United States Cannabis Market By US Industry Size, Share, Trends, Opportunity and Forecast 2027 - TechSci Research
United States Cannabis market was valued at USD 11.3 billion in 2020 and is expected to grow at a CAGR of close to 15% over the forecast period. The key factor for the growth of United States Cannabis market is its use in medical applications. The cannabis has been widely used for curing severe medical conditions like cancer, Parkinson’s disease, Alzheimer’s disease, arthritis, and other neurological conditions as a part of a medicinal product. Increasing requirement for pain management therapies and growing chronic pain among elder citizens has been projected to record high traction in the coming years. Moreover, cannabis market has shown a significant growth over the past few years as more states have legalized it. Till now, 33 US states and the District of Columbia have legalized the use of marijuana for medical, recreational, or both purposes, which is giving a healthy push to growth of Cannabis market. The United States Cannabis market is segmented based on product type, co...