1 March 2017
If that doesn’t encourage law firms to start a Canna-Medico Legal practice , we don’t know what will !
Here’s the press release in full
February 28, 2017 03:31 PM Eastern Standard Time
DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Medical Marijuana Market Analysis By Application, (Chronic Pain, Arthritis, Migraine, Cancer) By Country And Segment Forecasts, 2013 – 2025” report to their offering.
“Medical Marijuana Market Analysis By Application, (Chronic Pain, Arthritis, Migraine, Cancer) By Country And Segment Forecasts, 2013 – 2025”
The global medical marijuana market is expected to reach a value of USD 55.8 billion by 2025. It has been identified that, in 2016, Washington D.C. along with 28 states have legalized marijuana for medical uses.
In 2016, states such as Arkansas, Florida, North Dakota, Ohio, and Pennsylvania were approved to use the drug in medical applications such as chemotherapies and pain management. The growing number of states and countries getting approval for using it in therapeutic applications is one of the crucial factors driving the demand over the coming few years.
The presence of several regulatory frameworks such as the Medical Marijuana Regulation and Safety Act is indicators of the present demand for the drug in the market. The regulatory framework requires every individual or the company associated such as growers, retail operators, and makers of processed pot products to obtain permission and an annual state license from 2018. An increasing number of issued licenses is also among factors that is expected to drive the market especially after 2018.
The increasing interest amongst the academic researchers and healthcare providers regarding the therapeutic uses of marijuana is among the significant factors, which is driving the market over the coming years. Some of its potential therapeutic values are suppression of vomiting & nausea, pain relief, and appetite stimulation.
In addition, research states that marijuana is effective in providing relief to the patient suffering from HIV/AIDS, glaucoma, cancer, and multiple sclerosis. The growing number of therapeutic applications of the drug is one of the key factors that is propelling the market over the forecast period.
Some of the key players are Cara Therapeutics Inc.; CannaGrow Holdings, Inc.; Cannabis Sativa, Inc.; United Cannabis Corporation; GrowBlox Sciences, Inc.; GW Pharmaceuticals, plc; Lexaria Corp; International Consolidated Companies, Inc.
Further key findings from the study suggest:
For more information about this report visit http://www.researchandmarkets.com/research/tshqzm/medical_marijuana