U.S. Legal Cannabis Market Size & Outlook, 2023-2030
U.S. legal cannabis market, 2018-2030 (US$M)
Related Markets
U.S. legal cannabis market highlights
- The U.S. legal cannabis market generated a revenue of USD 15,821.1 million in 2023 and is expected to reach USD 40,097.2 million by 2030.
- The U.S. market is expected to grow at a CAGR of 14.2% from 2024 to 2030.
- In terms of segment, marijuana 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 15,821.1 million |
| Market revenue in 2030 | USD 40,097.2 million |
| Growth rate | 14.2% (CAGR from 2023 to 2030) |
| Largest segment | Marijuana |
| 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, U.S. accounted for 57.8% 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 North America, U.S. legal cannabis market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 7,391.6 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 |
|---|
U.S. 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 87.03% in 2023. Horizon Databook has segmented the U.S. legal cannabis market based on marijuana, hemp covering the revenue growth of each sub-segment from 2018 to 2030.
The country has the largest consumer base owing to high awareness about cannabis, introduction of 2018 Farm Bill that legalized hemp-derived products in the country and increase in the preference for CBD-based products, such as food & beverages, cosmetics, and wellness products in the country.
California was the first state to legalize the use of cannabis for medical use in the U.S. Some of the other states followed suit and approved the use of cannabis for medical purposes, due to its high demand by patients and increasing awareness regarding its medical benefits.
Reasons to subscribe to U.S. 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 U.S. 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 country-level data and insights on the U.S. legal cannabis market , including forecasts for subscribers. This country databook contains high-level insights into U.S. legal cannabis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
U.S. legal cannabis market size, by source, 2018-2030 (US$M)
U.S. Legal Cannabis Market Outlook Share, 2023 & 2030 (US$M)
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
