Legal Marijuana Market Size, Share, and Trends 2024 to 2034

The global legal marijuana market size is calculated at USD 42.02 billion in 2025 and is forecasted to reach around USD 251.51 billion by 2034, accelerating at a CAGR of 22.16% from 2025 to 2034. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : August 2024
  • Report Code : 1168
  • Category : Healthcare

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

7.1. Legal Marijuana Market, by Product Type,
7.1.1. Oils
7.1.1.1. Market Revenue and Forecast
7.1.2. Buds
7.1.2.1. Market Revenue and Forecast
7.1.3. Tinctures
7.1.3.1. Market Revenue and Forecast

8.1. Legal Marijuana Market, by Application,
8.1.1. Mental Disorders
8.1.1.1. Market Revenue and Forecast
8.1.2. Chronic Pain
8.1.2.1. Market Revenue and Forecast
8.1.3. Cancer
8.1.3.1. Market Revenue and Forecast
8.1.4. Others
8.1.4.1. Market Revenue and Forecast

9.1. Legal Marijuana Market, by Marijuana,
9.1.1. Medical
9.1.1.1. Market Revenue and Forecast
9.1.2. Adult Use
9.1.2.1. Market Revenue and Forecast

10.1. North America
10.1.1. Market Revenue and Forecast, by Product
10.1.2. Market Revenue and Forecast, by Application
10.1.3. Market Revenue and Forecast, by Marijuana
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Product
10.1.4.2. Market Revenue and Forecast, by Application
10.1.4.3. Market Revenue and Forecast, by Marijuana
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Product
10.1.5.2. Market Revenue and Forecast, by Application
10.1.5.3. Market Revenue and Forecast, by Marijuana
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product
10.2.2. Market Revenue and Forecast, by Application
10.2.3. Market Revenue and Forecast, by Marijuana
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Product
10.2.4.2. Market Revenue and Forecast, by Application
10.2.4.3. Market Revenue and Forecast, by Marijuana
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Product
10.2.5.2. Market Revenue and Forecast, by Application
10.2.5.3. Market Revenue and Forecast, by Marijuana
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Product
10.2.6.2. Market Revenue and Forecast, by Application
10.2.6.3. Market Revenue and Forecast, by Marijuana
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Product
10.2.7.2. Market Revenue and Forecast, by Application
10.2.7.3. Market Revenue and Forecast, by Marijuana
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product
10.3.2. Market Revenue and Forecast, by Application
10.3.3. Market Revenue and Forecast, by Marijuana
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Product
10.3.4.2. Market Revenue and Forecast, by Application
10.3.4.3. Market Revenue and Forecast, by Marijuana
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Product
10.3.5.2. Market Revenue and Forecast, by Application
10.3.5.3. Market Revenue and Forecast, by Marijuana
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Product
10.3.6.2. Market Revenue and Forecast, by Application
10.3.6.3. Market Revenue and Forecast, by Marijuana
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Product
10.3.7.2. Market Revenue and Forecast, by Application
10.3.7.3. Market Revenue and Forecast, by Marijuana
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product
10.4.2. Market Revenue and Forecast, by Application
10.4.3. Market Revenue and Forecast, by Marijuana
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Product
10.4.4.2. Market Revenue and Forecast, by Application
10.4.4.3. Market Revenue and Forecast, by Marijuana
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Product
10.4.5.2. Market Revenue and Forecast, by Application
10.4.5.3. Market Revenue and Forecast, by Marijuana
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Product
10.4.6.2. Market Revenue and Forecast, by Application
10.4.6.3. Market Revenue and Forecast, by Marijuana
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Product
10.4.7.2. Market Revenue and Forecast, by Application
10.4.7.3. Market Revenue and Forecast, by Marijuana
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product
10.5.2. Market Revenue and Forecast, by Application
10.5.3. Market Revenue and Forecast, by Marijuana
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Product
10.5.4.2. Market Revenue and Forecast, by Application
10.5.4.3. Market Revenue and Forecast, by Marijuana
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Product
10.5.5.2. Market Revenue and Forecast, by Application
10.5.5.3. Market Revenue and Forecast, by Marijuana

Chapter 11. Company Profiles

11.1. Aurora Cannabis
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. GW Pharmaceuticals, plc.
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Organigram Holding, Inc.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Canopy Growth Corporation
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Maricann Group, Inc.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Aphria, Inc.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Maricann Group, Inc.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. The Cronos Group
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Tilray
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. ABcannMedicinals, Inc.
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
11.11. Lexaria Corp.
11.11.1. Company Overview
11.11.2. Product Offerings
11.11.3. Financial Performance
11.11.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

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Frequently Asked Questions

The global legal marijuana market was valued at USD 33.97 billion in 2024 and predicted to reach market value around USD 251.51 billion by 2034.

The global legal marijuana market is expanding at a compound annual growth rate (CAGR) of around 22.16% during period 2024 to 2034.

North America grasp substantial revenue stake share in 2024 on account of growing popularity and adoption in growth in the U.S. and Canadian markets

Depending on type, the medical segment seized the foremost revenue stake of more than 69% in 2024, due to the rising acceptance of cannabis as a pharmaceutical product for treatment of severe medical situations.

The chronic pain segment conquered the global legal marijuana market due to the occurrence of a huge patient pool.

Marijuana is becoming legal in cumulative number of states for both recreational and medical and application. Substantial disagreement present concerning the public health influence of these fluctuations.Rising number of research studies to discover innovative therapeutic uses will accelerate the medical marijuana market advancement in North America. However, non-uniformity and irregularities of cannabis testing standards will hinder market growth. Besides, deficiency of consciousness among the emergent nations plus lack of sufficient safety data will further restrict the growth of medical marijuana market.Though the market for cannabis is anticipated to experience substantial growth over the impending years, crop pricing might extremely hinder development of cannabis market. This might oc

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