Global Medical Cannabis Market, by Mental Health Management, by Type, 2018-2027

Growth Outlook

• The 2027 portion of the Global Medical Cannabis Market, by Mental Health Management, by Type, 2018 market is on a steady long-term growth path. Segment value stands at roughly USD 5561 Mn in 2026 and is projected to reach USD 6499 Mn by 2027 — a gain of about 17% over the forecast period, translating to a CAGR in the double digits.
• The global medical cannabis market has witnessed a significant increase in demand over the past few years, especially from the mental health management sector. This can be attributed to the growing awareness and acceptance of medical cannabis as an effective treatment for various mental health conditions.
• What the regional split looks like (2026): Anxiety leads, holding roughly 46% of segment value — the single largest regional share. Depression is the second-largest contributor. Others and Post Traumatic Stress Disorder (PTSD) make up the remainder, in descending order.
• By 2027, Anxiety alone is expected to reach USD 3006 Mn, with Depression at USD 2572 Mn.

Market Dynamics

The global medical cannabis market has witnessed a significant increase in demand over the past few years, especially from the mental health management sector. This can be attributed to the growing awareness and acceptance of medical cannabis as an effective treatment for various mental health conditions. One of the main reasons for this demand is the positive impact that medical cannabis has shown in managing symptoms of mental health issues like anxiety, depression, and PTSD. Studies have shown that certain compounds present in cannabis, such as CBD and THC, can interact with the brain's receptors and help alleviate symptoms of these conditions. This has led to an increasing number of mental health professionals recommending medical cannabis as a part of their treatment plans. Moreover, the opioid crisis and its detrimental effects on mental health have also been a major driving force behind the rise in demand for medical cannabis. Many people who suffer from chronic pain or mental health issues have turned to medical cannabis as a safer and more natural alternative to opioids. The addictive nature and negative side effects of opioids have made medical cannabis a preferred choice for many patients and healthcare providers.

Another factor contributing to the demand for medical cannabis in mental health management is the increasing legalization and decriminalization of the substance in various countries. This has not only made it more accessible to patients but has also paved the way for more research and studies on its effectiveness in treating mental health conditions. As more positive results are being reported, the demand for medical cannabis is only expected to increase in the coming years. Furthermore, the availability of a variety of medical cannabis products has also contributed to its growing demand. Patients can choose from different types such as oils, tinctures, edibles, and topicals, depending on their preferences and needs. This variety has made it easier for patients to find a form of medical cannabis that works best for them. In conclusion, the demand for medical cannabis in mental health management is on the rise, with more people recognizing its potential in improving their overall well-being. With the support of healthcare providers, increasing legalization, and a wide range of product options, the global medical cannabis market for mental health is expected to continue to grow in the years to come.

Research Methodology

Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2024.