MMJ Industry

MMJ Industry Growth & Size

The global medical marijuana market has the potential to grow by $ 22.33 billion during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period because of the steady increase in the year-over-year growth. 

This report provides a detailed analysis of the market by application (chronic pain, nausea, and others) and geography (APAC, Europe, MEA, North America, and South America). Research will open up new diseases and illnesses which apply to the medicinal marijuana program. Research will continue to open up new ways to utilize the cannabinoids, terpenes, and fatty acids MMJ provides a patient.

As MMJ studies and research expands, the current projections and growth estimates will quickly reflect as physicians are able to recommend MMJ to patients who clearly need medicinal marijuana in their wellness and medication routine. Until then, the current growth rate of the MMJ industry in the United States is predicted to grow to $22-37 billion annually from 2020-2024. The use of a secured video platform between MMJ patient and physician will help accelerate these rates by giving potential patients the ability to reach a physician in their state from the comfort of their home. As this process to receive a MMJ card becomes more streamline/efficient using, this will increase the amount of medical marijuana patients in each legal state ultimately boosting the amount of transactions at each MMJ dispensary.