Medical marijuana is referred to as using the whole, unprocessed marijuana plant or its basic extracts to treat symptoms of illness and other conditions. Cannabis as a medicine can be found in the ancient Chinese tradition several thousand years ago. The indications showed various therapeutic applications, such as malaria, rheumatic pains, constipation, reproductive system disorders, and others. The scientific study of the chemicals in marijuana, called cannabinoids, has led to two FDA-approved medications that contain cannabinoid chemicals in pill form. The marijuana plant contains chemicals that may help treat a range of illnesses and symptoms, many people argue that it should be legal for medical purposes.
Medical Marijuana is used for various medical problems including pain, nausea and loss of appetite, Parkinson's disease, inflammatory bowel disease, PTSD (post-traumatic stress disorder), epilepsy, and multiple sclerosis. There are three different types of Medical Marijuana Sativa, Indica & Hybrid. Medical cannabis refers to cannabis and its cannabinoid components, such as tetrahydrocannabinol (THC) and cannabidiol (CBD), which are used as treatments for treating diseases or alleviating the symptoms of these diseases. The factors major driving the Medical Marijuana market is growing application as medical use and growing business opportunities.
The global Medical Marijuana market on the basis of Product Type is sub-segmented as Sativa, Indica, and Hybrid of which the Sativa segment is expected to hold the highest market share due to growing awareness and high demand in the next 5 years. The segmentation done on the basis of Chemical Component includes Tetrahydrocannabinol (THC), Cannabidiol (CBD), and Hybrid (Combination of THC & CBD) of which the Tetrahydrocannabinol (THC) segment is expected to hold the highest market share.
Key companies in the Medical Marijuana Industry are Canopy Growth Corporation (Canada), Medical Marijuana, Inc. (U.S), GW Pharmaceuticals, plc (U.K), United Cannabis (U.S), Cannabis Sativa, Inc. (U.S), GreenGro Technologies (U.S), Aurora Cannabis (Canada), Cara Therapeutics (U.S), GBSciences, Inc. (U.S), Lexaria Bioscience Corp. (Canada) and Aphria (Liberty Health Sciences) (Canada).
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