Get to Know M4MM

According to GLOBAL CANNABIS MARKET - GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2021 - 2026):

• The global cannabis market was Valued at USD 22.10 billion in 2020. The market is projected to witness a CAGR of 13.9% during the forecast period (2021-2026).
• In the United States provinces, where cannabis has been legalized, consumers are mostly aged 50 years and above. Owing to the higher risk of chronic diseases post 50 years of age and the effectiveness of cannabis on such conditions, this demographic profile is expected to boost the demand for cannabis in the country.
• Following the legalization of cannabis in Canada, the North American cannabis market is set to become the major producer of cannabis.

According to GLOBAL CANNABIS MARKET - GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2021 - 2026):

• The drivers identified in the market are the proven medicinal properties of cannabis, legalization of cannabis, active research genetic development and modification of the plant, and advancements in intellectual property rights of cannabis.
• North America dominates the market. The cannabis industry has grown and matured significantly in the United States as it is used extensively in the region for medicinal purposes. As a psychoactive drug, cannabis continues to find extensive favor among both recreational and medicinal users in the United States.
• According to the US Government Accountability Office (under State Medical Marijuana Laws), symptoms and conditions that can be treated by cannabis include Alzheimer’s disease, anorexia, HIV-AIDS, glaucoma, cancer, arthritis, epilepsy, nausea, pain, cachexia, Crohn's disease, migraines, multiple sclerosis, spasticity, and wasting syndrome. Continuous research and standardization of products for medicinal purposes are expected to increase the popularity and demand for cannabis in the future.