US Medical Cannabis Market, by Product Type (USD Million), 2018-2027

Year SOLIDS DISSOLVABLES/POWDERS OIL OINTMENTS & CREAMS
2018 $ 713.73 $ 2017.13 $ 1492.96 $ 220.17
2019 $ 965.61 $ 2740.06 $ 2051.92 $ 302.42
2020 $ 1229.03 $ 3504.06 $ 2653.93 $ 389.98
2021 $ 1440.01 $ 4128.2 $ 3160.99 $ 461.8
2022 $ 1631.19 $ 4704.24 $ 3640.7 $ 527.87
2023 $ 1838.49 $ 5334.82 $ 4172.72 $ 600.02
2024 $ 2061.7 $ 6020.67 $ 4759.04 $ 678.11
2025 $ 2299.79 $ 6761.35 $ 5402.42 $ 761.35
2026 $ 2553.22 $ 7554.79 $ 6100.1 $ 852.48
2027 $ 2820.28 $ 8399.1 $ 6853.19 $ 950.0
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US Medical Cannabis Market, by Product Type (USD Million), 2018-2027

Synopsis
The above chart is US Medical Cannabis Market, by Product Type (USD Million), 2018-2027

Market Dynamics

the medical cannabis market in the united states has experienced significant growth over the past few years. with the increasing acceptance of cannabis as a legitimate medical treatment, there has been a surge in demand for medical marijuana products across the country. this demand can be attributed to various factors, including the growing number of states legalizing medical marijuana, the rise in patient awareness and education, and the increasing acceptance of cannabis as an alternative to traditional medications. one of the key drivers of the demand for medical cannabis products in the us is the increased availability of different product types. the market for medical marijuana products is diverse and encompasses a wide range of products, each with its unique therapeutic properties. these products include oils, tinctures, capsules, creams, edibles, and patches, among others, making it easier for patients to find a product that suits their specific needs. one of the most popular product categories in the us medical cannabis market is cannabis oils. these oils are extracted from the cannabis plant and are available in different forms, including cbd oils, thc oils, and full-spectrum oils. they are widely used by patients as they offer a discreet and convenient way of consuming medical marijuana. they can be ingested orally, added to food and drinks, or applied topically, depending on the patient's preference. another sought-after product type in the us medical cannabis market is edibles. these products come in various forms, including gummies, chocolates, cookies, and drinks, and are popular among patients who prefer a more palatable way of consuming medical marijuana. with the increasing popularity of edibles, the market has seen a rise in innovative and appealing products, such as vegan and gluten-free options. topicals, including creams, lotions, and patches, are also gaining momentum in the us medical cannabis market. these products offer targeted relief to specific areas of the body, making them a popular choice for patients dealing with localized pain and inflammation. in conclusion, the demand for medical cannabis products in the us is on the rise, and the availability of different product types is a crucial factor driving this demand. with the continuously evolving market and the growing acceptance of cannabis as a legitimate medical treatment, the demand for these products is expected to continue to soar in the coming years.

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