Question

Canada's medical marijuana is about to boom. If I was to do a market audit and a cometitive analysis on medical marijuana, what would be the outcome?

Answer 1

Medical Marijuana is medicinal plant which is used to cure pain without processing. it is being used increasingly across the world. Following factors are key driving forces behind rise in market of Medical Marijuana:

• Many states in US has legalised its use.
• It has strong application base due to huge patient base.
• Now government and other firms are investing in its research and development activities which would further spur its growth rate.

Hence, outcome is likely to be positive and encouraging in near future. its market is expected to reach $ 55 billion by 2025.