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Insights on Medical Marijuana Market within the Pharmaceuticals Sector | Increasing Production of Medical Marijuana to Emerge as a Key Driver | Technavio

Insights on Medical Marijuana Market within the Pharmaceuticals Sector | Increasing Production of Medical Marijuana to Emerge as a Key Driver | Technavio

LONDON–(BUSINESS WIRE)–The global medical marijuana market is expected to grow at a CAGR of over 24% during 2020-2024, according to the latest market research report by Technavio. The report provides a detailed analysis on the impact and new opportunities created by the COVID-19 pandemic. The report also helps clients keep up with new product launches in direct & indirect COVID-19 related markets.

Learn more about how COVID-19 is impacting the medical marijuana market – Request a free sample report

The demand for medical marijuana has increased significantly over the years. The growing demand has led many medical marijuana manufacturers to increase production. Besides, many governments worldwide are legalizing marijuana for medical applications, which has further increased demand. For instance, the Government of Manipur, India recently announced its plans to legalize marijuana for medical applications by encouraging start-ups that develop medical marijuana products. Such initiatives are expected to positively influence the growth of the global medical marijuana market during the forecast period.

Medical Marijuana Market: COVID-19 Impact Analysis on Related Markets

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Medical Marijuana Market: COVID-19 Impact Analysis on Parent Market

The global pharmaceuticals market is the parent market of the medical marijuana market. Within its scope, the pharmaceuticals market covers products and companies engaged in R&D or production of generic drugs, non-generic drugs, and veterinary drugs. Our report on the medical marijuana market offers a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as analysis on several large and small vendors active in the market including Aurora Cannabis, GW Pharmaceuticals, mCig, Medical Marijuana, and United Cannabis.

Technavio’s research report on the medical marijuana market identifies the

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Mexico is poised to become the biggest legal marijuana market in the world. Who will most benefit?

Mexico is poised to become the biggest legal marijuana market in the world. Who will most benefit?

Mexico’s marijuana revolution is on display steps from the nation’s Senate, where for the last nine months activists have maintained a fragrant cannabis garden.



a close up of a person holding an object in his hand: An activist smokes marijuana at a protest encampment outside Mexico's Senate building. (Ricardo Castelan Cruz / Eyepix Group / Barcroft Media via Getty Images)


© (Ricardo Castelan Cruz / Eyepix Group / Barcroft Media via Getty Images)
An activist smokes marijuana at a protest encampment outside Mexico’s Senate building. (Ricardo Castelan Cruz / Eyepix Group / Barcroft Media via Getty Images)

Each day, hundreds of people stroll amid a labyrinth of towering green plants, freely lighting joints and getting high.

Their wafting smoke is meant to serve as a reminder to senators, who have to walk through the plumes to get to work. Lawmakers have until Dec. 15 to pass pot legislation under orders from the Supreme Court, which two years ago struck down a marijuana ban as unconstitutional.

After decades of restrictive drug policies that fueled deadly cartel wars, Mexico is poised to become the biggest legal cannabis market in the world.



a group of people in a garden: Mexico's marijuana revolution is on display steps from the nation's Senate, where for the last nine months activists have maintained a fragrant cannabis garden. (Kate Linthicum / Los Angeles Times)


© (Kate Linthicum / Los Angeles Times)
Mexico’s marijuana revolution is on display steps from the nation’s Senate, where for the last nine months activists have maintained a fragrant cannabis garden. (Kate Linthicum / Los Angeles Times)

The looming deadline has intensified debate over exactly what legalization should look like and whom it should benefit. Among the questions dogging lawmakers: How easy or difficult should it be for users to buy and consume pot? And should the estimated 200,000 families growing it now be protected from competition with the large, foreign marijuana firms that have been jockeying for influence?

“You have a broad spectrum of people who want to be involved,” said Avis Bulbulyan, a Glendale-based consultant who has advised several U.S. weed companies looking to expand to Mexico. “The question becomes: ‘Who gets to profit off this?'”

A bill that would allow private companies to sell

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Marijuana Enterprise Daily New Cannabis Ventures

Marijuana Enterprise Daily New Cannabis Ventures

Business news,Business daily,Business ideas,Business insider,Business letter,Business line,Business plan,Business proposal,Business times,Business world,Online businessLook here for ideas for starting a business and for including new products and services to an current enterprise. A occupation that’s virtually exclusively on-line, the thought of running this sort of a business stems from the truth that most company advertising companies have taken to outsourcing their marketing campaign developments, as an try to break the usual patterns and reduce the strain. All financial merchandise, procuring services are introduced without warranty.

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Marijuana Enterprise Day by day New Cannabis Ventures

Marijuana Enterprise Day by day New Cannabis Ventures

Business news,Business daily,Business ideas,Business insider,Business letter,Business line,Business plan,Business proposal,Business times,Business world,Online businessWhen choosing a enterprise thought, it’s smart to look at your strengths, skill set, and things you’re already captivated with. Alternatively, you would do that enterprise totally on-line, shipping signs to clients. Even with the rise of profitable on-line businesses, there are nonetheless tons of small enterprise house owners who have no clue how you can market themselves. Nonetheless, not all online business opportunities are value your time. Furthermore, SMS produces a median of 6-8 instances extra engagement for retailers than email marketing.

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Essentially the most profitable business that is achievable by anyone might be having a web site, online store, reselling stuff or selling digital products. That is where you figure out how you’re going to make your prospects conscious of your model and how they’ll receive your merchandise. That is definitely not a nasty factor, nevertheless, this text is about starting a business from scratch.

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Marijuana Business Every day

Marijuana Business Every day

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Social media and the 24-hour news cycle have created the right storm of opportunity for artistic professionals like writers and graphic designers, who can use their talents to create high-high quality, shareable content for companies and … Read the rest