Medical Cannabis Market Will Generate Booming Growth

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The Medical Cannabis Market is projected to reach US$ 97.20 billion by 2031, growing at a CAGR of 28.8% from US$ 16.56 billion in 2023. This growth is driven by increasing patient and clinician awareness, expanding legalization, rapid pharmaceutical-grade product development, and strong international expansion into new and emerging markets. The market is transitioning into a science-led healthcare solution with significant investment in clinical research, standardized formulations, and global supply chain development.

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