Brazil Legal Marijuana Market Size & Outlook, 2023-2030

The legal marijuana market in Brazil is expected to reach a projected revenue of US$ 124.5 million by 2030. A compound annual growth rate of 41.7% is expected of Brazil legal marijuana market from 2024 to 2030.
Revenue, 2023 (US$M)
$10.9
Forecast, 2030 (US$M)
$124.5
CAGR, 2024 - 2030
41.6%
Report Coverage
Brazil

Brazil legal marijuana market highlights

  • The Brazil legal marijuana market generated a revenue of USD 10.9 million in 2023 and is expected to reach USD 124.5 million by 2030.
  • The Brazil market is expected to grow at a CAGR of 41.7% from 2024 to 2030.
  • In terms of segment, medical use was the largest revenue generating application in 2023.
  • Adult Use is the most lucrative application segment registering the fastest growth during the forecast period.


Legal marijuana market data book summary

Market revenue in 2023USD 10.9 million
Market revenue in 2030USD 124.5 million
Growth rate41.7% (CAGR from 2023 to 2030)
Largest segmentMedical use
Fastest growing segmentAdult Use
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationMedical Use, Adult Use
Key market players worldwideCanopy Growth Corp, Aurora Cannabis Inc, Tilray Brands Inc, MediPharm Labs Corp, The Cronos Group, Wayland Group Corp, OrganiGram Holdings Inc, Lexaria Bioscience Corp, GW Pharmaceuticals


Other key industry trends

  • In terms of revenue, Brazil accounted for 0.1% of the global legal marijuana 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 marijuana 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 230.0 million by 2030.

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Legal Marijuana Market Companies

Name Profile # Employees HQ Website

Brazil 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 97.25% in 2023. Horizon Databook has segmented the Brazil legal marijuana market based on medical use, adult use covering the revenue growth of each sub-segment from 2018 to 2030.


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  • Our clientele includes a mix of legal marijuana 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.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil legal marijuana market , including forecasts for subscribers. This country databook contains high-level insights into Brazil legal marijuana market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Brazil legal marijuana market size, by application, 2018-2030 (US$M)

Brazil Legal Marijuana Market Outlook Share, 2023 & 2030 (US$M)

Brazil legal marijuana market size, by application, 2018-2030 (US$M)

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