Medicinal cannabis may play a significant role during COVID-19

Medicinal
cannabis, also known as medical
marijuana, is used either for the treatment of diseases or to improve their
symptoms. The two cannabinoids - delta-9-tetrahydrocannabinol (THC) and
Cannabidiol (CBD) are used in treatment of certain diseases or health
conditions such as pain, blood pressure, memory, concentration, appetite,
sensory stimulus, muscular problems, and seizures. Marijuana was the most
widely used drug globally in 2014 with around 183 million users. Such factors
have led to increasing initiatives among governments worldwide to conduct
studies regarding legalization of the drug for medicinal use. The U.S National
Institute on Drug Abuse is conducting research on cannabis (marijuana) to treat
numerous diseases and conditions such as autoimmune diseases, pain,
inflammation, seizures, mental disorders, and substance abuse disorders.
Regulatory compliance is a key factor that influences cost, quality, and safety
of cannabis (marijuana) as well as the capacity for the manufacturers in the
medicinal cannabis market to be responsive, scalable, and innovative.

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information about Medical Cannabis Market Report at: https://bit.ly/3doewNy

The Medical Cannabis
industry report further exhibits a pattern of analyzing previous data sources
gathered from reliable sources and set a precedent growth trajectory for the
Medical Cannabis market. The report also focuses on a comprehensive market revenue
streams along with growth patterns, Local reforms, COVID Impact analysis with
focused approach on market trends, and the overall growth of the marke

The increasing demand for
the product along with other supporting factors is the driver that is helping the
market to revive in this time period. The Medical Cannabis Industry market
report will provide you with a comprehensive analysis of the best business
strategies, top investment areas, drivers and the opportunities that will
further help the market players for decision-making. Other important aspects
that are covered in the report include the competitive landscape among the
market players, market size and estimations, changes that were lately seen in
the market trends, and much more.

This report focuses on
Medical Cannabis volume and value at the global level, regional level and
company level. From a global perspective, this report represents overall
Medical Cannabis market size by analysing historical data and future prospect.
Regionally, this report focuses on several key regions: North America, Europe,
China and Japan etc.

Conclusion

COVID-19 pandemic has
taken a toll on the global population and economy. A collaborative effort on
governments, public health departments, and hospital fraternity to fight the
coronavirus has led to economic slowdowns, global lockdowns, and extreme public
safety measures. The public health measures include creating awareness about
home quarantine measuring, maintaining food and healthcare supply, especially
to the poor are being strictly followed by governments across the world.

Despite the pandemic
situation, the market for cannabis has
shown drastic growth due to its medicinal properties and consumer preferences
towards cannabis-based products. The demand for cannabis-based food and
beverage along with the smoking products is rising in the countries where
legalization of cannabis is already done. Due to the medicinal properties of
cannabis, the governments of many countries are focusing on legalizing the
cannabis-based products; this is expected to drive the market for cannabis
globally. Increasing the inclination of the younger population towards cannabis
in various forms is also a major factor affecting the market for cannabis-based
products.

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