Global Legal Cannabis Market Size & Outlook, 2023-2030
Global legal cannabis market, 2018-2030 (US$M)
Related Markets
Global legal cannabis market highlights
- The global legal cannabis market generated a revenue of USD 27,354.3 million in 2023 and is expected to reach USD 134,448.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 25.5% by 2030.
- In terms of segment, marijuana accounted for a revenue of USD 20,976.8 million in 2023.
- Hemp is the most lucrative source segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 27,354.3 million |
| Market revenue in 2030 | USD 134,448.1 million |
| Growth rate | 25.5% (CAGR from 2023 to 2030) |
| Largest segment | Marijuana |
| Fastest growing segment | Hemp |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Marijuana, Hemp |
Other key industry trends
- In terms of revenue, the North America accounted for 66.9% of the global legal cannabis market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 40,097.2 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Legal Cannabis Market Scope
Legal Cannabis Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global legal cannabis market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to legal cannabis market will help companies and investors design strategic landscapes.
Marijuana was the largest segment with a revenue share of 76.69% in 2023. Horizon Databook has segmented the Global legal cannabis market based on marijuana, hemp covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Legal Cannabis Source Outlook (Revenue, USD Million, 2018-2030)
- Marijuana
- Flower
- Oil and Tinctures
- Hemp
- Hemp CBD
- Supplements
- Industrial Hemp
- Marijuana
- Global Legal Cannabis Derivative Outlook (Revenue, USD Million, 2018-2030)
- CBD
- THC
- Others
- Global Legal Cannabis End Use Outlook (Revenue, USD Million, 2018-2030)
- Medical
- Cancer
- Chronic Pain
- Depression and Anxiety
- Arthritis
- Diabetes
- Glaucoma
- Migraines
- Epilepsy
- Multiple Sclerosis
- AIDS
- Amyotrophic Lateral Sclerosis
- Alzheimers's
- Post Traumatic Stress Disorder (PTSD)
- Parkinson's
- Tourettes
- Others
- Recreational
- Industrial
- Medical
Reasons to subscribe to Global legal cannabis market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global legal cannabis market databook
-
Our clientele includes a mix of legal cannabis market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global legal cannabis market , including forecasts for subscribers. This global databook contains high-level insights into Global legal cannabis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global legal cannabis market size, by regions, 2018-2030 (US$M)
Top 10 countries: Legal cannabis market size, 2023 (US$M)
Global legal cannabis market share, by source, 2023 & 2030 (%, US$M)
Legal cannabis market: Opportunity assessment by country
Global legal cannabis market, by region, 2023 (US$M)
| Source | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 11,012.8 | 13,449.0 | 8,802.6 | 12,417.1 | 15,223.2 | 18,308.9 | 21,594.4 | 24,977.8 | 28,840.9 | 33,219.8 | 38,189.3 | 43,013.8 | 47,488.8 | 14.6% |
| Europe | 809.2 | 941.6 | 733.0 | 930.9 | 1,094.2 | 1,317.5 | 1,590.0 | 1,932.9 | 2,348.8 | 2,860.1 | 3,500.1 | 4,059.7 | 4,650.9 | 19.7% |
| Asia Pacific | 1,240.0 | 1,501.8 | 1,171.8 | 1,405.5 | 1,739.1 | 2,342.0 | 3,588.3 | 6,660.1 | 11,407.6 | 17,921.7 | 25,722.5 | 31,807.6 | 37,735.3 | 48.8% |
| Latin America | 197.1 | 241.9 | 188.7 | 223.0 | 278.5 | 357.4 | 462.7 | 599.1 | 775.1 | 1,004.2 | 1,307.9 | 1,637.9 | 2,110.7 | 28.9% |
| MEA | 723.8 | 2,109.0 | 1,940.3 | 2,851.7 | 3,778.5 | 5,028.6 | 6,725.0 | 9,038.5 | 12,257.3 | 16,675.5 | 22,742.2 | 31,041.5 | 42,462.5 | 35.6% |
| Overall | 13,982.9 | 18,243.3 | 12,836.3 | 17,828.1 | 22,113.5 | 27,354.3 | 33,960.4 | 43,208.4 | 55,629.8 | 71,681.3 | 91,462.1 | 111,560.4 | 134,448.1 | 25.5% |
Related regional statistics
No records
No related regions found.
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
