"THC flowers / buds" and "THC edibles (e.g., gummies, cookies)" are the top two answers among U.S. consumers in our survey on the subject of "Usage of Cannabis products".The survey was conducted online among ***** respondents in the United States, in 2024. Looking to gain valuable insights about Cannabis users worldwide? Check out our

As of fall 2024, around ***percent of U.S. college students who had ever used cannabis had used it daily or almost daily in the past 3 months. This statistic presents the percentage of college students in the U.S. that had used marijuana during the past 3 months as of fall 2024, by frequency. Substance use among college students In 2024, alcohol was the most widely used substance among U.S. college students, followed by cannabis and tobacco products. At that time, around ** percent of college students reported they had drank alcohol at some point in their lifetime. Furthermore, nearly ********* of students reported using marijuana within the past thirty days. Unfortunately, substance use is often a maladaptive coping strategy used to deal with academic and social pressures, difficult emotions, and stress. Substance use and mental health Using substances can exacerbate existing mental health difficulties, as substance use and mental disorders often go-hand in hand. This is an issue of utmost importance due to the higher risk of suicide and self-harm behaviors among the college-aged population in the United States. Although over *********** of college students receiving mental health services also felt the need to reduce their drug and alcohol use in 2024, only *** percent reported actually receiving treatment for drug or alcohol use alongside their mental health treatment.

The largest group of rare or non-drinkers was found among respondents in the United States that consumed cannabis daily as of 2024. The next largest group was found among respondents that only used cannabis a few times a year.

There are currently around *** million cannabis users worldwide. The highest number of cannabis users can be found in the Americas, followed by Asia and then Africa. The use of cannabis varies depending on the country and region as laws surrounding the sale and use of the drug differ greatly. Some countries and regions maintain harsh penalties for the sale and use of cannabis while others have decriminalized it and more recently even completely legalized it for recreational sale and use. Cannabis Cannabis is by far the most used illicit drug worldwide. Cannabis produces physical and mental effects that change a user’s perception, heighten mood and increase appetite, but can also cause anxiety and paranoia. There has been increased interest in cannabis as a medicine in recent years, with a number of countries legalizing it for this purpose. As a medicine it has been found to reduce nausea and vomiting during chemotherapy, reduce chronic pain, and improve appetite. Legal cannabis in North America Canada as well as a growing number of U.S. states have recently legalized the sale and use of recreational cannabis. Worldwide legal cannabis spending is predicted to reach over ** billion U.S. dollars by the year 2024, with the United States and Canada accounting for the vast majority of this market. The state of Washington alone reported sales of *** billion U.S. dollars in 2022.

Adult use sales of cannabis in Michigan totaled over ************* U.S. dollars in 2023. This represented an increase of *** percent over the previous year.

From 2021 to 2023, some **** percent of college and university students who received mental health services had used marijuana within the past two weeks. This statistic shows the percentage of college and university students in the U.S. who received mental health services and had used marijuana within the past 2 weeks from 2012 to 2023.

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Marijuana Market Size 2024-2028

The marijuana market size is forecast to increase by USD 87.8 billion at a CAGR of 32.14% between 2023 and 2028.

The market is experiencing significant growth due to the increasing legalization of cannabis for medical and recreational use in various regions. This trend is further fueled by the expansion of the e-commerce industry, enabling easier access to cannabis-infused edible products, CBD oil, and other cannabinoid-based offerings. However, the market also faces challenges such as the potential side effects associated with inappropriate use of medical marijuana and the need for effective pest control solutions to ensure product quality and safety. The cannabis industry is evolving rapidly, with a focus on innovation and compliance to meet the growing demand for CBD and other cannabinoid-based products.

What will be the Size of the Marijuana Market During the Forecast Period?

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The market encompasses a diverse range of products derived from the Cannabis plant, including flowers, concentrates, edibles, topicals and tinctures. Two primary types of cannabis are commonly recognized: Cannabis sativa and Cannabis indica. THC (tetrahydrocannabinol) and CBD (cannabidiol) are the most prominent cannabinoids, with THC producing psychoactive effects and CBD offering therapeutic benefits. Medical cannabis and recreational cannabis are the two primary market segments. Medical cannabis is used to alleviate symptoms of various conditions, such as chemotherapy-induced nausea, while recreational cannabis is consumed for its psychoactive properties. CBD products, such as CBD gummies, have gained popularity due to their non-psychoactive nature and potential health benefits.
The market is continually evolving, with new products and innovations emerging regularly. Cannabinoids, including CBD (Epidiolex) and THC (Sativex, Marinol, Syndros, and others), are being developed and marketed as pharmaceuticals. The cannabis market is experiencing significant growth and is expected to continue expanding due to increasing legalization, consumer demand, and ongoing research and development.

How is this Marijuana Industry segmented and which is the largest segment?

The marijuana industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Medical marijuana
  Recreational marijuana


Type

  Oil and tinctures
  Flower


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK


  APAC



  South America



  Middle East and Africa

By Product Insights

The medical marijuana segment is estimated to witness significant growth during the forecast period. Medical marijuana is experiencing significant growth In the US market due to its potential therapeutic benefits for various health conditions. Chronic pain, including neuropathic and inflammatory pain, is one of the primary conditions treated with marijuana. The increasing prevalence of chronic pain among adults and the popularity of medical marijuana as a pain reliever are driving market expansion. Additionally, medical marijuana has shown promise in alleviating nausea caused by conditions such as Crohn's disease, acute gastritis, hypoglycemia, panic disorder, and arachnoiditis. Marijuana plants used for medicinal purposes include Cannabis indica, Cannabis sativa, and hybrids. The market for medical marijuana products, including flowers, concentrates, edibles, topicals, and tinctures, is expected to continue growing due to their potential therapeutic applications in treating conditions such as epilepsy, multiple sclerosis, anxiety, cancer, glaucoma, and insomnia.

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The Medical marijuana segment was valued at USD 9.19 billion in 2018 and showed a gradual increase during the forecast period. THC and CBD are the primary cannabinoids found in marijuana, with THC providing psychoactive effects and CBD offering therapeutic benefits without the high. Other cannabinoid-based products, such as Sativex, Marinol, Cesamet, and various cannabis-based products, are also gaining popularity for their medicinal applications. The legalization of marijuana for adult use in some states and continued clinical trials for various conditions are further fueling market growth.

Regional Analysis

North America is estimated to contribute 87% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In North America, the legalization of marijuana for medical use is gaining momentum. In the US and Canada, marijuana is authorized for thera

In 2023, approximately 61.8 million people used marijuana in the past year. This statistic shows the number of people in the U.S. who have used marijuana in the past year from 2009 to 2023.

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US Cannabis Market Size 2025-2029

The US cannabis market size is forecast to increase by USD 141.48 billion at a CAGR of 37.1% between 2024 and 2029.

The US cannabis market is experiencing significant growth, driven by the expanding millennial population in key markets and increasing investment in research and production of medical marijuana. This demographic shift, coupled with growing acceptance of cannabis for medicinal purposes, presents a substantial opportunity for market expansion. From soothing medical treatments to trendy recreational products, cannabis is weaving its way into the fabric of American life, transforming healthcare, leisure, and local economies. However, challenges persist, including accessibility issues and high prices associated with medical cannabis. These obstacles necessitate strategic planning and innovation from industry players to effectively cater to consumer needs and maintain competitiveness.
Companies seeking to capitalize on market opportunities must navigate these challenges, ensuring regulatory compliance and offering competitive pricing and accessibility solutions. By addressing these factors, businesses can effectively position themselves in the dynamic and evolving cannabis market landscape.

What will be the size of the US Cannabis Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The cannabis market in the US is experiencing significant market dynamics and trends, with various entities playing crucial roles. Environmental impact is a pressing concern, as the industry explores sustainable practices, such as water management and energy efficiency, to minimize its carbon footprint. Economic impact is substantial, with tax revenue generation and job creation being key drivers. Regulatory challenges persist, as legal frameworks evolve, addressing issues like intellectual property, data analytics, and drug abuse prevention. Product safety and consumer safety are paramount, with rigorous testing for addictive substances and contaminants. Yield optimization and nutrient solutions are essential for maximizing profits, while cannabis accessories, including dab rigs and vaporizers, cater to diverse consumer preferences.
Waste management and public health concerns are also critical, as the industry navigates the complexities of the legal framework, grey market, and public opinion. Social equity initiatives aim to address historical injustices and promote community impact. Trichome analysis and legalization debates continue, as the industry strives for product standardization and consumer trust. Regulatory compliance, product safety, and sustainability are essential for navigating the evolving cannabis market landscape.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Derivative Type

  CBD
  THC
  Balanced THC and CBD


Product

  Medical
  Recreational


Source

  Marijuana
  Hemp


Cultivation Type

  Indoor Cultivation
  Outdoor Cultivation
  Greenhouse Cultivation


Distribution Channel

  Dispensaries
  Online


Geography

  North America

    US

By Derivative Type Insights

The cbd segment is estimated to witness significant growth during the forecast period.

The CBD segment in the US cannabis market is expected to remain dominant due to the federal legality of hemp-derived CBD oil. This trend is driven by relaxing government norms regarding CBD usage in most states and at the federal level. As of 2024, states like Georgia and Indiana allow hemp-derived CBD oil for medicinal purposes, with Georgia permitting oil containing up to 5% THC for specific medical conditions, and Indiana allowing its use as long as it contains less than 0.3% THC. Quality control and compliance regulations are crucial in the cannabis industry, with potency testing, heavy metal testing, microbial testing, and pesticide testing being essential for ensuring consumer safety.

Extraction methods, such as supercritical fluid extraction and CO2 extraction, play a significant role in the production of CBD isolate, broad-spectrum CBD, and THC oil. Brand development and marketing strategies are essential for businesses looking to succeed in the competitive cannabis market, with product labeling, inventory management, and consumer perception being key factors. The cannabis market encompasses various product offerings, including cannabis edibles, cannabis concentrates, and cannabis cultivation methods like soil cultivation, outdoor growing, and indoor growing. Organic cannabis and child-resistant packaging are also important considerations for businesses. D

Current marijuana use among U.S. adults in 2022 was highest in Vermont, where around 34.37 percent of adults reported using marijuana within the past year. In recent years, a number of U.S. states, including Colorado and California, have legalized the sale of marijuana for recreational use. In 2022, around 132 million people in the United States reported that they had used marijuana at least once in their lifetime.

Consumer behavior Starting around 2013, the majority of U.S. adults now say they are in favor of legalizing marijuana in the United States. The share of adults who were in favor of legalization has continued to increase over the years. As of 2021, about 68 percent of U.S. adults aged 18 and older were in favor of legalization. Legal sales of marijuana reached 16.5 billion U.S. dollars in 2021, and are expected to increase to around 37 billion dollars by the year 2026.

COVID-19 impact on marijuana use The COVID-19 pandemic and resulting lockdowns led to fears of an increase in substance abuse in many parts of the world. In March 2020, around 40 percent of millennials who used cannabis in the past year reported that they planned to increase their marijuana use during the COVID-19 pandemic. This rise in usage was reflected in sales early in the pandemic. In California for example, sales of marijuana on March 16, 2020 increased 159 percent compared to the same day in 2019.

Medical marijuana dispensaries have enjoyed massive revenue growth amid more favorable state-level legislation. At the time of writing, 38 states permit the medical use of cannabis products, with legislation constantly evolving. Not only have more states adopted favorable laws but states with existing legalized medical marijuana dispensaries have also expanded and reached more areas. In states where recreational marijuana sales are permitted, dispensaries face heightened competition, but some have circumvented this by becoming hybrid operations and serving both medical and recreational patients. These conditions have led to revenue spiking at a CAGR of 21.0% over the past five years; though growth is expected to slow in 2024, expanding just 3.4%, revenue will reach an estimated $19.6 billion. The rise in favorable marijuana legislation is primarily beneficial for medical dispensaries. The number of suppliers has boomed, giving dispensaries greater purchasing power and ultimately reducing operational costs. More visibility and acceptance have led to more patients becoming willing to give medical marijuana a try. Some medical dispensaries have become hybrid operations, serving medical and recreational markets, boosting profit substantially. However, the boom in recreational laws is a double-edged sword. Obtaining a medical card can be time-consuming and costly for patients, while recreational dispensaries only require customers to be of legal age. Since the price differential between products is minimal in many states, the draw of recreational dispensaries is becoming difficult to ignore. Over the next five years, medical marijuana dispensaries will likely enjoy more favorable legislation. Marijuana may be reclassified as a Schedule III drug, making it far easier to conduct research on medical marijuana and develop better products, likely reducing purchase costs for dispensaries. The reclassification could also spur more banks and financial institutions to work with medical dispensaries. However, the threat of recreational dispensaries overtaking the market and siphoning medical facilities' customers will likely grow, as states typically legalize recreational use at some point after medical. Thus, revenue is forecast to climb at a relatively subdued CAGR of 4.3% over the next five years, reaching $24.2 billion.

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North America Cannabis Packaging Market Size 2024-2028

The North America cannabis packaging market size is forecast to increase by USD 5.4 billion at a CAGR of 35.11% between 2023 and 2028.

The market is experiencing significant growth, driven by the legalization of cannabis in various jurisdictions and the increasing consumer demand for this product. One of the key trends in this market is the rising use of sustainable and eco-friendly packaging solutions, as consumers and regulatory bodies push for more environmentally friendly practices. Another critical factor is the need for regulatory compliance in cannabis packaging, as stringent regulations regarding child-resistant packaging and labeling requirements are being implemented. These regulations ensure consumer safety and create opportunities for companies to differentiate themselves by offering compliant and innovative packaging solutions.
Companies seeking to capitalize on this market's opportunities must stay informed of regulatory requirements and consumer preferences while investing in sustainable and innovative packaging technologies to meet the evolving needs of the cannabis industry.

What will be the size of the North America Cannabis Packaging Market during the forecast period?

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The market is experiencing significant growth due to the expanding cannabis industry. Cannabis producers and retailers prioritize child-resistant packaging, product labeling with tamper-evident features, and sustainable packaging materials to ensure product safety and security. Innovative designs cater to various product formats, including flower, edibles, and CBD-infused products. Dosage control and product information transparency are essential for medical cannabis users, particularly those with conditions like Lennox-Gastaut Syndrome and Dravet Syndrome, who rely on precise dosages. As the market evolves, regulations continue to prioritize product safety and consumer protection, driving the adoption of advanced packaging technologies.
The cannabis packaging industry encompasses a wide range of product offerings, from traditional marijuana packaging to specialized solutions for medicinal marijuana, Marinol, and recreational cannabis.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Material

  Glass
  Metal
  Plastics
  Cardboard containers


Type

  Rigid packaging
  Flexible packaging


Geography

  North America

    US
    Canada
    Mexico

By Material Insights

The glass segment is estimated to witness significant growth during the forecast period. The North American cannabis packaging market encompasses various segments, including glass packaging, which is widely utilized by cannabis producers and retailers for its benefits in preserving product quality and sustainability. Glass containers ensure product freshness by maintaining impermeability, preventing the loss of aromas, flavors, and the entry of contaminants, particularly crucial for moisture-sensitive cannabis products. This segment caters to both recreational and medical cannabis, including cannabis-infused beverages, edibles, concentrates, and topicals. Innovative designs, child-resistant mechanisms, tamper-evident seals, and sustainable materials like bio-degradable plastics and recycled paper are integral to the industry's packaging strategies. Product safety, security, and information transparency are essential considerations, with technology advancements enabling UV-resistant packaging, controlled supply networks, and airtight containers.

Compliance with labeling regulations, dose information, and brand recognition are also crucial factors. The market caters to various cannabis formats, ensuring consumer safety and product quality while addressing concerns related to contamination, deterioration, and tampering.

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The Glass segment was valued at USD 172.80 million in 2018 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of the North America Cannabis Packaging Market?

Legalization of cannabis in North America is the key driver of the market. The market has experienced notable growth due to the legalization of cannabis in various jurisdictions for medical and recreational use. The demand for cannabis packaging solutions has escalated, necessitating innovative and child-resistant designs. R

Medical and recreational marijuana stores retail medical cannabis (by prescription) and recreational products, including edibles, pre-rolls, flower, cartridges, concentrates and other derivatives. The legalization of marijuana for medical or recreational purposes and the growing acceptance of legal marijuana use provided dispensaries and investors with unprecedented opportunities, leading to robust entry rates and skyrocketing revenues. Currently, 24 states and the District of Columbia have legalized recreational usage, with new states legalizing each year, creating massive revenue and profit growth. Overall, revenue has climbed at an expected CAGR of 20.8% through the current period to $40.5 billion, including a 9.7% jump in 2024, where profit reached 18.1% of revenue. The legalization of recreational marijuana sales in several states has fueled revenue growth. The licensing of commercial recreational marijuana retailers has also caused new entrants to flood the legalized market. Medical marijuana dispensaries have also continued to benefit from the steadily aging population and growing acceptance of the medical applications of marijuana. The continued development of edible cannabis products has helped attract consumers who were unfamiliar with marijuana products or averse to smoking. Edible products and vaporizer pens will continue to be a growth segment in the coming years, as they are convenient alternatives to traditional cannabis consumption. Cannabis markets will remain at risk until the federal government definitively changes its position on the legality of marijuana. The Drug Enforcement Agency released a proposal to re-classify cannabis as a Schedule III drug, but hasn't acted on this proposal. Rising demand is also forecast to keep profit high, as is the success of for-profit recreational marijuana businesses in states with large consumer markets like California, Colorado and Washington. Overall, revenue will expand at an estimated CAGR of 15.1% to $81.9 billion through the outlook period, where profit will settle at 18.1% of revenue.

Global Medical Marijuana Market is estimated to reach USD 23.5 billion by 2024, registering a CAGR of 25% during the forecast period 2020-2026. Use of marijuana in treatment of arthritis, effectiveness in treatment for neuropathic pain, growing demand for medical marijuana legalization and production of edible products with cannabis are driving the market growth.
The market size reveals a high growth as there is a booming demand for marijuana for therapeutic applications. Rise in prevalence of dreaded diseases is likely to trigger the market growth in the forecast period.

Medical Marijuana Market Trends, Drivers and Opportunities:

Marijuana more commonly called as medical cannabis is enabling a high industry growth as there have been substantial investments by the pharmaceutical companies in the development of cannabis products and devices. The plant contains around 800 chemicals that can be used for various medicinal purposes. Health conscious consumers with access to these products are now enjoying its benefits. With the legalization of marijuana, physicians are now interestingly employing cannabis for understanding the potency of treatments. For instance, with the legalization of cannabis in the U.S. it has minimized the dependency on opiods and description drugs.
In Europe, cannabis is an illegal drug which mainly attracts a polarized debate between public and politicians. However, with the rising interest, it now addresses some complex issues leading in modifying the stringent policies for medical use of marijuana.
Rise in use of marijuana for therapeutic purpose owing to rise in medical conditions in the geriatric population. In addition, the market witness an increasing potential of marijuana throughout the forecast period. In addition, several countries have legalized the use of marijuana for medical purpose to treat chronic diseases and passed laws that strengthens its purpose.
The market witness trends such as rise in adoption of cannabis for Parkinson’s, Alzheimer’s and Arthritis disease. Moreover, the presence of large pool of patients and legalization of marijuana in developed countries is likely to propel the demand. On contrary, restraints such as limited production and less knowledge of extraction of marijuana for medical applications is likely to confine the market growth throughout the forecast period.

Medical Marijuana Market Segment Insights:

By Application:

Based on application, the medical marijuana market can be segmented into anorexia seizures, muscle spasms and pain management. Muscle spams and pain management are likely to witness a significant market share due to rising prevalence of chronic disorders in geriatric and child population.

Based on Distribution Channel:

Based on distribution channel, the medical marijuana market can be segmented into dispensaries and online. Dispensaries accounted for the largest market share in 2018 accounting for a major revenue share and rise in patient influx.

By Route of Administration:

Based on the route of administration, the market can be segmented into oral, tropical and inhalation. Inhalation category accounted for a significant market share owing to several advantages such as rise in adoption of cannabis and effective regulations pertaining to the use of marijuana for medical purpose.

By Geographical:

Based on geographical segmentation, the market can be segmented into North America, South America, Europe, Asia Pacific, Middle-East and Africa. North America dominated the global market in 2018 and is anticipated to exhibit a higher CAGR due to extensive use of marijuana for medical applications. In the U.S. marijuana is permitted for medical use and applications. Also, increasing research and development for medical purpose supplements the U.S. market growth throughout the forecast period.

Competitive Landscape:

Some of the key players mentioned in the medical marijuana market report are Canopy Growth, Aurora Cannabis Inc., Aphria Inc., GW Pharmaceuticals, Emerald Health Therapeutics, MedReleaf Corporation, Tilray and Medical Marijuana, Inc. The vendors have adopted strategies such as spending on research and development activities, production of novel drugs and strategic collaboration.

According to Cognitive Market Research, the global Cannabis market size will be USD 58614.5 million in 2024. It will expand at the compound annual growth rate (CAGR) of 35.00% from the year 2024 to 2031.

North America held the primary market share for more than 40% of global revenue with a market size of USD 23445.80 million in 2024 and will rise at a compound annual growth rate (CAGR) of 33.2% from the year 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 17584.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 13481.34 million in 2024 and will rise at the compound annual growth rate (CAGR) of 37.0% from the year 2024 to 2031.
Latin America held a market share of more than 5% of global revenue with a market size of USD 2930.73 million in 2024 and will rise at the compound annual growth rate (CAGR) of 34.4% from the year 2024 to 2031.
Middle East and Africa held a market share of around 2% of global revenue and estimated at a market size of USD 1172.29 million in 2024 and will rise at the compound annual growth rate (CAGR) of 34.7% from the year 2024 to 2031.
The concentrates category is the fastest growing segment of the Cannabis industry

Market Dynamics of Cannabis Market

Key Drivers for Cannabis Market

Legalization and regulatory reforms are significantly driving the market

A primary driver of the cannabis market is the increasing wave of legalization and regulatory reforms across various regions. Governments and other organizational bodies are increasingly recognizing the medical and therapeutic benefits of cannabis, along with its potential to generate significant revenue, leading to progressively easing restrictions on cultivation, distribution and consumption.

Rising Demand for Medical Cannabis to Drive Market Growth

The increasing acceptance of cannabis for medical purposes is another major factor driving market growth. Scientific studies and clinical trials have highlighted the therapeutic benefits of cannabis compounds, particularly cannabidiol (CBD) and tetrahydrocannabinol (THC), in managing chronic pain, anxiety, epilepsy, and other conditions. This has led to growing prescriptions for cannabis-based medications in healthcare systems worldwide. The ageing global population and surging prevalence of chronic diseases have further spurred demand for medical cannabis as a natural and effective treatment option.

Restraint Factor for the Cannabis Market

Stringent Regulatory Frameworks and Legal Restrictions Will Limit Market Growth

The cannabis market faces significant restraints due to stringent regulatory frameworks and inconsistent legal statuses across different regions. While some countries and states have legalized medical or recreational cannabis, many others continue to impose strict prohibitions. Even in legalized areas, taxation policies, complex licensing requirements, and compliance costs pose challenges for market participants. These barriers limit market entry for smaller businesses and slow the expansion of cannabis-related products.

Trends in the Cannabis Market

The Expansion of Legalization Fuels Consumer and Investment Growth

The global cannabis market is undergoing significant changes due to the rising legalization of both medical and recreational cannabis in North America, Europe, and certain regions of Latin America. Nations like Canada, Germany, and various U.S. states are witnessing a surge in consumer demand, which is fostering the emergence of new startups, product innovation, and increased investment. This legal shift is also normalizing cannabis use and encouraging the growth of dispensaries, wellness products, and edibles.

The Growing Popularity of CBD-Infused Products in Health and Wellness

Cannabidiol (CBD), the non-psychoactive element of cannabis, is emerging as a significant player in the wellness, cosmetics, and functional food industries. Consumers are increasingly turning to CBD for its alleged health advantages, including stress relief, improved sleep, pain management, and anti-inflammatory effects. Consequently, a diverse array of CBD-infused products—spanning oils, gummies, skincare creams, and pet supplements—are entering the market.

Impact of Covid-19 on the Cannabis Market

The COVID-19 pandemic had a mixed impact on the cannabis market. On the po...

The US Cannabis Market size is expected to be worth around US$ 115.1 Billion by 2034 from US$ 38.4 Billion in 2024.

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Cannabis-Infused Edible Products Market Size 2024-2028

The cannabis-infused edible products market size is forecast to increase by USD 7.01 billion at a CAGR of 20.04% between 2023 and 2028.

The Cannabis-Infused Edibles Market is experiencing significant growth, driven by the increasing social acceptance of cannabis and the advent of advanced cultivation methods. Legalization and regularization of cannabis in various regions, including North America and Europe, are key factors fueling market expansion. The edibles segment is gaining popularity due to its discreet consumption method and long-lasting effects. However, the market is not without challenges, including regulatory complexities, product consistency issues, and safety concerns. To capitalize on this market opportunity, companies must prioritize product innovation, adhere to stringent regulatory requirements, and invest in research and development to ensure product safety and consistency. Additionally, strategic partnerships and collaborations can help companies navigate the complex regulatory landscape and expand their reach in the global market. Overall, the Cannabis-Infused Edibles Market presents significant growth opportunities for companies willing to invest in research, innovation, and regulatory compliance.

What will be the Size of the Cannabis-Infused Edible Products Market during the forecast period?

Request Free SampleThe cannabis-infused edibles market in the healthcare sector is experiencing significant growth, driven by the increasing acceptance of cannabidiol (CBD) and tetrahydrocannabinol (THC) derivatives for medicinal purposes. Chocolate cookies and brownies, lollipops, pizza, and beverages are among the popular edible product categories. Regulatory issues surrounding marijuana legalization and legislative discrepancies pose challenges for companies. Despite these hurdles, the market continues to evolve, with CBD gaining traction due to its health advantages in managing conditions such as cancer, muscular spasms, glaucoma, epilepsy, and post-traumatic stress disorder. Hemp-derived CBD products offer a legal alternative to marijuana-derived THC, addressing concerns within the healthcare system. Smoking remains a common method of cannabis consumption, but edibles provide a more discreet and long-lasting alternative. Recreational cannabis legalization is further fueling market expansion, with THC-infused products catering to both medical and recreational users. Cannabis edibles are not limited to chocolate and baked goods; they also include gummy consistent items and beverages. As research continues to uncover new health benefits, the market is expected to grow, offering opportunities for businesses in the sector. However, shop closures and regulatory changes may impact market dynamics, necessitating adaptability and agility from companies. Overall, the cannabis-infused edibles market presents a promising landscape for businesses, with potential applications in various industries and ongoing research into the health benefits of cannabinoids.

How is this Cannabis-Infused Edible Products Industry segmented?

The cannabis-infused edible products industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. Distribution ChannelOfflineOnlineProductFoodBeverageGeographyNorth AmericaUSCanadaEuropeCroatiaItalyMiddle East and AfricaAPACSouth AmericaRest of World (ROW)

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period.The offline distribution of cannabis-infused edible products is subject to varying regulations across countries and regions. In regions where cannabis is legal for recreational or medicinal use, such as some European countries and Canada, these products can be sold through dispensaries and pharmacies. However, in countries like the US and Australia, where cannabis remains illegal, distribution is restricted to medical dispensaries or pharmacies. Factors fueling the expansion of this market segment include the increasing social acceptance of cannabis, growing awareness of its health benefits, and the ongoing legalization of cannabis in numerous jurisdictions. Cannabis-infused beverages, gummies, chocolates, and other edibles cater to diverse consumer preferences, with offerings ranging from THC-dominant to CBD-rich products. Additionally, product innovation continues to drive the market, with companies introducing new formats like Lollipops, gummies, and even cannabis-infused pizza and cereal. Despite these opportunities, challenges persist, including regulatory issues, legislative discrepancies, and consumer education. Companies like Infused Drinks, Gfarmalabs, and Province Brands are addressing these challenges by fo

According to cognitive market research, the global legal cannabis market size was valued at USD xx billion in 2024 and is expected to reach USD xx billion at a CAGR of xx% during the forecast period.

The legal cannabis market has experienced rapid growth, driven by the increasing legalization of cannabis for both medical and recreational use across various regions globally.
North America accounted for the largest revenue share of over xx% in 2024. Revenue generated is highly territorial owing to laws and policies on the trade of cannabis.
Asia is the fastest-growing regional market and is anticipated to register the fastest growth rate of xx%. This can be due to the increase in the acceptance of cannabis across different countries in the region.
The major players in the European market are extensively pursuing plans to maintain their positions and profit from the expansion of the sector.
The growing recognition of the therapeutic benefits of cannabis in the Middle East and Africa in treating chronic pain, epilepsy, and mental health disorders is propelling demand in the medical cannabis segment.
Major market participants who are essential in determining consumer preferences and market dynamics have a major impact on the legal cannabis market.

Market Dynamic of the Legal Cannabis Market

Key Drivers of the Legal Cannabis Market

The increasing legalization of cannabis will propel the market growth

As more countries and states legalize cannabis for medical and recreational use, the market continues to grow beyond wisdom and comprehension. This shift not only enhances the market’s growth for the industry but also breaks the barrier in terms of consumer acceptance of cannabis products. Moreover, rules and regulations set the policies and procedures that various enterprises must follow to maintain the quality and safety of products. Overall, the process of legalization and regulation still provides a large and important force pushing the cannabis market forward. There has been a growing popular movement in the United States to legalize marijuana for medicinal and recreational uses, with several states adopting such laws already. One motivation for legalization is the economic boon that can come from the regulated commercial availability. For instance, Ecuador has now legalized cannabis production. • For instance, In June 2021, the Cannabis Regulation Act (CRA) created a comprehensive licensing, taxing, and regulatory enforcement structure for the adult use of cannabis in New Mexico, and the US. The act would be administered by the Cannabis Control Division (CCD). According to the Act, adults aged 21 and over can possess up to 16 grams of extract, 2 ounces of flower, 800 mg infused edibles, and six mature plants. (Source:https://www.covasoftware.com/us-dispensary-laws/newmexico )

Ongoing medical research and innovation are influencing the growth of the cannabis market

The ongoing advancement in medical research and product development plays a major role in shaping the cannabis market due to the ever-increasing demand for medical cannabis products. Consumers rely on cannabis as the treatment for various medical conditions due to advancements in scientific knowledge about the therapeutic effects of cannabis. Technological improvements in the growth of plants also in the preparation of the products, as well as the methods of administration increase the effectiveness of medical marijuana and can be used by even a broader range of individuals including medical practitioners. • For instance, In August 2021, Tilary Inc., a global pioneer in the research, production, and distribution, announced the launch of medicinal hemp edibles in varieties of chocolates and soft chewing gums rich in THC and CBD. The new Tilary brand offers a wide range of medicinal cannabis products, including whole flowers, oils, vaporizers, and pre-rolls designed for the health and wellness of the patient. (Source:https://www.nasdaq.com/press-release/tilray-launches-new-medical-cannabis-edibles-in-canada-2021-08-05 )

Restraints of the Legal Cannabis Market

Market saturation and intense competition are emerging as significant restraints for the maket

Cannabis is increasingly legal for medical and recreational use in many states and countries; this has led to increased industry saturation with many firms e...

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Legal Cannabis Market Size 2025-2029

The legal cannabis market size is forecast to increase by USD 142.39 billion at a CAGR of 31.7% between 2024 and 2029.

The market is experiencing significant growth driven by the increasing number of countries decriminalizing and legalizing cannabis use. This global trend is fueled by a growing recognition of the medicinal benefits of cannabis and shifting societal attitudes towards its use. A key trend in the market is the adoption of advanced techniques in cannabis cultivation, including hydroponics and greenhouse growing, which enable higher yields and improved product quality. However, the cannabis market faces challenges, particularly in the area of funding and investment. Despite its growth potential, the industry remains largely underbanked due to federal regulations in many countries, making it difficult for businesses to secure the capital they need to scale operations and meet demand. Companies seeking to capitalize on market opportunities must navigate these challenges effectively, exploring alternative funding sources and building strong business plans to attract investors. Overall, the market presents significant opportunities for growth, particularly in areas such as medical applications, product innovation, and international expansion.

What will be the Size of the Legal Cannabis Market during the forecast period?

Request Free SampleThe cannabis market encompasses a range of products derived from the cannabis plant, including CBD products. CBD, a non-psychoactive compound, is gaining traction in the medical field for its therapeutic potential in treating conditions such as epilepsy seizures and chemotherapy-induced nausea. Marijuana, a plant containing both CBD and THC, is classified as a Schedule I drug in the US, limiting its availability and use. However, the medical cannabis market is expanding, with pharmacists prescribing it for chronic disease treatment and managing chronic pain. The cultivation techniques used to produce these strains can significantly impact their medicinal properties. CBD and THC derivatives are also being explored for their potential in treating multiple sclerosis and other health conditions. The genetic makeup of the cannabis plant continues to be a focus of research, as scientists uncover new medicinal applications for this versatile plant.

How is this Legal Cannabis Industry segmented?

The legal cannabis industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ProductMedical cannabisRecreational cannabisDerivative TypeCBDTHCBalanced THC and CBDSourceHempMarijuanaGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKMiddle East and AfricaAPACAustraliaChinaIndiaJapanSouth AmericaRest of World (ROW)

By Product Insights

The medical cannabis segment is estimated to witness significant growth during the forecast period.The medical cannabis market encompasses the utilization of cannabis and its derivatives for therapeutic applications. This segment holds significance due to the potential therapeutic benefits it offers for various medical conditions and symptoms. Medical cannabis is commonly employed to alleviate chronic pain, reduce inflammation, manage nausea and vomiting, stimulate appetite, and provide relief for symptoms related to diseases such as multiple sclerosis, epilepsy, cancer, and HIV or AIDS. Furthermore, it is being investigated for its potential therapeutic effects on mental health disorders, including anxiety, depression, and PTSD. Medical cannabis is available in different forms, including cannabis flower, extracts, tinctures, and edibles. The legalization of cannabis for medical use has led to the development of eco-friendly packaging solutions and the emergence of online platforms for sales. However, the market faces challenges such as illegitimate trade, social stigma, and regulatory complexities. The therapeutic potential of cannabis is attributed to its cannabinoid content, particularly cannabidiol (CBD) and tetrahydrocannabinol (THC). The medical field continues to explore the medicinal properties of cannabis and its species, Cannabis Sativa and Cannabis Indica, to address the unmet needs of patients. Pharmacists, medical practitioners, and state governments play crucial roles in ensuring the safe and effective use of medical cannabis. Despite the ongoing debates surrounding cannabis, its legitimization for medical use has gained momentum, with an increasing number of adults recognizing its health benefits. The market for medical cannabis products, including CBD, is expected to grow as more research is conducted on its therapeutic potential and its use becomes more mainstream.

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Introduction

New York, NY – January 22, 2025 – The Legal Marijuana Market size is expected to be worth around USD 86.3 Billion by 2033 from USD 19.4 Billion in 2023, growing at a CAGR of 16.1% during the forecast period from 2024 to 2033. In 2023, North America led the market, achieving over 75% share with a revenue of US$ 14.4 Billion.

The legal marijuana market is witnessing remarkable growth, driven by increasing legalization for medical and recreational use globally. As of 2023, over 50 countries have adopted legal frameworks to regulate cannabis, with prominent markets in North America, Europe, and emerging regions such as Asia-Pacific and Latin America. North America remains the largest market, with the United States leading due to widespread state-level legalization and Canada being the first G7 country to legalize cannabis nationwide.

Medical marijuana dominates the sector, fueled by growing recognition of its therapeutic benefits for conditions like chronic pain, epilepsy, and anxiety. Recreational use is also expanding rapidly, supported by shifting societal attitudes and government regulations. Innovations in product formats, including edibles, oils, and vapes, are attracting diverse consumer demographics. Additionally, significant investments in cannabis cultivation technologies and research are enhancing product quality and availability.

Despite regulatory complexities and stigma in certain regions, the global legal marijuana market is projected to grow exponentially. Industry experts anticipate a compound annual growth rate (CAGR) of over 20% from 2023 to 2030. This highlights the market's potential to generate substantial economic benefits, create jobs, and contribute to public health advancements through regulated cannabis use.

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