The Global Emergence and Impact of Medical Cannabis

18/08/2023
Medical Cannabis: Global Rise and Impact

The Emergence of Medical Cannabis Globally

The legal medical cannabis industry has seen a significant rise globally. From its humble beginnings in the mid-1990s in California, the industry has evolved and grown into a global powerhouse. International economists estimate that the legal medical cannabis market topped $31.8 billion USD in 2022 and predict that by 2030, the market size could more than double. .

The Evolution of the Medical Cannabis Industry

The medical cannabis industry has undergone considerable evolution over the past three decades. The industry in its infancy in the mid-1990s in California bears little resemblance to the sophisticated and complex industry we see today. The rise of legal medical cannabis imports and exports has added to the complexities.

Impact of Adult-Use Reform

Adult-use reform is gaining momentum, particularly in Europe, with Germany on the brink of passing a national adult-use legalization measure. The modernization of adult-use cannabis policies is likely to impact medical cannabis policies in regions where adult-use reform is enacted.

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Robin Roy Krigslund-Hansen

Robin Roy Krigslund-Hansen

About the author:

Robin Roy Krigslund-Hansen is known for his extensive knowledge and expertise in the fields of CBD and hemp production. With a career spanning over a decade in the cannabis industry, he has dedicated his life to understanding the intricacies of these plants and their potential benefits to human health and the environment. Over the years, Robin has worked tirelessly to promote the full legalization of hemp in Europe. His fascination with the plant's versatility and potential for sustainable production led him to pursue a career in the field.

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