The North America Medical Marijuana Market is expected to grow from US$ 7,170.17 million in 2022 to US$ 20,760.41 million by 2028. It is estimated to register a CAGR of 19.4% from 2022 to 2028.   

Increased Approvals Driving North America Medical Marijuana Market Growth

The therapeutic potential of marijuana is spurring the development of medical applications, particularly utilizing tetrahydrocannabinol (THC). The US Food and Drug Administration (FDA) has approved several THC-based medications, including:

• Cesamet (nabilone): A synthetic THC analog used to treat chemotherapy-induced nausea when other medications fail.

• Marinol and Syndros (dronabinol): Synthetic 9-THC medications prescribed to stimulate appetite in AIDS-related wasting syndrome.

Furthermore, other marijuana-based products are gaining traction:

• Nabiximols (Sativex): Approved in Canada, this THC and cannabidiol (CBD) combination treats multiple sclerosis-related spasticity and neuropathic pain.

• Mentabinol: CanaQuest Medical Corp. has applied for approval in Canada for this THC-based product under the Cannabis Act.

This increasing number of FDA approvals and ongoing clinical trials significantly fuels the growth of the medical marijuana market.

North America Medical Marijuana Market Segments Covered

North America Medical Marijuana Market By Product Type

• Dried Form

• Extract Form

North America Medical Marijuana Market By Application

• Pain Management

• Tourette's

• Alzheimer's Disease

• Migraines

• Depression and Anxiety

• Multiple Sclerosis

• Cancer

North America Medical Marijuana Market By Distribution Channel

• Retail Pharmacy

• E-Commerce

North America Medical Marijuana Market Regions and Countries Covered

North America

• US

• Canada

• Mexico

North America Medical Marijuana Market leaders and key company profiles

• Aphria, Inc.

• CanaQuest Medical Corporation

• Canopy Growth Corporation

• Emerald Health Therapeutics Inc.

• GW Pharmaceuticals

• MARICANN INC.

• Organigram Holdings Inc.

• Panaxia Pharmaceutical Industries Ltd.

• Phoena Holdings Inc.

• VIVO Cannabis Inc

North American Medical Marijuana Market Overview

The North America medical marijuana market is segmented into the US, Canada, and Mexico, with the US holding the largest market share. This growth is driven by:

• Increased research and collaborations exploring new therapeutic applications.

• Rising public awareness of medical marijuana's benefits.

• The presence of key industry players in the region.

• The growing elderly population.

Strategic Insights for the North American Medical Marijuana Market

Strategic insights provide data-driven analysis of the North America medical marijuana market, encompassing current trends, key players, and regional variations. These insights offer actionable recommendations, enabling businesses to:

• Differentiate themselves by identifying untapped market segments or developing unique value propositions.

• Anticipate market shifts using data analytics.

• Position themselves for long-term success in this dynamic market.

These strategic insights empower stakeholders, including investors and manufacturers, to make informed decisions that drive profitability and achieve business objectives.

Other Reports:

North America Small Satellite Market: https://postyourarticle.com/north-america-small-satellite-market-regional-analysis-key-players-growth-2028/ 

North America Airway Management Devices Market: https://business-news-insights.blogspot.com/2025/04/north-america-airway-management-devices.html 

North America Hospital Bed Market: https://sites.google.com/view/north-america-hospital-bed-mar/home 

North America Ammunition Market: https://www.globalpostnews.com/uncategorized/north-america-ammunition-market-future-growth-business-prospects-by-2028/ 

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Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights