Americas Medical Cannabis Market (USD Million), 2018-2027

Year AMERICAS
2018 $ 5914.39
2019 $ 7777.87
2020 $ 9733.74
2021 $ 11398.18
2022 $ 12989.88
2023 $ 14747.47
2024 $ 16689.97
2025 $ 18736.44
2026 $ 20959.65
2027 $ 23337.67
  • To Get Uninterrupted Charts Access Please Subscribe
  • Dedicated Client Service Manager
  • Dedicated Analyst Support
  • View access to 2 million data
Americas Medical Cannabis Market (USD Million), 2018-2027

Synopsis
The above chart is Americas Medical Cannabis Market (USD Million), 2018-2027

Market Dynamics

cannabis, also known as marijuana, has been widely used for medicinal purposes for centuries. however, in recent years, there has been a surge in the demand for medical cannabis in the americas. this can be attributed to the growing acceptance and legalization of cannabis for medical use in various countries in north and south america. one of the major factors driving the demand for medical cannabis in the americas is the increasing awareness about its potential health benefits. research has shown that medical cannabis can be used to treat a variety of conditions such as chronic pain, epilepsy, anxiety, and even cancer. this has led to a shift in perception towards cannabis, with more people viewing it as a legitimate form of medicine rather than a recreational drug. another major factor contributing to the demand for medical cannabis in the americas is the opioid epidemic. opioids, commonly prescribed for pain management, have led to a widespread addiction problem in the region. as a result, many patients and doctors are turning to medical cannabis as a safer and non-addictive alternative for pain relief. this trend is expected to continue as more research is conducted on the potential of medical cannabis as a pain management tool. the increasing number of countries legalizing medical cannabis in the americas is also a significant factor in the market demand. canada, uruguay, and several states in the united states have already legalized medical cannabis, while mexico, argentina, and colombia are in the process of legalizing it. this has opened up a new market for medical cannabis, leading to an increase in both domestic and international demand. furthermore, the covid-19 pandemic has also played a role in boosting the demand for medical cannabis in the americas. with many people stuck at home and facing increased levels of stress and anxiety, there has been a rise in the use of medical cannabis as a means of self-medication. this has led to an increase in demand for medical cannabis products such as oils, tinctures, and edibles. in conclusion, the demand for medical cannabis in the americas is driven by a combination of factors including increased awareness about its health benefits, the opioid epidemic, legalization efforts, and the impact of the covid-19 pandemic. as more countries continue to legalize medical cannabis, the demand is expected to rise, and the market is poised for significant growth in the coming years.

Further Content:You might find this interesting as well

Industries List

OTHER STATISTICS ON THE TOPIC

No Simillar Charts
SINGLE SEAT SOLUTIONS FOR INDIVIDUALS AND SMALL BUSINESSES
Efficient research: Relevant data available at a click

Starter Account

$49 USD/month

* Billed Annually

  • Download XLS, PNG & PPT
  • View Access to 1 Million Data
  • View Access to Entire Platform

Single User Account

$599 USD/month

* Billed Annually

  • Dedicated Client Service Manager
  • Download XLS, PNG & PPT
  • View access to 2 million data
  • View Access to Entire Platform

Business Account

$899 USD/month

* Billed Annually

  • Dedicated Client Service Manager
  • Dedicated Analyst Support
  • Suggestive request box to accommodate new markets during subscription period
  • Access to the entire data & statistics with download rights for up to 10000 Premium statistics per 12 months without publication rights
  • View Access to Entire Platform
CONTACT

Closebutton

Stay Ahead with Exclusive Data!

Subscribe Now to Access Our Market Research Platform,and Charts
for B2B and B2C Industries. Empower Your Business with Insights