BIS Research - Emerging Technology Market Intelligence

The Miracles of Medicinal Uses of Cannabis

Oct 20, 2015 1:39:16 AM / by BIS Research posted in cannabis market in North America, cannabis market report, cannabis market forecast, Market Research Report


Cannabis has emerged as the most widely used amongst all psychoactive drugs in the market, thanks to its medicinal and industrial uses. Multi-faceted applications, expansion of licensing strategies and automated irrigation systems among others have been largely responsible for boosting the North American cannabis market. Owing to its medicinal properties, more than 23 states and District of Columbia have started legalizing medical marijuana. With the increasing application base of industrial hemp, the cannabis market in North America is poised to grow over $20.67 billion by 2020 at double digit CAGR through 2015 to 2020.

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