• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Cannabis Market
    Cannabis News
    Cannabis Stocks
    • Cannabis Market
    • Cannabis News
    • Cannabis Stocks
    cannabis investing

    Medical Cannabis Market Expected to Grow Rapidly Over Next Four Years, Report Says

    Bryan Mc Govern
    Mar. 12, 2018 04:10PM PST
    Cannabis Investing News
    Cannabis Investing

    A new market report indicates the medical cannabis industry is set to see remarkable growth between 2018 and continuing into 2022.

    A new market report has indicated the medical cannabis industry is set to see remarkable growth over the next four years.

    The report, issued by Technavio, a technology research and advisory company, indicates the medical marijuana market will see a compound annual growth rate (CAGR) of 21 percent between 2018 until 2022.

    “The increasing use of cannabis for medical purposes is a major factor driving the market’s growth,” Technavio said in its announcement.

    When it comes to the expansion of cannabis for medical purposes, the main market driving this growth will be North America, according to the report.

    “Owing to the growing consumption of medical marijuana, the region will offer the maximum growth opportunities to the companies in this medical marijuana market during the next four years,” the abstract for the report said.

    Recognition for the potential of the medical cannabis market

    In an interview with the Investing News Network (INN) Neil Closner, CEO of MedReleaf (TSX:LEAF) confirmed he views the international medical cannabis market as the largest option available for companies in the space.

    If you look to countries that are moving towards [legalization of medical cannabis,] many of them are larger than Canada is and many of them will have full government covered cannabis for medical purposes,” Closner said.

    He offered Germany as an example of a country with a population of  80 million with full insurance coverage.

    David Argudo, CEO of High Hampton Holdings (CSE:HC) said in an interview with INN at the Lift Cannabis Expo in Vancouver earlier this year he expects the amount of research to be done on cannabis to escalate.

    “I think we are going to see more [cannabis research data] even sooner than 15 years,” Argudo told INN. “I think that there is a lot of data out there already.”

    Investor Takeaway

    As the cannabis industry begins to gain legitimacy across the globe, more research is expected to take place and provide answers to what the drug is actually capable of doing as a treatment for patients.

    Don’t forget to follow us @INN_Cannabis for real-time news updates!

    Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.

    Editorial Disclosure: High Hampton Holdings is a client of the Investing News Network. This article is not paid-for content.

    high hampton holdingscannabis investingmedical cannabis industrygermanycanadamarket report
    The Conversation (0)

    Go Deeper

    AI Powered
    Cannabis leaf.

    10 Biggest Cannabis Stocks in the US and Canada in 2025

    Cannabis leaf on road marked with "2025," with sunlight in the background.

    New Cannabis Consumption Trends, Regulatory Shifts Seen Driving Market in 2025

    Latest News

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Cannabis Investing News Stocks

    extractX

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×