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Cannabis Market Size Worth Usd 19.48 Billion Over 2024

By Author: Avinash Kumar
Total Articles: 41

Cannabis is derived from the cannabis plant (cannabis sativa). It grows wild in many of the tropical and temperate areas of the world. It can be grown in almost any climate and is increasingly cultivated by means of indoor hydroponic technology. The main active ingredient in cannabis is called delta-9 tetrahydro-cannabinol, commonly known as THC. This is the part of the plant that gives the "high." There is a wide range of THC potency between cannabis products.

Cannabis is a Plant, Cannabis is derived from Latin word Cannabis sativa. Cannabis is coming under Dioecious annul plant and it is also intersex traits, that kind of plant is known as Hermes (Hermaphrodites).
By the Cannabis Plant, you can opt marijuana, hash oil, and hashish. Marijuana is the last form of a plant in which the plant flower is totally dried and changed its own color into dark green or dark brown. Hashish is the First process, in which a secreted gum called resin can keep for some time and it will be changed into Hashish. And, Hash oil obtained from Hashish. There are other names of Cannabis as marijuana, pot, dope, grass, jane, hooch, weed, hash, and cones.

In the Medical world, Cannabis is used as plant form for medicine in which THC and CBD plant are used. THC is used for reducing nausea, decrease pain, inflammation (swelling and redness), and muscle control problems. In other hand CBD used for heart diseases, acne, dystonia, dyskinesias, depression, and anxiety. In USA market THC is illegal drug so CBD cannabis is more in use for a medical purpose. The market is increasing in USA states like California and Colorado where Cannabis is used numerously for medicine.

Marijuana use is medically permitted by Regulation and Safety Act Implemented in 2015, that says the cultivation and use of Cannabis are valid. By this, that act Cannabis market grows regularly. If the states Cannabis use in medically approved than the Cannabis market grows as the fast level. Over the past few decades, there have been several controversies surrounding legalization of cannabis for medical purposes; however, increasing signs of medical benefits received from the consumption of cannabis has resulted in the herb being legalized across various states in the nation.

The awareness grows if cannabis is valid for medical use. The industry is expected to witness significant growth during the forecast period owing to greater consumer acceptance along with an increasing number of companies entering the market. In 2016, The USA cannabis market share is 46%. Mainly the ability of cannabis to curb pain is expected to gain popularity among patients. The First state in the U.S. is California that legalized Cannabis use for medical treatment. California is the first in 2016 for the highest revenue generator and grow at a CAGR of 13%.

Access full report or request for a free sample at: https://www.hexaresearch.com/research-report/us-medical-cannabis-market

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