Spain Legal Marijuana Market Size & Outlook, 2023-2030
Spain legal marijuana market, 2018-2030 (US$M)
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Spain legal marijuana market highlights
- The Spain legal marijuana market generated a revenue of USD 5.4 million in 2023 and is expected to reach USD 32.7 million by 2030.
- The Spain market is expected to grow at a CAGR of 29.4% 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 5.4 million |
| Market revenue in 2030 | USD 32.7 million |
| Growth rate | 29.4% (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
- 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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Spain 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 81.48% in 2023. Horizon Databook has segmented the Spain legal marijuana market based on medical use, adult use covering the revenue growth of each sub-segment from 2018 to 2030.
Spain was amongst one of the first European countries to decriminalize marijuana consumption for recreational use by adults and permitted cultivation for personal use. However, marijuana for medical use lacks regulatory framework and therefore, the prescription and commercialization of medical marijuana still stands illegal in Spain.
Spain houses five authorized medical marijuana companies, four of them focus on the production and export and one of them focuses on clinical trial. In September 2020, Medical Plants S.L.U was the latest entrant to the Spanish medical marijuana landscape.
Similarly, in July 2020 Spain’s Agency for Medicines and Health Products granted export license to Medalchemy. Additionally, the presence of private cannabis clubs promotes marijuana use for recreational purposes by adults.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Spain legal marijuana market , including forecasts for subscribers. This country databook contains high-level insights into Spain legal marijuana market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain legal marijuana market size, by application, 2018-2030 (US$M)
Spain Legal Marijuana Market Outlook Share, 2023 & 2030 (US$M)
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