Uruguay Legal Marijuana Market Size & Outlook, 2023-2030
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Uruguay legal marijuana market highlights
- The Uruguay legal marijuana market generated a revenue of USD 6.1 million in 2023 and is expected to reach USD 88.9 million by 2030.
- The Uruguay market is expected to grow at a CAGR of 46.8% from 2024 to 2030.
- In terms of segment, adult 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 6.1 million |
| Market revenue in 2030 | USD 88.9 million |
| Growth rate | 46.8% (CAGR from 2023 to 2030) |
| Largest segment | Adult 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 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 Scope
Legal Marijuana Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Lexaria Bioscience Corp | View profile | 3 | 740 McCurdy Road, Suite 100, Kelowna, BC, Canada, V1X 2P7 | https://www.lexariabioscience.com |
| Wayland Group Corp | View profile | - | 845 Harrington Court, Unit 3, Burlington, ON, Canada, L7N 3P3 | https://www.waylandgroup.com |
| GW Pharmaceuticals | View profile | 51-100 | Histon, Cambridgeshire, United Kingdom, Europe | http://gwpharm.com |
| MediPharm Labs Corp | View profile | 166 | 151 John Street, Barrie, ON, Canada, L4N 2L1 | https://www.medipharmlabs.com |
| OrganiGram Holdings Inc | View profile | 987 | 145 King Street West, Suite 1400, Toronto, ON, Canada, M5H 1J8 | https://www.organigram.ca |
| The Cronos Group | View profile | 1001-5000 | Kontich, Antwerpen, Belgium, Europe | https://cronos-groep.be/ |
| Tilray Brands Inc | View profile | 1600 | 265 Talbot Street West, Leamington, ON, Canada, N8H 5L4 | https://www.tilray.com |
| Canopy Growth Corp | View profile | 1621 | 1 Hershey Drive, Smiths Falls, ON, Canada, K7A 0A8 | https://www.canopygrowth.com |
| Aurora Cannabis Inc | View profile | 1130 | 3498 63 Avenue, Leduc, AB, Canada, T9E 0G8 | https://www.auroramj.com |
Uruguay 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.
Adult use was the largest segment with a revenue share of 59.02% in 2023. Horizon Databook has segmented the Uruguay legal marijuana market based on medical use, adult use covering the revenue growth of each sub-segment from 2018 to 2030.
Uruguay had legalized sale of marijuana for medical and adult use in 2012. The government of Uruguay launched medical marijuana program in 2017, which made registration with the government mandatory for purchasing or growing cannabis.
Uruguay government regulates cultivation, distribution, and prices of medical marijuana. Government has also capped cultivation of cannabis for personal use to 480 grams, and the price of medical marijuana sold through pharmacies is capped at USD 1.30 per gram in order to curb the marijuana black market.
Cannabis has never been criminalized in Uruguay, as government had legalized medical and adult use of marijuana with the hope of reducing drug-related crimes and restraining the marijuana black market.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Uruguay legal marijuana market , including forecasts for subscribers. This country databook contains high-level insights into Uruguay legal marijuana market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Uruguay legal marijuana market size, by medical use, 2018-2030 (US$M)
Uruguay Legal Marijuana Market Outlook Share, 2023 & 2030 (US$M)
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