Global Legal Marijuana Market Size & Outlook, 2023-2030
Global legal marijuana market, 2018-2030 (US$M)
Related Markets
Global legal marijuana market highlights
- The global legal marijuana market generated a revenue of USD 20,976.8 million in 2023 and is expected to reach USD 102,245.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 25.4% by 2030.
- In terms of segment, medical use accounted for a revenue of USD 16,598.1 million in 2023.
- Adult Use is the most lucrative application 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 20,976.8 million |
| Market revenue in 2030 | USD 102,245.4 million |
| Growth rate | 25.4% (CAGR from 2023 to 2030) |
| Largest segment | Medical use |
| Fastest growing segment | Adult Use |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Medical Use, Adult Use |
Other key industry trends
- In terms of revenue, the North America accounted for 76.0% of the global legal marijuana 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 35,719.2 million by 2030.
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Legal Marijuana Market Scope
Legal Marijuana Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global legal marijuana 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 marijuana market will help companies and investors design strategic landscapes.
Medical use was the largest segment with a revenue share of 79.13% in 2023. Horizon Databook has segmented the Global legal marijuana market based on medical use, adult use covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Legal Marijuana Application Outlook (Revenue, USD Million, 2018-2030)
- Medical Use
- 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
- Adult Use
- Medical Use
- Global Legal Marijuana Product Outlook (Revenue, USD Million, 2018-2030)
- Flower
- Oil and Tinctures
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Horizon Databook provides a detailed overview of global-level data and insights on the Global legal marijuana market , including forecasts for subscribers. This global databook contains high-level insights into Global legal marijuana market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global legal marijuana market size, by regions, 2018-2030 (US$M)
Top 10 countries: Legal marijuana market size, 2023 (US$M)
Global legal marijuana market share, by application, 2023 & 2030 (%, US$M)
Legal marijuana market: Opportunity assessment by country
Global legal marijuana market, by region, 2023 (US$M)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 9,143.3 | 11,371.3 | 7,228.6 | 10,611.8 | 13,163.5 | 15,934.7 | 18,937.0 | 22,121.2 | 25,573.6 | 29,487.9 | 33,912.6 | 38,389.6 | 42,303.7 | 15.0% |
| Europe | 78.2 | 115.8 | 105.0 | 153.8 | 204.7 | 278.3 | 375.1 | 503.8 | 656.4 | 895.2 | 1,191.4 | 1,463.2 | 1,769.2 | 30.3% |
| Asia Pacific | 2.6 | 26.2 | 23.2 | 36.1 | 78.1 | 277.1 | 528.8 | 1,445.3 | 2,978.0 | 5,683.1 | 10,010.2 | 13,986.1 | 16,968.5 | 80.0% |
| Latin America | 2.9 | 21.4 | 20.2 | 30.4 | 55.6 | 95.7 | 154.4 | 232.6 | 339.9 | 486.6 | 686.9 | 950.2 | 1,284.9 | 44.9% |
| MEA | 457.6 | 1,680.9 | 1,555.5 | 2,409.1 | 3,211.3 | 4,391.1 | 5,957.8 | 8,154.1 | 11,134.2 | 15,236.7 | 20,881.5 | 28,957.8 | 39,919.1 | 37.1% |
| Overall | 9,684.4 | 13,215.5 | 8,932.6 | 13,241.1 | 16,713.2 | 20,976.8 | 25,953.1 | 32,457.1 | 40,682.1 | 51,789.6 | 66,682.6 | 83,746.8 | 102,245.4 | 25.4% |
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