Global Medical Marijuana Market by Product Type (Buds, Oil, Tincture, Others), By Application (Chronic Pain, Cancer, mental disorders, others), By Distribution Channel (Dispensaries, Pharmacies, and Others), By Geography, Estimation & Forecast, 2019 – 2026

Global medical marijuana market is estimated to reach $14.3 billion in 2019 with a CAGR of 19.2% from 2019 to 2026.

Market Definition

Global medical marijuana market is estimated to reach $14.3 billion in 2019 with a CAGR of 19.2% from 2019 to 2026. Medical marijuana is derived from the Cannabis indica and Cannabis sativa species and includes three active components namely Cannabidiol (CBD), Tetrahydrocannabinol (THC), and cannabinol (CBN). In recent years, the progress of medical marijuana/cannabis from an illegal drug to a legalized drug in certain parts of the world is driving the market growth.

Industry Dynamics

The market is overseeing significant growth owing to the rising awareness among people about the medical application of marijuana such as chronic pain management, mental disorders, among others.  According to the data published in the Harvard Health Publishing in January 2018, nearly 85% of the Americans supported the legalization of medical marijuana. Further, the growing need for effective pain management due to the increasing disease burden of pain is anticipated to surge the demand for medical cannabis in western countries. According to the data published by, the Centers for Disease Control and Prevention (CDC), in the U.S., nearly 20.4% of adults suffered from chronic pain and about 80% of the U.S. adults suffered from high-impact chronic pain in 2016. Moreover, the legalization of medical marijuana in some nations has decreased the activity of the black market, as people are willing to purchase medical cannabis legally. Despite the drivers, factors such as the rigorous approval process and stringent government policies may hamper the market growth during the assessment period.

Market Segmentation

The global medical marijuana market is mainly classified into product type, application, and distribution channel. Based on product type, the market has been segmented into buds, oils, tinctures, and others.  The application segment has been classified into chronic pain, mental disorders, cancer, and others. Moreover, the distribution channel has been bifurcated into dispensaries, pharmacies, and online retailers.

Regional Analysis

On a regional basis, the global medical marijuana market has been divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America has been classified into the U.S. and Canada. Europe region has been segmented into the UK, Germany, France, Italy, Poland, The Netherlands, and Rest of Europe. Asia-Pacific has been segmented into Australia and Rest of Asia-Pacific. Furthermore, the South America region has been segmented into Brazil, Columbia, Mexico, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Israel, Africa, and the Rest of Middle East. North America is the dominating region in the global medical marijuana market. In North America, the U.S. is the leading country, as medical marijuana is legalized in nearly 33 states across the country from which 10 states allow adults to legally utilize cannabis for recreational use. Owing to the growing legalization, the production of medical cannabis has surged in recent years. According to the data published by the American Marijuana, in 2018, the number of cannabis production licenses were highest in Michigan. In addition, nearly 215 production licenses were issued in the same year. Furthermore, the increasing number of prominent companies investing in the U.S. and Canadian medical marijuana market is anticipated to boost the market growth in the region. Moreover, Countries like Australia, Germany, Israel, South Africa, and Poland are budding markets in the medical cannabis industry. In September 2018, the Supreme Court legalized the personal use of marijuana by adults in South Africa.

Key Players

Key players operating in the medical marijuana industry include Aurora Cannabis, Canopy Growth Corporation, Tilray, Aphria, Inc., Maricann Group, Inc., Tikun Olam, Ltd., GW Pharmaceuticals plc, MedReleaf Corp., Cannabis Sativa, Inc., Medical Marijuana, Inc., and The Cronos Group Inc. The medical marijuana industry is highly consolidated due to the presence of few companies with required capital and legal clearance for cannabis manufacturing. Moreover, prominent companies are involved in strategic initiatives such as mergers & acquisitions, and joint ventures. For instance, in January 2018, Aurora Cannabis signed a joint venture with Alfred Pedersen & Son (APS). Under this agreement, Aurora Cannabis will possess a 51% interest in Aurora Nordic Cannabis A/S.

Medical Marijuana Market Key Segments:

By Product Type
  • Buds
  • Oils
  • Tinctures
  • Others
By Application
  • Chronic Pain
  • Mental Disorders
  • Cancer
  • Others
By Distribution Channel
  • Dispensaries
  • Pharmacies
  • Online Retailers
By Geography
  • North America
    • The U.S.
    • Canada
  • Europe
    • U.K
    • Germany
    • France
    • Italy
    • The Netherlands
    • Poland
    • Rest of Europe
  • Asia Pacific
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Columbia
    • Argentina
    • Mexico
    • Rest of South America
  • Middle East & Africa
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Table of Content 1. Market Introduction 1.1. Executive Summary 1.2. Market Definition 1.3. Market Scope 2. Research Methodology 2.1. Primary Research 2.2. Research Methodology 2.3. Assumptions & Exclusions 2.4. Secondary data sources 3. Global Medical Marijuana Market Overview 3.1. Report Segmentation & Scope 3.2. Key Market Trend 3.3. Drivers 3.4. Restraints 3.5. Opportunities 3.6. Porter’s Five Forces Analysis 3.6.1. Porter’s Five Forces Analysis 3.7. Market Share Analysis 4. Global Medical Marijuana Market, By Product Type 4.1. Overview 4.2. Buds 4.2.1. Market Size & Forecast 4.3. Oils 4.3.1. Market Size & Forecast 4.4. Tinctures 4.4.1. Market Size & Forecast 4.5. Other 5. Global Medical Marijuana Market, By Application 5.1. Overview 5.2. Chronic Pain 5.2.1. Market Size & Forecast 5.3. Mental Disorders 5.3.1. Market Size & Forecast 5.4. Cancer 5.4.1. Market Size & Forecast 5.5. Others 6. Global Medical Marijuana Market, By Distribution Channel 6.1. Overview 6.2. Dispensaries 6.2.1. Market Size & Forecast 6.3. Pharmacies 6.3.1. Market Size & Forecast 6.4. Online Retailers 6.4.1. Market Size & Forecast 7. Global Medical Marijuana Market, Region 7.1. Overview 7.1.1. Global Market Size & Forecast 7.2. North America Medical Marijuana Market 7.2.1. North America Market Size & Forecast, By Country 7.2.2. North America Market Size & Forecast, By Product Type 7.2.3. North America Market Size & Forecast, By Application 7.2.4. North America Market Size & Forecast, By Distribution Channel 7.2.5. U.S. 7.2.5.1. Market Size and Forecast 7.2.6. Canada 7.2. 6.1. Market Size and Forecast 7.3. Europe Medical Marijuana Market 7.3.1. Europe Market Size & Forecast, By Country 7.3.2. Europe Market Size & Forecast, By Product Type 7.3.3. Europe Market Size & Forecast, By Application 7.3.4. Europe Market Size & Forecast, By Distribution Channel 7.3.5. Germany 7.3.5.1. Market Size and Forecast 7.3.6. France 7.3.6.1. Market Size and Forecast 7.3.7. UK 7.3.7.1. Market Size and Forecast 7.3.8. Italy 7.3.8.1. Market Size and Forecast 7.3.9. The Netherlands 7.3.9.1. Market Size and Forecast 7.3.10. Poland 7.3.10.1. Market Size and Forecast 7.3.11. Rest of Europe 7.3.11.1. Market Size and Forecast 7.4. Asia-Pacific Medical Marijuana Market 7.4.1. Asia-Pacific Market Size & Forecast, By Country 7.4.2. Asia-Pacific Market Size & Forecast, By Product Type 7.4.3. Asia-Pacific Market Size & Forecast, By Application 7.4.4. Asia-Pacific Market Size & Forecast, By Distribution Channel 7.4.5. Australia 7.4.5.1. Market Size and Forecast 7.4.6. Rest of Asia-Pacific 7.4.6.1. Market Size and Forecast 7.5. South America Medical Marijuana Market 7.5.1. South America Market Size & Forecast, By Country 7.5.2. South America Market Size & Forecast, By Product Type 7.5.3. South America Market Size & Forecast, By Application 7.5.4. South America Market Size & Forecast, By Distribution Channel 7.5.5. Brazil 7.5.5.1. Market Size and Forecast 7.5.6. Argentina 7.5.6.1. Market Size and Forecast 7.5.7. Columbia 7.5.7.1. Market Size and Forecast 7.5.8. Mexico 7.5.8.1. Market Size and Forecast 7.5.9. Rest of South America 7.5.9.1. Market Size and Forecast 7.6. Middle East & Africa Medical Marijuana Market 7.6.1. Middle East & Africa Market Size & Forecast, By Country 7.6.2. Middle East & Africa Market Size & Forecast, By Product Type 7.6.3. Middle East & Africa Market Size & Forecast, By Application 7.6.4. Middle East & Africa Market Size & Forecast, By Distribution Channel 7.6.6. Israel 7.6.6.1. Market Size and Forecast 7.6.7. South Africa 7.6.7.1. Market Size and Forecast 7.6.8. Rest of Middle East & Africa 7.6.8.1. Market Size and Forecast 8. Company Profile 8.1. Aurora Cannabis 8.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 8.1.2. Product Category, Application, and Specification 8.1.3. Financial Performance (2016-2018) 8.1.4. Strategic Initiatives 8.2. Canopy Growth Corporation 8.3. Tilray 8.4. Aphria, Inc. 8.5. Maricann Group, Inc. 8.6. Tikun Olam, Ltd. 8.7. GW Pharmaceuticals plc 8.8. MedReleaf Corp. 8.9. Cannabis Sativa, Inc. 8.10. Medical Marijuana, Inc. 8.11. The Cronos Group Inc. 9. List of Tables Table 1 Global Medical Marijuana Market Share, By Product Type, 2016-2026 ($Million) Table 2 Buds, Medical Marijuana Market Share, By Region, 2016-2026 ($Million) Table 3 Tincture, Medical Marijuana Market Share, By Region, 2016-2026 ($Million) Table 4 Others, Medical Marijuana Market Share, By Region, 2016-2026 ($Million) Table 5 Global Medical Marijuana Market Share, By Application, 2016-2026 ($Million) Table 6 Chronic Pain, Medical Marijuana Market Share, By Region, 2016-2026 ($Million) Table 7 Mental Disorders, Medical Marijuana Market Share, By Region, 2016-2026 ($Million) Table 8 Cancer, Medical Marijuana Market Share, By Region, 2016-2026 ($Million) Table 9 Others, Medical Marijuana Market Share, By Region, 2016-2026 ($Million) Table 10 Global Medical Marijuana Market Share, By Distribution Channel, 2016-2026 ($Million) Table 11 Dispensaries, Medical Marijuana Market Share, By Region, 2016-2026 ($Million) Table 12 Pharmacies, Medical Marijuana Market Share, By Region, 2016-2026 ($Million) Table 13 Online Retailers, Medical Marijuana Market Share, By Region, 2016-2026 ($Million) Table 14 Global Medical Marijuana Market Value, 2016-2026 ($Million) Table 15 North America, Medical Marijuana Market Value and Growth Rate, 2016-2026 ($Million) Table 16 North America, Medical Marijuana Market Share Value, By Country, 2016-2026 ($Million) Table 17 North America Medical Marijuana Market Share Value, By Product Type, 2016-2026 ($Million) Table 18 North America Medical Marijuana Market Share Value, By Application, 2016-2026 ($Million) Table 19 North America Medical Marijuana Market Share Value, By Distribution Channel, 2016-2026 ($Million) Table 20 Europe Medical Marijuana Market Value and Growth Rate, 2016-2026 ($Million) Table 21 Europe Medical Marijuana Market Share Value, By Country, 2016-2026 ($Million) Table 22 Europe Medical Marijuana Market Share Value, By Product Type, 2016-2026 ($Million) Table 23 Europe Medical Marijuana Market Share Value, By Application, 2016-2026 ($Million) Table 24 Europe Medical Marijuana Market Share Value, By Distribution Channel, 2016-2026 ($Million) Table 25 Asia Pacific Medical Marijuana Market Value and Growth Rate, 2016-2026 ($Million) Table 26 Asia Pacific Medical Marijuana Market Share Value, By Country, 2016-2026 ($Million) Table 27 Asia Pacific Medical Marijuana Market Share Value, By Product Type, 2016-2026 ($Million) Table 28 Asia Pacific Medical Marijuana Market Share Value, By Application, 2016-2026 ($Million) Table 29 Asia Pacific Medical Marijuana Market Share Value, By Distribution Channel, 2016-2026 ($Million) Table 30 South America Medical Marijuana Market Value and Growth Rate, 2016-2026 ($Million) Table 31 South America Medical Marijuana Market Share Value, By Country, 2016-2026 ($Million) Table 32 South America Medical Marijuana Market Share Value, By Product Type, 2016-2026 ($Million) Table 33 South America Medical Marijuana Market Share Value, By Application, 2016-2026 ($Million) Table 34 South America Medical Marijuana Market Share Value, By Distribution Channel, 2016-2026 ($Million) Table 35 Middle East & Africa Medical Marijuana Market Value and Growth Rate, 2016-2026 ($Million) Table 36 Middle East & Africa Medical Marijuana Market Share Value, By Country, 2016-2026 ($Million) Table 37 Middle East & Africa Medical Marijuana Market Share Value, By Product Type, 2016-2026 ($Million) Table 38 Middle East & Africa Medical Marijuana Market Share Value, By Application, 2016-2026 ($Million) Table 39 Middle East & Africa Medical Marijuana Market Share Value, By Distribution Channel, 2016-2026 ($Million) Table 40 Recent Developments 10. List of Figures Figure 1 Global Medical Marijuana Market Overview Figure 2 Global Medical Marijuana Market Segmentation Figure 3 Global Medical Marijuana Market Drivers Figure 4 Global Medical Marijuana Market Restrains Figure 5 Global Medical Marijuana Market Porter’s Analysis Figure 6 Global Medical Marijuana Market share, By Product Type, 2018 VS 2026 (%) Figure 7 Global Medical Marijuana Market share, By Application, 2018 VS 2026 (%) Figure 8 Global Medical Marijuana Market share, By Distribution Channel, 2018 VS 2026 (%) Figure 9 U.S. Medical Marijuana Market share, 2016-2026 ($Million) Figure 10 Canada Medical Marijuana Market share, 2016-2026 ($Million) Figure 11 U.K. Medical Marijuana Market share, 2016-2026 ($Million) Figure 12 Germany Medical Marijuana Market share, 2016-2026 ($Million) Figure 13 France Medical Marijuana Market share, 2016-2026 ($Million) Figure 14 Italy Medical Marijuana Market share, 2016-2026 ($Million) Figure 15 The Netherlands Medical Marijuana Market share, 2016-2026 ($Million) Figure 16 Poland Medical Marijuana Market share, 2016-2026 ($Million) Figure 17 Rest of Europe Medical Marijuana Market share, 2016-2026 ($Million) Figure 18 Australia Medical Marijuana Market share, 2016-2026 ($Million) Figure 19 Rest of Asia Pacific Medical Marijuana Market share, 2016-2026 ($Million) Figure 20 Brazil Medical Marijuana Market share, 2016-2026 ($Million) Figure 21 Columbia Medical Marijuana Market share, 2016-2026 ($Million) Figure 22 Argentina Medical Marijuana Market share, 2016-2026 ($Million) Figure 23 Mexico Medical Marijuana Market share, 2016-2026 ($Million) Figure 24 Rest of South America Medical Marijuana Market share, 2016-2026 ($Million) Figure 25 Israel Medical Marijuana Market share, 2016-2026 ($Million) Figure 26 South Africa Medical Marijuana Market share, 2016-2026 ($Million) Figure 27 Rest of Middle East & Africa Medical Marijuana Market share, 2016-2026 ($Million)

  • Aurora Cannabis
  • Canopy Growth Corporation, Tilray
  • Aphria, Inc.
  • Maricann Group, Inc.
  • Tikun Olam, Ltd.
  • GW Pharmaceuticals plc
  • MedReleaf Corp.
  • Cannabis Sativa, Inc.
  • Medical Marijuana, Inc.
  • The Cronos Group Inc.

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Report Highlights:

Complete overview of market
Major drivers, restrain, opportunities, and challenges of the market
Market Trends and how they are boosting the market growth
Changing dynamics in the Market
Complete overview of the market
Historical, Base year, projected, and current market size in terms of value and volume
COVID-19 Impact analysis of the market
Current industry trends and developments

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