Cannabis Reaches New Demographics Due to its Medical Appeal

A recent poll by the National Survey on Drug Use and Health has revealed that older generations were increasingly found to be using cannabis. The survey, which was conducted in 2015 and 2016, revealed that 9% of U.S. adults between ages 50 and 64 used a cannabis-based product. And about 3% of people over the age of 65 used cannabis in the same period. 

The statistics show that cannabis consumption has increased among the older generations since the previous survey in 2013 as almost a quarter of those over 65 were prescribed cannabis as a treatment from their doctors in 2016. 

Some tried cannabis for recreational use, however, most turn to cannabis for medical reasons. While recreational cannabis laws are still regulated in most U.S. states and even internationally, medical cannabis regulations are much more lenient because of the plant’s therapeutic effects. 

Now, consumers are using cannabis to treat medical conditions such as cancer, chronic pain, and arthritis. According to data compiled by Credence Research, the global medical marijuana market was valued at USD 13.90 Billion in 2017 and is set to reach USD 57.58 Billion. Additionally, the market is expected to witness a CAGR of 17.1% throughout the forecast period from 2018 to 2026.