Cannabis or Medical Marijuana?

An analysis of the #1 consumption market that will consume higher amounts of marijuana products in 2021; the public perceptions on medical marijuana, hopes, and roadmaps.

SG Analytics takes a sneak peek into the opportunities in 2020 and also the perception-driven market for cannabis and marijuana. The market seems to be using these terms interchangeably. So, are they the same or different?

Key Highlights:

  • By 2021, the entire legal marijuana market is expected to be worth >USD28.5bn
  • Asia’s medicinal cannabis market is forecasted to be worth USD5.8bn by 2024
  • South Korea and Thailand legalized the medicinal use in 2018 and 2019, respectively

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