MEDICINAL CANNABIS MARKET ANALYSIS
The medicinal cannabis market currently faces several challenges. As the legal status and regulations surrounding cannabis use varies greatly around the world, entering new international markets can be difficult to navigate differing laws. Additionally, further clinical research is still needed to gain widespread medical acceptance and insurance coverage. There is also limited standardized cultivation practices and a shortage of large-scale, low-cost producers which keeps prices high for medical products.
Market Opportunities: Increasing investment and funding
An aging population has created demand for alternative treatments for pain, epilepsy, and other conditions cannabis may help. Public opinion is also becoming more favorable towards legalization as research demonstrates medical benefits. As laws change and scientific evidence grows, the market size is projected to dramatically increase over the next decade. Large investments are pouring in to fund expanded production capacity and research.
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