Report: Medical Cannabis Sector Expected to Reach $24.86B by 2027
August 16, 2022 The global medical cannabis industry is predicted to reach a value of $24.86 billion by 2027, according to a new report.
The worldwide medical cannabis sector is expected to be worth $24.86 billion by 2027, according to a new Research and Markets report. Starting at a 2022 sales estimate of $2.91 billion, the figure represents a compound annual growth rate of 20.9%.
The data was gathered from multiple countries across several continents, including some of the world’s largest medical cannabis markets such as Germany, the U.S., Spain, the United Kingdom, Australia, Israel, Thailand, and Denmark. The report also included lesser-known countries that allow medical cannabis access and those that still prohibit medical cannabis, such as Russia and countries in the Middle East and Africa.