Global Legal Marijuana
Market Report
2025
As per Cognitive Market Research's latest published report, the Global Legal Marijuana market size was USD 18.5 billion in 2022 and it is forecasted to reach USD 60.1 billion by 2030. Legal Marijuana Industry's Compound Annual Growth Rate will be 15.9% from 2023 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Legal Marijuana market size was USD 18.5 billion in 2022 and it is forecasted to reach USD 60.1 billion by 2030. Legal Marijuana Industry's Compound Annual Growth Rate will be 15.9% from 2023 to 2030.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Legal Marijuana Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 15.9% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Product Type |
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Market Split by Application |
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Market Split by Species |
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Market Split by Strain |
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Market Split by Purchase Channel |
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Market Split by End-User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of Legal Marijuana industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Legal Marijuana Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Marijuana is a plant piece, which is a dried green, brown, and grey mixture. Marijuana is commonly used as a recreational drug for different types of illnesses. In addition, these are legal for recreational and medical use, and cultivation, possession, and distribution in many countries.
Increasing social acceptance of marijuana and the emergence of medicinal marijuana as an alternative to conventional medicine are major factors expected to grow the legal marijuana market. Furthermore, increasing investments in R&D activities will create growth opportunities for the legal marijuana market in the forecast period. However, increasing the use of marijuana for recreational purposes and its harmful effect on people's health is a key factor expected to restrict the growth of the legal marijuana market.
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Aurora Cannabis Acquired Controlling Interest in Bevo Farms (August 2022)
One of North America's major suppliers of decorative plants and propagated vegetables with a track record of profitability, Bevo, was acquired by Aurora for a controlling stake. The current management team will continue to lead Bevo, and the company's aggressive growth strategy calls for using Aurora Sky for the propagation of vegetables as well as decorative plants.
Top Companies Market Share in Legal Marijuana Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
North America has the largest revenue share in the legal marijuana market. This is attributed to the government legalizing marijuana for medical and adult use or recreational use and increasing the production of marijuana in the region.
The current report Scope analyzes Legal Marijuana Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Legal Marijuana Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Legal Marijuana Industry growth. Legal Marijuana market has been segmented with the help of its Product Type, Application Species, and others. Legal Marijuana market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on product type, the market is segmented into Buds or Marijuana Flower, and Cannabis Extracts. Cannabis Extracts are further classified into oil, tinctures, and others. Buds or marijuana flowers are the dominating segments, due to the presence of a large number of tobacco smokers. On the other side, extracts obtained from marijuana are projected to witness rapid growth during the forecast period.
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On the basis of applications, the legal marijuana market is segregated into chronic pain, cancer, recreational, medical mental disorders, cosmetics & others. The recreational market makes up the largest portion of the legal marijuana business among these. This is mostly attributable to rising global spending on R&D on marijuana's medical applications and rising demand for marijuana to treat pain associated with a variety of medical diseases, including cancer, seizures, and others.
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Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Legal Marijuana Market is witnessing significant growth in the near future.
In 2023, the Buds or Marijuana Flower segment accounted for noticeable share of global Legal Marijuana Market and is projected to experience significant growth in the near future.
The Chronic Pain segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Medicine Man, Aphria and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product Type | Buds or Marijuana Flower, Cannabis Extracts |
Application | Chronic Pain, Cancer, Recreational, Medical, Mental Disorders, Cosmetics & Others, Others |
Species | Cannabis Indica, Cannabis Hybrid, Cannabis Sativa |
Strain | THC-dominant, Balanced THC and CBD, CBD-dominant |
Purchase Channel | Offline, Online |
End-User | Pharmaceutical, Personal Care Products, Food, &Tobacco, Research and Development Centres |
List of Competitors | Medicine Man, Canopy Growth, Aphria, Aurora Cannabis Inc., mCig Inc |
This chapter will help you gain GLOBAL Market Analysis of Legal Marijuana. Further deep in this chapter, you will be able to review Global Legal Marijuana Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Legal Marijuana. Further deep in this chapter, you will be able to review North America Legal Marijuana Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Legal Marijuana. Further deep in this chapter, you will be able to review Europe Legal Marijuana Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Legal Marijuana. Further deep in this chapter, you will be able to review Asia Pacific Legal Marijuana Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Legal Marijuana. Further deep in this chapter, you will be able to review South America Legal Marijuana Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Legal Marijuana. Further deep in this chapter, you will be able to review Middle East Legal Marijuana Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Legal Marijuana. Further deep in this chapter, you will be able to review Middle East Legal Marijuana Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Legal Marijuana. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
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Chapter 12 Market Split by Species Analysis 2021 - 2033
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Chapter 13 Market Split by Strain Analysis 2021 - 2033
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Chapter 14 Market Split by Purchase Channel Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 15 Market Split by End-User Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Legal Marijuana market
Chapter 16 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 17 Research Methodology and Sources
Why Buds or Marijuana Flower have a significant impact on Legal Marijuana market? |
What are the key factors affecting the Buds or Marijuana Flower and Cannabis Extracts of Legal Marijuana Market? |
What is the CAGR/Growth Rate of Chronic Pain during the forecast period? |
By type, which segment accounted for largest share of the global Legal Marijuana Market? |
Which region is expected to dominate the global Legal Marijuana Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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