Growth Projection of Medical Marijuana Market at 22% CAGR Through 2027

Saturday, 2 March 2024, 18:04

The global market for medical marijuana is predicted to exhibit a robust Compound Annual Growth Rate (CAGR) of 22% through 2027, equating to an estimated addition of over $21.2 billion as projected by Technavio. This expansion underscores the increasing acceptance and demand for medical marijuana products worldwide.
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Growth Projection of Medical Marijuana Market at 22% CAGR Through 2027

Medical Marijuana Market Growth

The global market for medical marijuana is estimated to achieve a remarkable Compound Annual Growth Rate (CAGR) of 22% from 2022 to 2027. This significant growth is propelled by the rising acceptance of medical marijuana and the expanding market demand.

Technavio's Projections

According to the market research firm Technavio, the medical marijuana market is anticipated to witness substantial growth, contributing over $21.2 billion by 2027. These projections highlight the lucrative opportunities within the medical marijuana industry for investors and stakeholders.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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