
Legal Marijuana
Description
Global Legal Marijuana Market to Reach US$140.2 Billion by 2030
The global market for Legal Marijuana estimated at US$41.9 Billion in the year 2024, is expected to reach US$140.2 Billion by 2030, growing at a CAGR of 22.3% over the analysis period 2024-2030. Oil & Tinctures, one of the segments analyzed in the report, is expected to record a 23.4% CAGR and reach US$89.4 Billion by the end of the analysis period. Growth in the Flowers segment is estimated at 20.5% CAGR over the analysis period.
The U.S. Market is Estimated at US$12.3 Billion While China is Forecast to Grow at 21.4% CAGR
The Legal Marijuana market in the U.S. is estimated at US$12.3 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$21.2 Billion by the year 2030 trailing a CAGR of 21.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 19.8% and 18.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 15.0% CAGR.
strong>Global Legal Marijuana Market - Key Trends & Drivers Summarized
Why Is the Legalization of Marijuana Driving Market Growth?
The legal marijuana market is experiencing significant growth as more countries and states move towards the legalization of cannabis for both medical and recreational use. This shift in legal status is opening up new opportunities for businesses, from cultivation and production to distribution and retail. The growing acceptance of marijuana as a legitimate therapeutic option for conditions such as chronic pain, epilepsy, and anxiety is also driving demand, particularly in the medical marijuana segment. Additionally, the expanding use of cannabis in wellness products, such as CBD-infused goods, is further broadening the market. As legalization efforts continue, the market for legal marijuana is expected to expand rapidly, driven by both consumer demand and regulatory changes.
What Are the Technological Advancements Shaping the Legal Marijuana Industry?
Technological advancements are playing a crucial role in shaping the legal marijuana industry. Innovations in cultivation techniques, such as hydroponics and aeroponics, are enabling higher yields and more efficient production processes. Additionally, advancements in extraction technologies are improving the quality and potency of cannabis products, particularly in the development of concentrates and edibles. The use of blockchain technology for tracking and transparency in the supply chain is also gaining traction, ensuring that products are safely and legally produced and distributed. These technological innovations are not only enhancing the quality and availability of marijuana products but are also helping to legitimize the industry as it continues to grow.
How Are Consumer Preferences and Behaviors Influencing the Market?
Consumer preferences and behaviors are significantly influencing the legal marijuana market, particularly as it becomes more mainstream. The demand for diverse product offerings, including edibles, tinctures, topicals, and beverages, is driving companies to innovate and expand their product lines. Additionally, the trend towards health and wellness is fueling the demand for CBD products, which are perceived as having therapeutic benefits without the psychoactive effects of THC. As consumers become more educated about cannabis, they are increasingly seeking out products that are organic, sustainably produced, and lab-tested for quality. This shift in consumer behavior is encouraging companies to focus on product quality, transparency, and branding to differentiate themselves in a rapidly growing market.
What Factors Are Driving the Growth of the Legal Marijuana Market?
The growth in the legal marijuana market is driven by several factors, including the increasing legalization and decriminalization of cannabis, the rising acceptance of marijuana for medical and therapeutic use, and the growing consumer demand for cannabis-based products. The expansion of cannabis retail markets, particularly in North America and Europe, is also a key driver, as more consumers gain legal access to marijuana. Additionally, the influx of investment in cannabis startups and the emergence of cannabis-focused financial products are fueling industry growth. As regulatory frameworks continue to evolve and consumer interest in cannabis products grows, the legal marijuana market is expected to see sustained expansion, driven by both domestic and international demand.
SCOPE OF STUDY:The report analyzes the Legal Marijuana market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Offering (Oil & Tinctures, Flowers); Application (Medical, Adult Use)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Select Competitors (Total 46 Featured) -
- Aphria Inc.
- Aurora Cannabis, Inc.
- Beacon Medical
- Canopy Growth Corporation
- Cronos Group
- OrganiGram Holdings, Inc.
- Tikun Olam Ltd.
- Tilray, Inc.
- Wayland Group Corporation
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TARIFF IMPACT FACTOR
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Table of Contents
- I. METHODOLOGY
- II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Influencer Market Insights
- Tariff Impact on Global Supply Chain Patterns
- Legal Marijuana – Global Key Competitors Percentage Market Share in 2025 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)
- Global Economic Update
- 2. FOCUS ON SELECT PLAYERS
- 3. MARKET TRENDS & DRIVERS
- Increasing Legalization of Marijuana Spurs Growth in the Legal Marijuana Market
- Advancements in Cultivation and Extraction Technologies Propel Adoption in Medical and Recreational Use
- Shift Towards Regulated Cannabis Products Expands Addressable Market
- Rising Focus on Health and Wellness Drives Adoption of Medical Marijuana
- Growing Application of Legal Marijuana in Pain Management and Chronic Conditions Strengthens Market Demand
- Technological Innovations in Cannabis Testing and Quality Control Enhance Market Reach
- Expanding Use of Legal Marijuana in Edibles and Infused Products Generates New Opportunities
- Increasing Adoption of Legal Marijuana in Wellness and Beauty Products Accelerates Market Expansion
- 4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Recent Past, Current & Future Analysis for Oil & Tinctures by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
- TABLE 2: World 6-Year Perspective for Oil & Tinctures by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
- TABLE 3: World Recent Past, Current & Future Analysis for Flowers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
- TABLE 4: World 6-Year Perspective for Flowers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
- TABLE 5: World Recent Past, Current & Future Analysis for Medical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
- TABLE 6: World 6-Year Perspective for Medical by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
- TABLE 7: World Recent Past, Current & Future Analysis for Adult Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
- TABLE 8: World 6-Year Perspective for Adult Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
- TABLE 9: World Legal Marijuana Market Analysis of Annual Sales in US$ Million for Years 2015 through 2030
- TABLE 10: World Recent Past, Current & Future Analysis for Legal Marijuana by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
- TABLE 11: World 6-Year Perspective for Legal Marijuana by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2025 & 2030
- III. MARKET ANALYSIS
- UNITED STATES
- Legal Marijuana Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2025 (E)
- TABLE 12: USA Recent Past, Current & Future Analysis for Legal Marijuana by Application - Medical and Adult Use - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 13: USA 6-Year Perspective for Legal Marijuana by Application - Percentage Breakdown of Value Sales for Medical and Adult Use for the Years 2025 & 2030
- TABLE 14: USA Recent Past, Current & Future Analysis for Legal Marijuana by Offering - Oil & Tinctures and Flowers - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 15: USA 6-Year Perspective for Legal Marijuana by Offering - Percentage Breakdown of Value Sales for Oil & Tinctures and Flowers for the Years 2025 & 2030
- CANADA
- TABLE 16: Canada Recent Past, Current & Future Analysis for Legal Marijuana by Application - Medical and Adult Use - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 17: Canada 6-Year Perspective for Legal Marijuana by Application - Percentage Breakdown of Value Sales for Medical and Adult Use for the Years 2025 & 2030
- TABLE 18: Canada Recent Past, Current & Future Analysis for Legal Marijuana by Offering - Oil & Tinctures and Flowers - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 19: Canada 6-Year Perspective for Legal Marijuana by Offering - Percentage Breakdown of Value Sales for Oil & Tinctures and Flowers for the Years 2025 & 2030
- JAPAN
- Legal Marijuana Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2025 (E)
- TABLE 20: Japan Recent Past, Current & Future Analysis for Legal Marijuana by Application - Medical and Adult Use - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 21: Japan 6-Year Perspective for Legal Marijuana by Application - Percentage Breakdown of Value Sales for Medical and Adult Use for the Years 2025 & 2030
- TABLE 22: Japan Recent Past, Current & Future Analysis for Legal Marijuana by Offering - Oil & Tinctures and Flowers - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 23: Japan 6-Year Perspective for Legal Marijuana by Offering - Percentage Breakdown of Value Sales for Oil & Tinctures and Flowers for the Years 2025 & 2030
- CHINA
- Legal Marijuana Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2025 (E)
- TABLE 24: China Recent Past, Current & Future Analysis for Legal Marijuana by Application - Medical and Adult Use - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 25: China 6-Year Perspective for Legal Marijuana by Application - Percentage Breakdown of Value Sales for Medical and Adult Use for the Years 2025 & 2030
- TABLE 26: China Recent Past, Current & Future Analysis for Legal Marijuana by Offering - Oil & Tinctures and Flowers - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 27: China 6-Year Perspective for Legal Marijuana by Offering - Percentage Breakdown of Value Sales for Oil & Tinctures and Flowers for the Years 2025 & 2030
- EUROPE
- Legal Marijuana Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2025 (E)
- TABLE 28: Europe Recent Past, Current & Future Analysis for Legal Marijuana by Application - Medical and Adult Use - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 29: Europe 6-Year Perspective for Legal Marijuana by Application - Percentage Breakdown of Value Sales for Medical and Adult Use for the Years 2025 & 2030
- TABLE 30: Europe Recent Past, Current & Future Analysis for Legal Marijuana by Offering - Oil & Tinctures and Flowers - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 31: Europe 6-Year Perspective for Legal Marijuana by Offering - Percentage Breakdown of Value Sales for Oil & Tinctures and Flowers for the Years 2025 & 2030
- TABLE 32: Europe Recent Past, Current & Future Analysis for Legal Marijuana by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
- TABLE 33: Europe 6-Year Perspective for Legal Marijuana by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2025 & 2030
- FRANCE
- Legal Marijuana Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2025 (E)
- TABLE 34: France Recent Past, Current & Future Analysis for Legal Marijuana by Application - Medical and Adult Use - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 35: France 6-Year Perspective for Legal Marijuana by Application - Percentage Breakdown of Value Sales for Medical and Adult Use for the Years 2025 & 2030
- TABLE 36: France Recent Past, Current & Future Analysis for Legal Marijuana by Offering - Oil & Tinctures and Flowers - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 37: France 6-Year Perspective for Legal Marijuana by Offering - Percentage Breakdown of Value Sales for Oil & Tinctures and Flowers for the Years 2025 & 2030
- GERMANY
- Legal Marijuana Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2025 (E)
- TABLE 38: Germany Recent Past, Current & Future Analysis for Legal Marijuana by Application - Medical and Adult Use - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 39: Germany 6-Year Perspective for Legal Marijuana by Application - Percentage Breakdown of Value Sales for Medical and Adult Use for the Years 2025 & 2030
- TABLE 40: Germany Recent Past, Current & Future Analysis for Legal Marijuana by Offering - Oil & Tinctures and Flowers - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 41: Germany 6-Year Perspective for Legal Marijuana by Offering - Percentage Breakdown of Value Sales for Oil & Tinctures and Flowers for the Years 2025 & 2030
- ITALY
- TABLE 42: Italy Recent Past, Current & Future Analysis for Legal Marijuana by Application - Medical and Adult Use - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 43: Italy 6-Year Perspective for Legal Marijuana by Application - Percentage Breakdown of Value Sales for Medical and Adult Use for the Years 2025 & 2030
- TABLE 44: Italy Recent Past, Current & Future Analysis for Legal Marijuana by Offering - Oil & Tinctures and Flowers - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 45: Italy 6-Year Perspective for Legal Marijuana by Offering - Percentage Breakdown of Value Sales for Oil & Tinctures and Flowers for the Years 2025 & 2030
- UNITED KINGDOM
- Legal Marijuana Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2025 (E)
- TABLE 46: UK Recent Past, Current & Future Analysis for Legal Marijuana by Application - Medical and Adult Use - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 47: UK 6-Year Perspective for Legal Marijuana by Application - Percentage Breakdown of Value Sales for Medical and Adult Use for the Years 2025 & 2030
- TABLE 48: UK Recent Past, Current & Future Analysis for Legal Marijuana by Offering - Oil & Tinctures and Flowers - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 49: UK 6-Year Perspective for Legal Marijuana by Offering - Percentage Breakdown of Value Sales for Oil & Tinctures and Flowers for the Years 2025 & 2030
- REST OF EUROPE
- TABLE 50: Rest of Europe Recent Past, Current & Future Analysis for Legal Marijuana by Application - Medical and Adult Use - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 51: Rest of Europe 6-Year Perspective for Legal Marijuana by Application - Percentage Breakdown of Value Sales for Medical and Adult Use for the Years 2025 & 2030
- TABLE 52: Rest of Europe Recent Past, Current & Future Analysis for Legal Marijuana by Offering - Oil & Tinctures and Flowers - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 53: Rest of Europe 6-Year Perspective for Legal Marijuana by Offering - Percentage Breakdown of Value Sales for Oil & Tinctures and Flowers for the Years 2025 & 2030
- ASIA-PACIFIC
- Legal Marijuana Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2025 (E)
- TABLE 54: Asia-Pacific Recent Past, Current & Future Analysis for Legal Marijuana by Application - Medical and Adult Use - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 55: Asia-Pacific 6-Year Perspective for Legal Marijuana by Application - Percentage Breakdown of Value Sales for Medical and Adult Use for the Years 2025 & 2030
- TABLE 56: Asia-Pacific Recent Past, Current & Future Analysis for Legal Marijuana by Offering - Oil & Tinctures and Flowers - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 57: Asia-Pacific 6-Year Perspective for Legal Marijuana by Offering - Percentage Breakdown of Value Sales for Oil & Tinctures and Flowers for the Years 2025 & 2030
- REST OF WORLD
- TABLE 58: Rest of World Recent Past, Current & Future Analysis for Legal Marijuana by Application - Medical and Adult Use - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 59: Rest of World 6-Year Perspective for Legal Marijuana by Application - Percentage Breakdown of Value Sales for Medical and Adult Use for the Years 2025 & 2030
- TABLE 60: Rest of World Recent Past, Current & Future Analysis for Legal Marijuana by Offering - Oil & Tinctures and Flowers - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 61: Rest of World 6-Year Perspective for Legal Marijuana by Offering - Percentage Breakdown of Value Sales for Oil & Tinctures and Flowers for the Years 2025 & 2030
- IV. COMPETITION
Pricing
Currency Rates