Medical cannabis: market revenue Latin America 2017-2029

The revenue in the 'Medical Cannabis' segment of the cannabis market in Latin America was forecast to continuously increase between 2024 and 2029 by in total 181.3 million U.S. dollars (+15.71 percent). After the twelfth consecutive increasing year, the revenue is estimated to reach 1.3 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Medical Cannabis' segment of the cannabis market was continuously increasing over the past years.

Find more key insights for the revenue in countries and regions like the number of users in the 'CBD Products' segment of the cannabis market in Latin America and the number of users in the 'Recreational Cannabis' segment of the cannabis market in Latin America.

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Revenue of the medical cannabis market in Latin America from 2017 to 2029 (in million U.S. dollars)

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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:
The Medical Cannabis market encompasses products derived from the cannabis plant specifically used for medical purposes. These products may include dried flowers, oils, tinctures, capsules, and topicals. Depending on the regulations in each country or state, these products are available through medical dispensaries, pharmacies, and/or online platforms. They may be consumed in various ways such as smoking, vaporizing, ingesting, or applying topically.

Structure:
The Medical Cannabis market involves cannabinoid-based medicine without marketing authorisation. These unlicensed medicines are supplied through health systems, prescribed by doctors, or used as Active Pharmaceutical Ingredients (API). The API is manipulated and/or compounded by a magistral pharmacy to prepare a cannabinoid-based medicine without marketing authorisation. The Medical Cannabis market includes various forms of cannabis such as flowers, oils, capsules, and topicals.

Additional information:
Market values represent the revenues generated by retail prices paid to vendors, either directly or through distribution channels (excluding VAT). Reported market revenues include spending by patients (B2C), healthcare facilities (B2B), and governments (B2G).

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