North America Medical Marijuana Market Competitive
Landscape, Size, Segments 2028

The North
America Medical Marijuana Market is expected to grow from US$ 7,170.17
million in 2022 to US$ 20,760.41 million by 2028. It is estimated to register a
CAGR of 19.4% from 2022 to 2028.   

Increased Approvals Driving North America Medical
Marijuana Market Growth

The therapeutic potential of marijuana is spurring the
development of medical applications, particularly utilizing
tetrahydrocannabinol (THC). The US Food and Drug Administration (FDA) has
approved several THC-based medications, including:

• Cesamet
  (nabilone): A synthetic THC analog used to treat
  chemotherapy-induced nausea when other medications fail.


• Marinol
  and Syndros (dronabinol): Synthetic 9-THC medications prescribed
  to stimulate appetite in AIDS-related wasting syndrome.

Furthermore, other marijuana-based products are gaining
traction:

• Nabiximols
  (Sativex): Approved in Canada, this THC and cannabidiol (CBD)
  combination treats multiple sclerosis-related spasticity and neuropathic
  pain.


• Mentabinol: CanaQuest
  Medical Corp. has applied for approval in Canada for this THC-based
  product under the Cannabis Act.

This increasing number of FDA approvals and ongoing clinical
trials significantly fuels the growth of the medical marijuana market.

North America Medical Marijuana Market Segments Covered

North America Medical Marijuana Market By Product Type

• Dried
  Form


• Extract
  Form

North America Medical Marijuana Market By Application

• Pain
  Management


• Tourette's


• Alzheimer's
  Disease


• Migraines


• Depression
  and Anxiety


• Multiple
  Sclerosis


• Cancer

North America Medical Marijuana Market By Distribution
Channel

• Retail
  Pharmacy


• E-Commerce

North America Medical Marijuana Market Regions and
Countries Covered

North America

• US


• Canada


• Mexico

North America Medical Marijuana Market leaders and key
company profiles

• Aphria,
  Inc.


• CanaQuest
  Medical Corporation


• Canopy
  Growth Corporation


• Emerald
  Health Therapeutics Inc.


• GW
  Pharmaceuticals


• MARICANN
  INC.


• Organigram
  Holdings Inc.


• Panaxia
  Pharmaceutical Industries Ltd.


• Phoena
  Holdings Inc.


• VIVO
  Cannabis Inc

North American Medical Marijuana Market Overview

The North America medical marijuana market is segmented into
the US, Canada, and Mexico, with the US holding the largest market share. This
growth is driven by:

• Increased
  research and collaborations exploring new therapeutic applications.


• Rising
  public awareness of medical marijuana's benefits.


• The
  presence of key industry players in the region.


• The
  growing elderly population.

Strategic Insights for the North American Medical
Marijuana Market

Strategic insights provide data-driven analysis of the North
America medical marijuana market, encompassing current trends, key players, and
regional variations. These insights offer actionable recommendations, enabling
businesses to:

• Differentiate
  themselves by identifying untapped market segments or developing unique
  value propositions.


• Anticipate
  market shifts using data analytics.


• Position
  themselves for long-term success in this dynamic market.

These strategic insights empower stakeholders, including
investors and manufacturers, to make informed decisions that drive
profitability and achieve business objectives.

Other Reports:

North America Small Satellite Market: https://postyourarticle.com/north-america-small-satellite-market-regional-analysis-key-players-growth-2028/ 

North America Airway Management Devices Market: https://business-news-insights.blogspot.com/2025/04/north-america-airway-management-devices.html 

North America Hospital Bed Market: https://sites.google.com/view/north-america-hospital-bed-mar/home 

North America Ammunition Market: https://www.globalpostnews.com/uncategorized/north-america-ammunition-market-future-growth-business-prospects-by-2028/ 

About Us:

Business Market Insights is a market research platform
that provides subscription service for industry and company reports. Our
research team has extensive professional expertise in domains such as
Electronics & Semiconductor; Aerospace & Defense; Automotive &
Transportation; Energy & Power; Healthcare; Manufacturing &
Construction; Food & Beverages; Chemicals & Materials; and Technology,
Media, & Telecommunications.

Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market
Insights