Legal Marijuana Market Growth is Expanding over 17.8% by 2027

Precedence Research, Recent Research Study on “Legal Marijuana Market Size, Share, Trends, Growth, Consumption, Revenue and Forecast 2020 to 2027”.

/EIN News/ — OTTAWA, Dec. 01, 2020 (GLOBE NEWSWIRE) — The global legal marijuana market size was valued at USD 17.5 billion in 2019 and predicted to reach market value around USD 65.1 billion by 2027 expanding at a compound annual growth rate (CAGR) of around 17.8% during period 2020 to 2027.

Marijuana also known as cannabis is a brown, green or gray mix of shredded, dried leaves, seeds, stems and flowers of the hemp plant named Cannabis sativa. It is employed as a mind altering or psychoactive recreational drug for particular medical ailments, for spiritual and divine purposes. The cannabis industry involves legal operations regarding marijuana and hemp which is its non-intoxicating cousin.

Medical marijuana means application of cannabis as a physician suggested therapy for treatment of some health circumstances and symptoms. It is widely utilized for treating mental disorders, chronic pain conditions and diseases, arthritis, cancer treatment, migraine, and other medical situations. The indication for the legitimate medical application of cannabinoids or marijuana is limited to few indications, notably nausea or vomiting, HIV/AIDS cachexia, connected to neuropathic…

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