Italy Legal Marijuana Market Size & Outlook, 2023-2030
Italy legal marijuana market, 2018-2030 (US$M)
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Italy legal marijuana market highlights
- The Italy legal marijuana market generated a revenue of USD 24.6 million in 2023 and is expected to reach USD 175.9 million by 2030.
- The Italy market is expected to grow at a CAGR of 32.4% 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 2023 | USD 24.6 million |
| Market revenue in 2030 | USD 175.9 million |
| Growth rate | 32.4% (CAGR from 2023 to 2030) |
| Largest segment | Medical use |
| Fastest growing segment | Adult Use |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Medical Use, Adult Use |
| Key market players worldwide | Canopy 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, Italy 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 Europe, Switzerland legal marijuana market is projected to lead the regional market in terms of revenue in 2030.
- Switzerland is the fastest growing regional market in Europe and is projected to reach USD 625.5 million by 2030.
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Legal Marijuana Market Scope
Legal Marijuana Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy 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 81.71% in 2023. Horizon Databook has segmented the Italy legal marijuana market based on medical use, adult use covering the revenue growth of each sub-segment from 2018 to 2030.
In Italy, the medical use of marijuana was first approved in 2007. Presently, marijuana imported from Netherlands is only allowed to be sold in the country. In January 2013, the Health Minister signed a bill that allows medical use of marijuana for patients with a valid prescription from a licensed physician.
Patients are now allowed to obtain medical marijuana legally from licensed and state-run pharmacies. However, till date, the only marijuana available are those imported from the Netherlands. The cost of such medicines is high as compared to its price in the Netherlands.
In July 2015, 218 Italian lawmakers from various political parties signed a bill for legalizing the possession of medical marijuana up to 15 grams’ retail sales, and its cultivation in personal quantities. Thus, increasing use of marijuana and expected legalization of marijuana are likely to drive the Italy market during the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy legal marijuana market , including forecasts for subscribers. This country databook contains high-level insights into Italy legal marijuana market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy legal marijuana market size, by application, 2018-2030 (US$M)
Italy Legal Marijuana Market Outlook Share, 2023 & 2030 (US$M)
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