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.
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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
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Target buyers of Global legal cannabis market databook
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Our clientele includes a mix of legal cannabis market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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.
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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)
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