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Global Legal Marijuana Market Size Projected to Rack Up USD 70.7 Billion By 2028: Zion Market Research
In addition to this, marijuana is utilized for treating chronic ailments such as Cancer and Parkinson. Apparently, massive demand for marijuana for treating patients suffering from neurological disorders will generate new growth avenues for legal marijuana industry over forecasting period. In addition to this, massive popularity of cannabis oil for treating children having disorders such as epilepsy will embellish growth of legal marijuana market in years to come. Furthermore, supportive laws pertaining to licensing use of marijuana in countries such as Canada and the U.S. will steer elevation in growth of legal marijuana industry over forecasting period.
Expansion of medical marijuana segment over assessment period is owing to awareness about healthcare benefits about marijuana during treatment of pain. In addition to this, many nations have legalized use of medicinal marijuana, thereby enlarging growth scope of medical marijuana. Rise in demand for medical marijuana and its prescription depending on doctor's physician, the product is likely to penetrate across more countries post legalization of its use. This, in turn, is projected to boost growth of segment over forecasting timespan.
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The global Pharmaceutical Intermediates Market accrued earnings worth approximately 28,117 (USD Million) in 2020 and is predicted to gain revenue of about 39,779 (USD Million) by 2028, is set to record a CAGR of nearly 4.1% over the period from 2021 to 2028.
The global CBD Nutraceuticals Market accrued earnings worth approximately 4.01 (USD Billion) in 2020 and is predicted to gain revenue of about 8.12 (USD Billion) by 2028, is set to record a CAGR of nearly 18.9% over the period from 2021 to 2028.
: The global oral antidiabetic drugs market accounted for USD 43.01 Billion in 2020 and is expected to reach USD 66.30 Billion by 2028, growing at a CAGR of 5.6% from 2021 to 2028.
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