Cannabis has begun to gain wider acceptance over the past years as an increasing number of states have legalized the substance. The Senate Democrats recently introduced a bill, the Cannabis Administration and Opportunity Act, to decriminalize marijuana at the federal level, which could further boost the growth opportunities for companies in this industry.
Rising research and development activities and financial support are expected to drive the global medical cannabis market, which is expected to exhibit an 18.8% CAGR until 2027.
