Legal Cannabis Market - Forecast(2022 - 2027)
Legal Cannabis Market Overview Legal Cannabis Market size is estimated at $10.2 billion in 2020 and is predicted to grow as CAGR of 25.2% during the forecast period 2021-2026. Legal Cannabis is also known as medical marijuana . One of the key elements increasing demand for legal cannabis is the licensing of cannabis for adult usage. Cannabis is primarily utilized as a recreational or medicinal narcotic. It is used to treat patients suffering chronic mental illness, mental disorders, cancer, and chronic pain in parts of body, gout and cholera. Euphoria, altered states of mind at times, difficulties concentrating, reduced short-term memory and body movement, relaxation, and an increase in appetite are some of the mental and physical effects of cannabis which is predicted to drive the market. Anxiety, delusions, hallucinations, panic, paranoia, and psychosis can occur as side effects of consuming cannabis. In nations where cannabis for adult use has been allowed, such as North America, t...