North America Legal Marijuana Market Size & Outlook

The legal marijuana market in North America is expected to reach a projected revenue of US$ 42,303.7 million by 2030. A compound annual growth rate of 15% is expected of North America legal marijuana market from 2024 to 2030.
Revenue, 2023 (US$M)
$15,934.7
Forecast, 2030 (US$M)
$42,303.7
CAGR, 2024 - 2030
15%
Report Coverage
North America

North America legal marijuana market highlights

  • The North America legal marijuana market generated a revenue of USD 15,934.7 million in 2023.
  • The market is expected to grow at a CAGR of 15% 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.
  • Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.

North America data book summary

Market revenue in 2023USD 15,934.7 million
Market revenue in 2030USD 42,303.7 million
Growth rate15% (CAGR from 2023 to 2030)
Largest segmentMedical use
Fastest growing segmentAdult Use
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 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, North America region accounted for 76.0% of the global legal marijuana market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 16,968.5 million by 2030.

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Legal Marijuana Market Scope

Legal marijuana market segmentation & scope
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
Flower
Oil and Tinctures

Legal Marijuana Market Companies

Name Profile # Employees HQ Website

North America 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 76.93% in 2023. Horizon Databook has segmented the North America legal marijuana market based on medical use, adult use covering the revenue growth of each sub-segment from 2018 to 2030.


  • North America 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
  • North America Legal Marijuana Product Outlook (Revenue, USD Million, 2018-2030)
    • Flower
    • Oil and Tinctures

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Target buyers of North America legal marijuana market databook

  • 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.
  • 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 continent-level data and insights on the North America legal marijuana market , including forecasts for subscribers. This continent databook contains high-level insights into North America legal marijuana market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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North America legal marijuana market size, by country, 2018-2030 (US$M)

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

North America legal marijuana market size, by country, 2018-2030 (US$M)

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