Market Analysis Report U.S. Medical Cannabis Market

Your Catalyst to a Lucrative Business
U.S. Medical Cannabis Market Share, Size, Key Players, Research
and Forecasts to 2024 | Hexa Research
“ The U.S. medical cannabis market is expected to be valued at USD 19.48
billion by 2024.”
20 December 2018
The U.S. medical cannabis market is expected to be valued at USD 19.48 billion by 2024, driven by its numerous medical
benefits particularly by patients suffering from cancer, chronic pain and diabetes. Favorable regulatory environment
across numerous states including California and Colorado is expected to fuel the growth of the market over the next few
years.
Medical Marijuana Regulation and Safety Act implemented in 2015 permits the cultivation and use of cannabis
dispensaries at the state and local level which has been one of key drivers to fuel the U.S market. The rising number of
states receiving approval to utilize cannabis for consumption in medical cases is expected to be one of the crucial factors
to upsurge the demand for medical marijuana over the forecast period.
Over the past few decades, there have been several controversies surrounding legalization of cannabis for medical
purposes; however, increasing signs of medical benefits received from the consumption of cannabis has resulted in the
herb being legalized across various states in the nation. The industry is expected to witness significant growth during the
forecast period owing to greater consumer acceptance along with an increasing number of companies entering the
market.
Browse Details of Report @ https://www.hexaresearch.com/research-report/us-medical-cannabis-market
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