Medical Marijuana Market Size

Medical Marijuana Market size was over USD 15.97 billion in 2023 and is projected to reach USD 202.97 billion by 2036, witnessing around 21.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of medical marijuana is evaluated at USD 18.73 billion.

The increased acceptability of the drug as a medicine and for usage by adults is anticipated to aid in the growth of the market. The product is being widely accepted as a pharmaceutical medicine as it helps in the treatment of several diseases.

The market for medical marijuana is anticipated to expand as the medicine is used in several medical conditions, therapies, and chronic diseases. Moreover, the medicine is also used by adults to get rid of chronic and severe pain.