Middle East & Africa Medical Cannabis Market, by Derivative (USD Million), 2018-2027

Year CANNABIDIOL TETRAHYDROCANNABINOL
2018 $ 5.49 $ 2.08
2019 $ 21.77 $ 8.26
2020 $ 45.38 $ 17.28
2021 $ 76.3 $ 29.15
2022 $ 115.27 $ 44.17
2023 $ 166.16 $ 63.86
2024 $ 232.84 $ 89.77
2025 $ 331.59 $ 128.23
2026 $ 436.23 $ 169.22
2027 $ 561.84 $ 218.6
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Middle East & Africa Medical Cannabis Market, by Derivative (USD Million), 2018-2027

Synopsis
The above chart is Middle East & Africa Medical Cannabis Market, by Derivative (USD Million), 2018-2027

Market Dynamics

in recent years, a growing push for medical cannabis legalization has been witnessed in many countries around the world, especially in the middle east and africa region. this shift in attitudes towards the use of cannabis for medical purposes comes as a result of the increasing recognition of its potential health benefits and the growing body of scientific evidence supporting its therapeutic properties. one of the key factors driving the demand for medical cannabis in the middle east and africa region is the rising prevalence of chronic diseases such as cancer, multiple sclerosis, and epilepsy. these debilitating conditions often cause severe pain, nausea, and other symptoms that can be alleviated by medical cannabis. as a result, patients and their families are increasingly advocating for the legalization of cannabis for medical use. in addition, governments in the region are also starting to recognize the potential economic benefits of a regulated medical cannabis market. the growing demand for cannabis-based products has created new opportunities for businesses to enter the market and tap into this emerging industry. this has led to the creation of new jobs, investment opportunities, and potential for economic growth. in terms of derivatives, there is a significant demand for both oils and dried flower products in the middle east and africa medical cannabis market. oils, in particular, are becoming increasingly popular due to their ease of use and precise dosing, making them more attractive to the medical community. dried flower products, on the other hand, are preferred by patients who prefer to consume cannabis in its more natural form. another factor driving the increased demand for medical cannabis in the region is the growing acceptance and understanding of its potential medical benefits. in the past, cannabis was viewed as a recreational drug with no medicinal value. however, with more research being conducted and a better understanding of its potential, attitudes are changing and medical cannabis is gaining more support from healthcare professionals and the general public. in conclusion, the middle east and africa medical cannabis market is experiencing a significant increase in demand as a result of several factors including rising prevalence of chronic diseases, recognition of potential economic benefits, and increased acceptance and understanding of its therapeutic properties. as the industry continues to grow and evolve, it is expected that the demand for medical cannabis in this region will only continue to increase.

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