Cannabis Concentrate Market to Cross US$2.4 Billion by 2030 amid Rising Medical and Recreational Demand [Yahoo! Finance]
MEDICAL MARIJUANA INC (MJNA)
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Source: Yahoo! Finance
Several Companies are Now Announcing Investments in R&D to Lead Innovative Products, and Newer Methods of Cannabis Concentrate Consumption. London, April 18, 2024 (GLOBE NEWSWIRE) -- Global cannabis concentrate market is poised for significant expansion, with revenue expected to rise from US$1.6 Bn in 2022 to an impressive US$2.4 Bn by 2030 . This forecast represents a healthy CAGR of 6.3% from 2023 to 2030 , signaling a bright future for the industry. The market's upward trajectory can be attributed to the increasing prevalence of chronic conditions such as diabetes and cancer, alongside the growing acceptance and use of medicinal cannabis. As more countries legalise cannabis for medical use, there has been a notable shift toward utilising cannabis concentrates in treatments for various conditions, including pain management and the adverse effects of some medications. Get Sample Copy of Report at: https://www.fairfieldmarketresearch.com/report/cannabis-concentrate-market/reques
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