The use of cannabis for medicinal purposes is an industry that each year exceeds growth expectations in all its aspects. Studies dedicated to highlighting the benefits of cannabis to help people deal with conditions that can cause chronic pain, nausea, among others, are increasingly abundant, so the number of consumers and, therefore, of profit, continue increasing considerably every year.

At the same time, an important aspect is that this industry is constantly undergoing changes, thanks to regulations in different countries that open or close the doors required for its development.

The current panorama of America, Europe and Asia allows us to estimate a growth in this industry, with more countries legalizing the use of medicinal cannabis.

The cannabis industry in America

This continent is positioning itself as one of the most important markets in this industry, with Mexico as the country with the best projection in future years.

According to Euromonitor International, during 2021 the cannabis industry on this continent grew by 17%. One of the reasons that drove this figure is the changes in the regulations of each country, which has motivated development and consumption.

Beyond the benefit it has for patients, an evolution of this industry creates greater opportunities for any country. Greater number of jobs, possibility of export and growth.

In the case of the United States, Eaze Insights assures that since 2015 there has been an increase of 25% to 38% in cannabis use and the annual growth during 2020 and 2021 has been 21%.

Europe and medical cannabis

In the case of Europe, it is expected to see unprecedented growth from 2020 to 2025, thanks to changes in legislation and new studies that highlight benefits for other conditions that can be improved with the use of cannabis, such as anxiety, which increases the demand for the product.

The country that stands out thanks to its extensive market is Germany. It is followed by Italy, Denmark, Poland and Austria.

Asia: an investment opportunity

While several Asian countries are on the path to legalizing the use of medical cannabis, the industry certainly has high hopes, with countries like China and Japan with a large elderly population that could boost this industry.

Among the countries that have recently changed their legislation to make way for medical cannabis and its benefits are Thailand, Israel and South Korea.

A way to go

This industry could become one of the most lucrative in the financial market. However, the road to legalization that allows this development is long and the stigmas related to the use of this plant are still present, which can impact its development.

The multiple benefits that this plant and its correct processing have to offer cannot be ruled out, as it has been the solution for millions of people facing chronic conditions.

Therefore, this is one of the industries that must be taken into account when investing.