Untapped Marijuana Vaporizer Market Offers Spectacular Growth Opportunities

Marijuana vaporizer is increasingly becoming popular among the medical application globally. Increasing use of marijuana in medical applications prompts the growth of the global marijuana vaporizer market. As the vaporizer drift continues to upsurge, the potential medical applications are also expected to surge. Vaporizers already have a status as a healthier substitute. Nevertheless, vaporizers have started to see growth as medical devices rather than just healthier substitutes. Medical marijuana was among the first medical uses for cannabis vape pens. For example; Aurora, a medical and recreational marijuana producer is expanding their medical operations with their recent acquisition of a pharmaceutical company (Based in Mexico). By vaporizing marijuana users evade the toxins, carcinogens and respiratory irritants related with smoking. Regardless of the application, all medical uses of vape pens are expected to require high-quality products and innovative technology.

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Medical Marijuana to upsurge in Popularity — New Avenues Emerging in Marijuana vaporizer Market

As marijuana is majorly employed in treating chronic pain that affects millions of Americans people annually, hence demand for the Marijuana vaporizer is increasing for medical application in united states. As per the U.S. Department of Health & Human Services, an estimated of around 20.4% that is about 50.0 million of U.S. adults had chronic pain and around 8.0% of U.S. adults that is 19.6 million had high-impact chronic pain. Additionally, number of countries globally passed laws that would permit the population to usage marijuana for medical purposes; consequently, medical marijuana market should expand swiftly during the forecast period. Further, Research on medicinal use of marijuana's potential is on an increase across the globe. For instance; In 2018, WeedMD, a licensed Canadian medical marijuana producer, declared its partnership with the cannabis database project that are controlled by the TIT (Technion-Israel Institute of Technology). The cooperative entity would research terpenoid and cannabinoid profiles of 25 of WeedMD’s cannabis strains. Similarly, in 2017, private equity company, Kingsley Capital Partners with Oxford University for developing new cannabis treatments for cancer, pain and inflammatory diseases. These research studies are expected to result in number of product launches for several medical conditions and thus have a positive influence on the medical marijuana vaporizer market growth. Further, Doctors also prescribe medical marijuana to treat muscle spasms caused by nausea, multiple sclerosis, weight loss and poor appetite. Thus, with the growing applications, there is a enormous opportunity for marijuana vaporizer for medicinal purposes.