Us Medical Cannabis Market Overview and Trend Analysis, 2014 to 2024

The U.S. medical cannabis market size was valued at USD 5.44 billion in 2016. The medical marijuana market is at the nascent stage of development and is expected to grow significantly during the forecast period owing to rising consumer demand. In 2016, Washington D.C. together with other 28 states legitimated the use marijuana for medical purpose. California, Colorado, Washington, Arizona and Michigan are few of the cannabis approved states in the U.S. Moreover, the number of states receiving approval to consume marijuana for medical use is expected to grow substantially; hence the market is expected to flourish over the forecast period.