034.
Medical Marijuana Market