Japan Legal Cannabis Market Size & Outlook, 2023-2030
Japan legal cannabis market, 2018-2030 (US$M)
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Japan legal cannabis market highlights
- The Japan legal cannabis market generated a revenue of USD 262.4 million in 2023 and is expected to reach USD 3,266.3 million by 2030.
- The Japan market is expected to grow at a CAGR of 43.4% from 2024 to 2030.
- In terms of segment, hemp was the largest revenue generating source in 2023.
- Marijuana is the most lucrative source segment registering the fastest growth during the forecast period.
Legal cannabis market data book summary
| Market revenue in 2023 | USD 262.4 million |
| Market revenue in 2030 | USD 3,266.3 million |
| Growth rate | 43.4% (CAGR from 2023 to 2030) |
| Largest segment | Hemp |
| Fastest growing segment | Marijuana |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Marijuana, Hemp |
| Key market players worldwide | Canopy Growth Corp, Aurora Cannabis Inc, Aphria Inc, The Cronos Group, Tilray Brands Inc, Sundial Growers, Insys Therapeutics, The Scotts Miracle Gro Co Class A, MediPharm Labs Corp, Cara Therapeutics Inc, GW Pharmaceuticals |
Other key industry trends
- In terms of revenue, Japan accounted for 1.0% of the global legal cannabis market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Thailand legal cannabis market is projected to lead the regional market in terms of revenue in 2030.
- Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 9,624.1 million by 2030.
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Legal Cannabis Market Scope
Legal Cannabis Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan 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.
Hemp was the largest segment with a revenue share of 92.68% in 2023. Horizon Databook has segmented the Japan legal cannabis market based on marijuana, hemp covering the revenue growth of each sub-segment from 2018 to 2030.
Consumption and cultivation of cannabis are illegal in Japan as the government has categorized cannabis as a narcotic drug. However, this status has not affected the consumption of cannabis in the country.
Moreover, the Japanese police are struggling to curb this increase in the number of cannabis users. However, the government in the country has adopted a lenient approach toward medical cannabis due to increasing patient population and growing legalization of medical cannabis in western countries.
hese trials are the first step toward changing reforms for medical cannabis in Japan. If these trials prove to be successful, the government may legalize the use of medical cannabis. This is anticipated to drive the market growth over the forecast period.
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Our clientele includes a mix of legal cannabis market companies, investment firms, advisory firms & academic institutions.
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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 country-level data and insights on the Japan legal cannabis market , including forecasts for subscribers. This country databook contains high-level insights into Japan legal cannabis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan legal cannabis market size, by source, 2018-2030 (US$M)
Japan Legal Cannabis Market Outlook Share, 2023 & 2030 (US$M)
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