
Legal Cannabis Global Market Insights 2025, Analysis and Forecast to 2030, by Market Participants, Regions, Technology, Application, Product Type
Description
Legal Cannabis Global Market Insights 2025, Analysis and Forecast to 2030, by Market Participants, Regions, Technology, Application, Product Type
Legal Cannabis Market Overview
The legal cannabis market is witnessing rapid growth driven by the increasing legalization of cannabis in various regions,expanding awareness of its medical benefits,and the growing demand for recreational cannabis. The market is also benefiting from the development of industrial hemp applications and rising consumer interest in CBD-based products. As governments continue to relax regulations and introduce new policies favoring cannabis use,the industry is expected to experience significant expansion over the next few years. The growth is supported by evolving consumer preferences,innovations in product formulations,and increasing medical research into cannabis' therapeutic uses.
Market Size
The legal cannabis market is projected to grow at a compound annual growth rate (CAGR) of 15% to 20% during the forecast period. This expansion is attributed to the increasing adoption of cannabis for medical and recreational purposes,alongside the continued decriminalization and legalization across multiple regions globally. Additionally,the expanding use of hemp in industrial applications is contributing to the market's growth. Legal cannabis is becoming increasingly integrated into both healthcare and lifestyle products,accelerating demand across various market segments.
Market Share & Trends Analysis
By Application
The legal cannabis market is segmented by application into medical use,recreational use,and industrial use:
- Medical Use: The medical cannabis segment is expected to dominate the market,driven by growing recognition of cannabis' therapeutic benefits,such as pain relief,anti-inflammatory properties,and mental health management. This segment is forecast to grow at a CAGR of 18% to 22% as more patients turn to cannabis-based treatments and as regulatory environments continue to evolve.
- Recreational Use: The recreational cannabis segment is also experiencing strong growth,particularly in regions where cannabis has been legalized for recreational purposes. This segment is anticipated to grow at a CAGR of 14% to 18% due to increasing consumer acceptance and the rise in demand for cannabis-based lifestyle products such as edibles,beverages,and vapes.
- Industrial Use: The industrial use of cannabis,particularly hemp,is gaining traction in sectors like textiles,construction materials,and biofuels. The industrial cannabis market is expected to grow at a CAGR of 10% to 12% due to the expanding use of hemp-based materials and growing interest in sustainable products.
By Product Type
The legal cannabis market is also segmented by product type into marijuana and hemp:
- Marijuana: Marijuana remains the dominant product in the legal cannabis market,driven by both medical and recreational demand. This segment is projected to grow at a CAGR of 16% to 20% as more regions legalize marijuana and expand access to cannabis-based treatments and recreational use.
- Hemp: Hemp is increasingly being used in industrial applications,such as textiles,building materials,and bio-based products. The hemp market is expected to grow at a CAGR of 12% to 15%,with strong demand driven by sustainable initiatives and increased research into hemp's versatility in various industries.
By Key Market Players
The legal cannabis market is highly competitive,with numerous well-established and emerging companies. Key players include:
- Aurora Cannabis: One of the largest cannabis producers globally,offering a wide range of products for medical and recreational use.
- Canopy Growth Corporation: A leader in the cannabis industry,with a strong portfolio of marijuana and hemp products catering to both medical and recreational markets.
- Tilray: Known for its cannabis-based medical products,Tilray has expanded its portfolio into the recreational market,along with various CBD-based offerings.
- Green Thumb Industries: A prominent player in the cannabis industry,focusing on medical and recreational marijuana production and retail distribution.
- GW Pharmaceuticals (Jazz Pharmaceutical): Specializes in developing cannabis-based medicines for various therapeutic uses,particularly in epilepsy treatment.
- Sundial Growers: A major cannabis producer focused on recreational cannabis,with an expanding product portfolio targeting lifestyle consumers.
- The Cronos Group: A well-established player with a diverse portfolio of cannabis products,including marijuana,CBD,and hemp-based solutions.
- VIVO Cannabis: Known for its high-quality cannabis products,VIVO is targeting the medical cannabis segment while expanding into the recreational market.
By Region
The legal cannabis market is expected to experience varying growth rates across different regions:
- North America: North America is expected to hold the largest market share,particularly due to the U.S. and Canada's legalization of both medical and recreational cannabis. This region is projected to grow at a CAGR of 16% to 20%.
- Europe: The European market is poised for steady growth,with countries like Germany,the U.K.,and Spain advancing cannabis legislation. The market in Europe is expected to grow at a CAGR of 12% to 15% as more countries legalize medical cannabis.
- Asia-Pacific: The Asia-Pacific region is likely to witness moderate growth in the legal cannabis market,driven by emerging legal frameworks and increasing medical cannabis research. The region is expected to grow at a CAGR of 8% to 12%.
- Latin America: Latin American countries like Mexico and Colombia are expected to expand their cannabis markets,particularly in medical cannabis. The region is anticipated to grow at a CAGR of 10% to 14%.
- Middle East & Africa: The cannabis market in the Middle East & Africa is expected to experience gradual growth due to evolving regulatory environments,with a CAGR of 6% to 8%.
Forecast (2025-2030)
Growth in Key Segments
- Medical Use: This segment is expected to maintain dominance and experience the highest growth rate at a CAGR of 18% to 22% as more patients turn to cannabis for chronic conditions and alternative treatments.
- North America: North America is expected to lead the global market,with strong growth in both medical and recreational cannabis,projected to grow at a CAGR of 16% to 20% through 2030.
Table of Contents
- Chapter 1 Executive Summary
- Chapter 2 Abbreviation and Acronyms
- Chapter 3 Preface
- 3.1 Research Scope
- 3.2 Research Sources
- 3.2.1 Data Sources
- 3.2.2 Assumptions
- 3.3 Research Method
- Chapter Four Market Landscape
- 4.1 Market Overview
- 4.2 Classification/Types
- 4.3 Application/End Users
- Chapter 5 Market Trend Analysis
- 5.1 Introduction
- 5.2 Drivers
- 5.3 Restraints
- 5.4 Opportunities
- 5.5 Threats
- Chapter 6 Industry Chain Analysis
- 6.1 Upstream/Suppliers Analysis
- 6.2 Legal Cannabis Analysis
- 6.2.1 Technology Analysis
- 6.2.2 Cost Analysis
- 6.2.3 Market Channel Analysis
- 6.3 Downstream Buyers/End Users
- Chapter 7 Latest Market Dynamics
- 7.1 Latest News
- 7.2 Merger and Acquisition
- 7.3 Planned/Future Project
- 7.4 Policy Dynamics
- Chapter 8 Historical and Forecast Legal Cannabis Market in North America (2020-2030)
- 8.1 Legal Cannabis Market Size
- 8.2 Legal Cannabis Market by End Use
- 8.3 Competition by Players/Suppliers
- 8.4 Legal Cannabis Market Size by Type
- 8.5 Key Countries Analysis
- 8.5.1 United States
- 8.5.2 Canada
- 8.5.3 Mexico
- Chapter 9 Historical and Forecast Legal Cannabis Market in South America (2020-2030)
- 9.1 Legal Cannabis Market Size
- 9.2 Legal Cannabis Market by End Use
- 9.3 Competition by Players/Suppliers
- 9.4 Legal Cannabis Market Size by Type
- 9.5 Key Countries Analysis
- 9.5.1 Brazil
- 9.5.2 Argentina
- 9.5.3 Chile
- 9.5.4 Peru
- Chapter 10 Historical and Forecast Legal Cannabis Market in Asia & Pacific (2020-2030)
- 10.1 Legal Cannabis Market Size
- 10.2 Legal Cannabis Market by End Use
- 10.3 Competition by Players/Suppliers
- 10.4 Legal Cannabis Market Size by Type
- 10.5 Key Countries Analysis
- 10.5.1 China
- 10.5.2 India
- 10.5.3 Japan
- 10.5.4 South Korea
- 10.5.5 Southest Asia
- 10.5.6 Australia
- Chapter 11 Historical and Forecast Legal Cannabis Market in Europe (2020-2030)
- 11.1 Legal Cannabis Market Size
- 11.2 Legal Cannabis Market by End Use
- 11.3 Competition by Players/Suppliers
- 11.4 Legal Cannabis Market Size by Type
- 11.5 Key Countries Analysis
- 11.5.1 Germany
- 11.5.2 France
- 11.5.3 United Kingdom
- 11.5.4 Italy
- 11.5.5 Spain
- 11.5.6 Belgium
- 11.5.7 Netherlands
- 11.5.8 Austria
- 11.5.9 Poland
- 11.5.10 Russia
- Chapter 12 Historical and Forecast Legal Cannabis Market in MEA (2020-2030)
- 12.1 Legal Cannabis Market Size
- 12.2 Legal Cannabis Market by End Use
- 12.3 Competition by Players/Suppliers
- 12.4 Legal Cannabis Market Size by Type
- 12.5 Key Countries Analysis
- 12.5.1 Egypt
- 12.5.2 Israel
- 12.5.3 South Africa
- 12.5.4 Gulf Cooperation Council Countries
- 12.5.5 Turkey
- Chapter 13 Summary For Global Legal Cannabis Market (2020-2025)
- 13.1 Legal Cannabis Market Size
- 13.2 Legal Cannabis Market by End Use
- 13.3 Competition by Players/Suppliers
- 13.4 Legal Cannabis Market Size by Type
- Chapter 14 Global Legal Cannabis Market Forecast (2025-2030)
- 14.1 Legal Cannabis Market Size Forecast
- 14.2 Legal Cannabis Application Forecast
- 14.3 Competition by Players/Suppliers
- 14.4 Legal Cannabis Type Forecast
- Chapter 15 Analysis of Global Key Vendors
- 15.1 Aurora Cannabis
- 15.1.1 Company Profile
- 15.1.2 Main Business and Legal Cannabis Information
- 15.1.3 SWOT Analysis of Aurora Cannabis
- 15.1.4 Aurora Cannabis Legal Cannabis Revenue, Gross Margin and Market Share (2020-2025)
- 15.2 Bhang Corporation
- 15.2.1 Company Profile
- 15.2.2 Main Business and Legal Cannabis Information
- 15.2.3 SWOT Analysis of Bhang Corporation
- 15.2.4 Bhang Corporation Legal Cannabis Revenue, Gross Margin and Market Share (2020-2025)
- 15.3 Canopy Growth Corporation
- 15.3.1 Company Profile
- 15.3.2 Main Business and Legal Cannabis Information
- 15.3.3 SWOT Analysis of Canopy Growth Corporation
- 15.3.4 Canopy Growth Corporation Legal Cannabis Revenue, Gross Margin and Market Share (2020-2025)
- 15.4 Medical Marijuana
- 15.4.1 Company Profile
- 15.4.2 Main Business and Legal Cannabis Information
- 15.4.3 SWOT Analysis of Medical Marijuana
- 15.4.4 Medical Marijuana Legal Cannabis Revenue, Gross Margin and Market Share (2020-2025)
- 15.5 Mentor Capital
- 15.5.1 Company Profile
- 15.5.2 Main Business and Legal Cannabis Information
- 15.5.3 SWOT Analysis of Mentor Capital
- 15.5.4 Mentor Capital Legal Cannabis Revenue, Gross Margin and Market Share (2020-2025)
- 15.6 Cannoid
- 15.6.1 Company Profile
- 15.6.2 Main Business and Legal Cannabis Information
- 15.6.3 SWOT Analysis of Cannoid
- 15.6.4 Cannoid Legal Cannabis Revenue, Gross Margin and Market Share (2020-2025)
- 15.7 CBD American Shaman
- 15.7.1 Company Profile
- 15.7.2 Main Business and Legal Cannabis Information
- 15.7.3 SWOT Analysis of CBD American Shaman
- 15.7.4 CBD American Shaman Legal Cannabis Revenue, Gross Margin and Market Share (2020-2025)
- 15.8 CV Sciences
- 15.8.1 Company Profile
- 15.8.2 Main Business and Legal Cannabis Information
- 15.8.3 SWOT Analysis of CV Sciences
- 15.8.4 CV Sciences Legal Cannabis Revenue, Gross Margin and Market Share (2020-2025)
- 15.9 Elixinol
- 15.9.1 Company Profile
- 15.9.2 Main Business and Legal Cannabis Information
- 15.9.3 SWOT Analysis of Elixinol
- 15.9.4 Elixinol Legal Cannabis Revenue, Gross Margin and Market Share (2020-2025)
- 15.10 Folium Biosciences
- 15.10.1 Company Profile
- 15.10.2 Main Business and Legal Cannabis Information
- 15.10.3 SWOT Analysis of Folium Biosciences
- 15.10.4 Folium Biosciences Legal Cannabis Revenue, Gross Margin and Market Share (2020-2025)
- 15.11 IRIE CBD
- 15.11.1 Company Profile
- 15.11.2 Main Business and Legal Cannabis Information
- 15.11.3 SWOT Analysis of IRIE CBD
- 15.11.4 IRIE CBD Legal Cannabis Revenue, Gross Margin and Market Share (2020-2025)
- 15.12 Meadow Care
- 15.12.1 Company Profile
- 15.12.2 Main Business and Legal Cannabis Information
- 15.12.3 SWOT Analysis of Meadow Care
- 15.12.4 Meadow Care Legal Cannabis Revenue, Gross Margin and Market Share (2020-2025)
- 15.13 mCig
- 15.13.1 Company Profile
- 15.13.2 Main Business and Legal Cannabis Information
- 15.13.3 SWOT Analysis of mCig
- 15.13.4 mCig Legal Cannabis Revenue, Gross Margin and Market Share (2020-2025)
- 15.14 NuLeaf Naturals
- 15.14.1 Company Profile
- 15.14.2 Main Business and Legal Cannabis Information
- 15.14.3 SWOT Analysis of NuLeaf Naturals
- 15.14.4 NuLeaf Naturals Legal Cannabis Revenue, Gross Margin and Market Share (2020-2025)
- 15.15 Pharmahemp
- 15.15.1 Company Profile
- 15.15.2 Main Business and Legal Cannabis Information
- 15.15.3 SWOT Analysis of Pharmahemp
- 15.15.4 Pharmahemp Legal Cannabis Revenue, Gross Margin and Market Share (2020-2025)
- 15.16 Terra Tech
- 15.16.1 Company Profile
- 15.16.2 Main Business and Legal Cannabis Information
- 15.16.3 SWOT Analysis of Terra Tech
- 15.16.4 Terra Tech Legal Cannabis Revenue, Gross Margin and Market Share (2020-2025)
- 15.17 United Cannabis
- 15.17.1 Company Profile
- 15.17.2 Main Business and Legal Cannabis Information
- 15.17.3 SWOT Analysis of United Cannabis
- 15.17.4 United Cannabis Legal Cannabis Revenue, Gross Margin and Market Share (2020-2025)
- 15.18 Cannabis Sativa
- 15.18.1 Company Profile
- 15.18.2 Main Business and Legal Cannabis Information
- 15.18.3 SWOT Analysis of Cannabis Sativa
- 15.18.4 Cannabis Sativa Legal Cannabis Revenue, Gross Margin and Market Share (2020-2025)
- Please ask for sample pages for full companies list
- Tables and Figures
- Table Abbreviation and Acronyms
- Table Research Scope of Legal Cannabis Report
- Table Data Sources of Legal Cannabis Report
- Table Major Assumptions of Legal Cannabis Report
- Figure Market Size Estimated Method
- Figure Major Forecasting Factors
- Figure Legal Cannabis Picture
- Table Legal Cannabis Classification
- Table Legal Cannabis Applications
- Table Drivers of Legal Cannabis Market
- Table Restraints of Legal Cannabis Market
- Table Opportunities of Legal Cannabis Market
- Table Threats of Legal Cannabis Market
- Table Covid-19 Impact For Legal Cannabis Market
- Table Raw Materials Suppliers
- Table Different Production Methods of Legal Cannabis
- Table Cost Structure Analysis of Legal Cannabis
- Table Key End Users
- Table Latest News of Legal Cannabis Market
- Table Merger and Acquisition
- Table Planned/Future Project of Legal Cannabis Market
- Table Policy of Legal Cannabis Market
- Table 2020-2030 North America Legal Cannabis Market Size
- Figure 2020-2030 North America Legal Cannabis Market Size and CAGR
- Table 2020-2030 North America Legal Cannabis Market Size by Application
- Table 2020-2025 North America Legal Cannabis Key Players Revenue
- Table 2020-2025 North America Legal Cannabis Key Players Market Share
- Table 2020-2030 North America Legal Cannabis Market Size by Type
- Table 2020-2030 United States Legal Cannabis Market Size
- Table 2020-2030 Canada Legal Cannabis Market Size
- Table 2020-2030 Mexico Legal Cannabis Market Size
- Table 2020-2030 South America Legal Cannabis Market Size
- Figure 2020-2030 South America Legal Cannabis Market Size and CAGR
- Table 2020-2030 South America Legal Cannabis Market Size by Application
- Table 2020-2025 South America Legal Cannabis Key Players Revenue
- Table 2020-2025 South America Legal Cannabis Key Players Market Share
- Table 2020-2030 South America Legal Cannabis Market Size by Type
- Table 2020-2030 Brazil Legal Cannabis Market Size
- Table 2020-2030 Argentina Legal Cannabis Market Size
- Table 2020-2030 Chile Legal Cannabis Market Size
- Table 2020-2030 Peru Legal Cannabis Market Size
- Table 2020-2030 Asia & Pacific Legal Cannabis Market Size
- Figure 2020-2030 Asia & Pacific Legal Cannabis Market Size and CAGR
- Table 2020-2030 Asia & Pacific Legal Cannabis Market Size by Application
- Table 2020-2025 Asia & Pacific Legal Cannabis Key Players Revenue
- Table 2020-2025 Asia & Pacific Legal Cannabis Key Players Market Share
- Table 2020-2030 Asia & Pacific Legal Cannabis Market Size by Type
- Table 2020-2030 China Legal Cannabis Market Size
- Table 2020-2030 India Legal Cannabis Market Size
- Table 2020-2030 Japan Legal Cannabis Market Size
- Table 2020-2030 South Korea Legal Cannabis Market Size
- Table 2020-2030 Southeast Asia Legal Cannabis Market Size
- Table 2020-2030 Australia Legal Cannabis Market Size
- Table 2020-2030 Europe Legal Cannabis Market Size
- Figure 2020-2030 Europe Legal Cannabis Market Size and CAGR
- Table 2020-2030 Europe Legal Cannabis Market Size by Application
- Table 2020-2025 Europe Legal Cannabis Key Players Revenue
- Table 2020-2025 Europe Legal Cannabis Key Players Market Share
- Table 2020-2030 Europe Legal Cannabis Market Size by Type
- Table 2020-2030 Germany Legal Cannabis Market Size
- Table 2020-2030 France Legal Cannabis Market Size
- Table 2020-2030 United Kingdom Legal Cannabis Market Size
- Table 2020-2030 Italy Legal Cannabis Market Size
- Table 2020-2030 Spain Legal Cannabis Market Size
- Table 2020-2030 Belgium Legal Cannabis Market Size
- Table 2020-2030 Netherlands Legal Cannabis Market Size
- Table 2020-2030 Austria Legal Cannabis Market Size
- Table 2020-2030 Poland Legal Cannabis Market Size
- Table 2020-2030 Russia Legal Cannabis Market Size
- Table 2020-2030 MEA Legal Cannabis Market Size
- Figure 2020-2030 MEA Legal Cannabis Market Size and CAGR
- Table 2020-2030 MEA Legal Cannabis Market Size by Application
- Table 2020-2025 MEA Legal Cannabis Key Players Revenue
- Table 2020-2025 MEA Legal Cannabis Key Players Market Share
- Table 2020-2030 MEA Legal Cannabis Market Size by Type
- Table 2020-2030 Egypt Legal Cannabis Market Size
- Table 2020-2030 Israel Legal Cannabis Market Size
- Table 2020-2030 South Africa Legal Cannabis Market Size
- Table 2020-2030 Gulf Cooperation Council Countries Legal Cannabis Market Size
- Table 2020-2030 Turkey Legal Cannabis Market Size
- Table 2020-2025 Global Legal Cannabis Market Size by Region
- Table 2020-2025 Global Legal Cannabis Market Size Share by Region
- Table 2020-2025 Global Legal Cannabis Market Size by Application
- Table 2020-2025 Global Legal Cannabis Market Share by Application
- Table 2020-2025 Global Legal Cannabis Key Vendors Revenue
- Figure 2020-2025 Global Legal Cannabis Market Size and Growth Rate
- Table 2020-2025 Global Legal Cannabis Key Vendors Market Share
- Table 2020-2025 Global Legal Cannabis Market Size by Type
- Table 2020-2025 Global Legal Cannabis Market Share by Type
- Table 2025-2030 Global Legal Cannabis Market Size by Region
- Table 2025-2030 Global Legal Cannabis Market Size Share by Region
- Table 2025-2030 Global Legal Cannabis Market Size by Application
- Table 2025-2030 Global Legal Cannabis Market Share by Application
- Table 2025-2030 Global Legal Cannabis Key Vendors Revenue
- Figure 2025-2030 Global Legal Cannabis Market Size and Growth Rate
- Table 2025-2030 Global Legal Cannabis Key Vendors Market Share
- Table 2025-2030 Global Legal Cannabis Market Size by Type
- Table 2025-2030 Legal Cannabis Global Market Share by Type
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