Global Legal Cannabis Market Size Was Valued at USD 28.54 Billion in 2023 and is Projected to Reach USD 204.66 Billion by 2032, Growing at a CAGR of 24.47% From 2024-2032.
Legal cannabis refers to the cultivation, possession, sale, and use of cannabis (marijuana) in accordance with existing laws and regulations. Regulations and rules regarding legal cannabis vary between countries and occasionally even among states.
Legal cannabis can help relieve medical conditions like chronic pain, nausea, epilepsy, multiple sclerosis, and others. It can function as an additional treatment option or an alternative to traditional medications. When legalized, the cannabis industry can enhance the economy by generating jobs, tax revenue, and aiding associated fields such as cultivation, distribution, and manufacturing of cannabis goods.
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