Uruguay Legal Cannabis Market Size & Outlook, 2023-2030
Uruguay legal cannabis market, 2018-2030 (US$M)
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Uruguay legal cannabis market highlights
- The Uruguay legal cannabis market generated a revenue of USD 22.6 million in 2023 and is expected to reach USD 146.0 million by 2030.
- The Uruguay market is expected to grow at a CAGR of 30.5% 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 22.6 million |
| Market revenue in 2030 | USD 146.0 million |
| Growth rate | 30.5% (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, Uruguay accounted for 0.1% 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 Latin America, Mexico legal cannabis market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 377.8 million by 2030.
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Legal Cannabis Market Scope
Legal Cannabis Market Companies
| Name | Profile | # Employees | HQ | Website |
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Uruguay 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 73.45% in 2023. Horizon Databook has segmented the Uruguay legal cannabis market based on marijuana, hemp covering the revenue growth of each sub-segment from 2018 to 2030.
Uruguay had legalized sale of medical and recreational cannabis in 2012. The government of Uruguay launched medical marijuana program in 2017, which made registration with the government mandatory for purchasing or growing cannabis.
The Uruguay government regulates cultivation, distribution, and prices of medical cannabis. It has also capped cultivation of cannabis for personal use to 480 grams, and the price of medical marijuana sold through pharmacies is capped at USD 1.30 per gram to curb the marijuana black market.
Furthermore, cannabis has never been criminalized in Uruguay, as the government had legalized medical and recreational cannabis with the hope of reducing drug-related crimes and restraining the cannabis black market.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Uruguay legal cannabis market , including forecasts for subscribers. This country databook contains high-level insights into Uruguay legal cannabis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Uruguay legal cannabis market size, by source, 2018-2030 (US$M)
Uruguay Legal Cannabis Market Outlook Share, 2023 & 2030 (US$M)
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