What is the Popularity and Growth of Medical Cannabis?
The popularity of medical cannabis among adults is on the rise, and it’s projected to continue growing. The increased popularity and the permissive attitude towards cannabis consumption might be because of legalization status in different parts of the world.
Around 45% of adults globally use cannabis in their lives. Plus, trying cannabis at least once is not the same as being a drug user.
Growth Factors
Medical consumption of cannabis has become legal in many states. According to experts, the rising number of studies to discover more therapeutic benefits will improve the growth of the medical cannabis market.
But irregularities and non-uniformity of marijuana testing standards may hinder the growth of the cannabis market.
Regardless of these concerns, cannabis analysts project the market to hit around $5.4 trillion by 2025. One of the factors contributing to this growth is that the world will be looking forward to commoditizing marijuana.
Herbal Marijuana Products in the Medicine Field
A few pharmaceutical drugs based on marijuana, either in standardized or purified form, are available for medicinal purposes.
Regardless of this, the use of herbal marijuana remains controversial due to the lack of standardization among different products to ensure consistent and safe dosing.
For instance, consumption, cultivation, and possession of marijuana in the US are illegal, but some states have enacted several regulations that legalize herbal medical marijuana specifically.
According to liberty health sciences medical marijuana dispensary Stuart, good examples of products, which the FDA (Food and Drug Administration) has approved include cannabidiol and synthetic marijuana-like drugs, such as:
- Nabilone
- Dronabinol
Scope of Use
After alcohol and tobacco, cannabis is one of the most commonly used drug. Three years ago, more than 13 million young adults reported cannabis use. Its consumption is more prevalent in men than in women.
Cannabis is also widespread among adolescents. In fact, some reports show that 12th, 10th, and 8th graders use cannabis a lot.
The Professionalization of Growing Marijuana
For many years, the reputation of marijuana growers has always been scruffy hippies while getting high on their supplies in the disorganized underground economy instead of white industrial agriculture facilities. Even bigger-scale activities lacked the right record-keeping or encompassed minimal control.
However, as medical cannabis becomes the mainstay of the industry, the sector is becoming more professional, and many reliable Stuart marijuana dispensaries are popping up like wildfire.
The Future
Marijuana remains the most commonly used, trafficked, and cultivated drug, garnering attention from researchers, investors, and manufacturers.
Regardless of cannabis being illegal under federal laws, countries like the US make a lot of money for this plant.
For this reason, expect technology to shape the sector. In a few years to come, you will hear words such as automation, blockchain, and machine learning being associated with cannabis.
Final Remarks!
The medical cannabis boom is well-known, not only in the US and Canada but also worldwide.
Most patients find that medical marijuana helps them with several health problems where conventional medicines have failed. This includes handling anxiety, Crohn’s disease, chronic pain, and PTSD.
