Global Legal Marijuana Market Size & Outlook
The legal marijuana industry worldwide is expected to reach a projected revenue of US$ 102,245.4 million by 2030. A compound annual growth rate of 25.4% is expected of the worldwide legal marijuana industry from 2024 to 2030.
Revenue, 2023 (US$M)
$20,976.8
Forecast, 2030 (US$M)
$102,245.4
CAGR, 2024 - 2030
25.4%
Report Coverage
Worldwide
Global legal marijuana market, 2018-2030 (US$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 segmentation & scope
Others
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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Our clientele includes a mix of legal marijuana 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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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 statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Legal marijuana market size, 2023 (USD Million)
Top 10 countries: Legal marijuana market size, 2023 (USD Million)
Global legal marijuana market, by region, 2023 (US$M)
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