UK Legal Marijuana Market Size & Outlook, 2023-2030
UK legal marijuana market, 2018-2030 (US$M)
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UK legal marijuana market highlights
- The UK legal marijuana market generated a revenue of USD 19.2 million in 2023 and is expected to reach USD 125.4 million by 2030.
- The UK market is expected to grow at a CAGR of 30.8% 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 19.2 million |
| Market revenue in 2030 | USD 125.4 million |
| Growth rate | 30.8% (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, UK 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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UK 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 65.1% in 2023. Horizon Databook has segmented the UK legal marijuana market based on medical use, adult use covering the revenue growth of each sub-segment from 2018 to 2030.
UK is rapidly advancing its medical marijuana legal framework and legalized marijuana for medical use in November 2018. The rising awareness regarding the benefits of marijuana in chronic pain management and mental disorders is boosting the growth of the UK market.
As per recent news, NHS is scheduled to carry out a clinical trial of cannabis oils and its benefits on physical, mental, and emotional health. The UK laws on cannabis cultivation, possession, and consumption are stringent and therefore, the medical marijuana market relies mainly on imports.
In September 2020, UK launched the Cancard, a medical cannabis card to exempt prescribed users from arrest and prosecution. Cancard initiative was launched with the support of the Police Federation, medical practitioners, and government authorities.
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Our clientele includes a mix of legal marijuana market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 UK legal marijuana market , including forecasts for subscribers. This country databook contains high-level insights into UK legal marijuana market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK legal marijuana market size, by application, 2018-2030 (US$M)
UK Legal Marijuana Market Outlook Share, 2023 & 2030 (US$M)
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