Global Medical Cannabis Market, by Derivative ,

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

Market Dynamics

the global medical cannabis market is rapidly expanding as more and more countries and states are legalizing the use of cannabis for medical purposes. cannabis, also known as marijuana or weed, comes from the cannabis sativa plant and contains various cannabinoids that have been found to have medicinal properties. the medical cannabis market can be divided into several different categories based on the derivatives of the plant that are being used for treatment. one of the most commonly used derivatives of medical cannabis is cbd, or cannabidiol. cbd is a non-psychoactive compound found in the cannabis plant and is known for its therapeutic properties. it is being used to treat a variety of conditions such as chronic pain, epilepsy, and anxiety. the demand for cbd is constantly increasing as more research is being done on its potential benefits and as it becomes more widely accepted by the medical community. another important derivative of medical cannabis is thc, or tetrahydrocannabinol. unlike cbd, thc is a psychoactive compound that is responsible for the “high” associated with marijuana use. however, it also has medicinal properties and is being used to treat conditions such as nausea and vomiting in cancer patients, chronic pain, and multiple sclerosis. the demand for thc-based medical cannabis products is also on the rise as more patients are seeking alternatives to traditional medications. aside from cbd and thc, there are other derivatives of medical cannabis that are gaining traction in the market. one of them is cbn, or cannabinol, which is known for its sedative and antibacterial properties. it is used to treat insomnia, glaucoma, and skin infections. another derivative, cbg, or cannabigerol, has been found to have anti-inflammatory and anti-tumor effects and is being studied for its potential use in treating cancer. the demand for medical cannabis derivatives is also fueled by the growing trend of using natural and plant-based remedies for treating various health conditions. people are becoming more aware of the potential benefits of cannabis and are seeking alternatives to traditional pharmaceutical drugs. additionally, the aging population and increasing prevalence of chronic diseases are also driving the demand for medical cannabis derivatives. in conclusion, the global medical cannabis market is rapidly growing and diversifying as more derivatives of the plant are being recognized for their medicinal properties. the demand for cbd, thc, and other cannabinoids is increasing as people are seeking natural and alternative treatments for various health conditions. as more research is conducted on the potential benefits of medical cannabis, the demand for its derivatives is expected to continue to rise.