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The cannabinoids market size is estimated to increase by USD 88.4 billion and grow at a CAGR of 30.41% between 2023 and 2028. The market is experiencing significant growth, driven by the legalization of medicinal cannabinoids in various regions, including North America and Europe. This trend is expected to continue as more countries explore the potential therapeutic benefits of cannabinoids. However, the market also faces challenges, such as the side effects associated with inappropriate use of medical cannabinoids, including psychoactive effects and potential harm to developing brains. To address these concerns, there is a growing emphasis on education and research to ensure proper usage and dosage. Despite challenges such as stringent regulations and concerns over side effects like lung injury, cannabinoids are being explored for treating a range of conditions, from chronic pain and cancer-related symptoms to stress, anxiety, and metabolic disorders. Additionally, the launch of medical cannabis education programs is expected to increase awareness and understanding of the potential benefits and risks, thereby driving market growth. Despite these challenges, the market for cannabinoids is poised for continued expansion, fueled by increasing acceptance and legalization of these compounds for medicinal purposes.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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