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The global medical cannabis market size is expected to reach USD 24.52 Billion at a steady revenue CAGR of 11.5% in 2028, according to latest analysis by Emergen Research. Increase in medical cannabis products and the rise in research activities are driving the market revenue growth. Moreover, legalization of the product in several countries is also propelling growth of the market.
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The cannabis industry is one of the most unregulated industries with most cases of counterfeit and fraud. As many tech giants step into the cannabis industry, the technology is bound to grow out of the people’s basements and step into the market to ensure an efficient cannabis supply chain. Blockchain’s secure technology helps to easily access the specific details within the large amounts of stored data. This technology can instantly provide a specific product’s full history and provide provenance right from the source to the market. Know more about Blockchain technology in cannabis industry with this presentation. You can also visit us at https://www.debutinfotech.com/blockchain-development-services to know more about our services.
The global drug of abuse testing services market size is expected to reach USD 4.08 billion by 2028 according to a new study by Polaris Market Research. The report “Drug of Abuse Testing Services Market Share, Size, Trends, Industry Analysis Report, By Product (Alcohol, Cannabis/Marijuana, Cocaine, Opioids, Amphetamine & Methamphetamine, LSD, Others); By End-Use (Government, Private, Specialty Centers); By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
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The cannabis market has shown rapid growth in the past few years owing to rapid demand increase for cannabis and related products. Market Research Future, who specializes in market reports related to the consumer and retail sector among others, recently published a report on this market. Expansion of the North America cannabis market is estimated with a CAGR of 33% in forecast period from 2016 to 2021.
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According to MRFR analysis, the global medical cannabis market is expected to register a CAGR of ~15.4% during the forecast period of 2019 to 2025 and was valued at USD 13.6 million in 2018.
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The cannabis industry is rapidly growing in Canada, the world industry leader, and there is a lack of skilled workers in the cannabis space. According to the research performed by International Medical Cannabis Association in 2019, many growing cannabis Licensed Producers and related companies are struggling to find skilled workers in the space.
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The growth in this market is mainly driven by factors such as legalization of medical cannabis, coupled with the growing number of cannabis testing laboratories (specifically in the U.S.); growing adoption of LIMS in cannabis testing laboratories; and increasing awareness through conferences, symposia, and workshops.
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The Global cannabis testing market has been valued at $809 million for the year 2016 and is estimated to generate a revenue of about $2112 million by the year 2025. At a CAGR of 11.4% in 2017-2025
Similarly, it is also used in combination with traditional opioid painkillers, which enables patients to reduce the dosage and frequency of opioids significantly and imparts greater pain relief. Many countries in Europe have legalized cannabis thus it can be used for medicinal purpose, such as Italy, Germany.
Tetrahydrocannabinol (THC), the chemical in cannabis that makes you feel “high” can stay in your body for days to weeks. But many factors will dictate the length of time this chemical stays in your body for detection including body fat, food consumption, how much you smoke, how often you consume the drug.
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The medicinal use of the marijuana is increasing in today's time. And, people are using weed for treating their health issues like chronic pain, anxiety and lot more. Further, with increased use of cannabis, many options for its consumption are available. More information at: http://www.greengod.ca/shop/
Recently, Four More States Legalized Cannabis For Recreational Purposes. This Shows That People Are Now Paying More Attention To The Cannabis Industry. There’s No Doubt That In The Coming Years, This Industry Is Going To Grow Even More. Medical Cannabis Is Now Legal In 35 States, Plus Washington D.C., And Recreational Cannabis In 15 States, Plus D.C. Medical Patients Consult A Cannabis Doctor San Francisco To Get An MMJ Card And Buy Medical Cannabis. But Many Enthusiasts And Medical Patients Are Now Beginning To Grow Their Own Cannabis Plants At Home.
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Cannabis edibles are best in terms of extended therapeutic efficacy. But, a lot goes into finding the right dose with them. Plus, you need to take a lot of precautionary measures. With smoking, things are pretty much simple. But, if you wish to choose whether edibles or smoking weed is better; you should always consult a doctor providing cannabis card renewal or medical marijuana card Fresno Ca for more key elements. Read More:https://medicalmarijuanacardfresno.com/blog/edibles-or-smoking-what-will-you-buy-with-cannabis-card-renewal/
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Employment Security - Employers are more likely to hire individuals with a medical marijuana card, as they are legally allowed to use the substance without fear of legal repercussions. Furthermore, individuals with a medical marijuana card may have greater job security, as it can be difficult to prove that an employee is using cannabis at work without a card. Housing Defense - Those with a medical card are protected from eviction and discrimination due to marijuana use in housing. Landlords are not allowed to deny an applicant solely based on their medical marijuana card. superior-grade medical products Lowest Price Cannabis - Medical marijuana cardholders have access to the lowest prices for cannabis products. These patients may even qualify for discounts on select products
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The cannabis testing market is segmented on the basis of product & software, service, end user, and region. Download Sample at http://bit.ly/2L2GL5j . The cannabis testing services market (services offered by cannabis testing laboratories) is segmented into potency testing, terpene profiling, pesticide screening, residual solvent screening, heavy metal testing, microbial analysis, and genetic testing.