The Cannabis Market is expected to grow from US$59.603 billion in 2025 to US$132.935 billion in 2030, at a CAGR of 17.40%.
Cannabis is a psychoactive substance extracted from the cannabis plant native to Central and South Asia. It is known by many other names, such as hemp (industrial name), marijuana, grass, and CBD among others. Since ancient times, cannabis has alsbeen used in traditional remedy preparations, entheogenic use, and recreational use. Cannabis can be consumed orally, through vapors, or as an extract. There are a variety of psychological and physiological effects associated with cannabis consumption, such as altered states of consciousness, euphoria, trouble focusing, impaired balance and fine psychomotor control, reduced short-term memory, relaxation, and increased appetite.
Legal growers & producers, customers, independent industrial standards bodies, auxiliary goods and service providers, regulators, and experts on cannabis and hemp, its industrial derivative, comprise the cannabis business. Regulatory limitations have hindered the cannabis business for most of recent history, but as more countries allow medicinal and adult use, the legal cannabis sector has grown quickly. Therefore, the rising legalization of cannabis products for medicinal purposes in various countries is the primary reason driving the growth of the global market during the projection period.
Cannabis is a psychoactive substance extracted from the cannabis plant native to Central and South Asia. It is known by many other names, such as hemp (industrial name), marijuana, grass, and CBD among others. Since ancient times, cannabis has alsbeen used in traditional remedy preparations, entheogenic use, and recreational use. Cannabis can be consumed orally, through vapors, or as an extract. There are a variety of psychological and physiological effects associated with cannabis consumption, such as altered states of consciousness, euphoria, trouble focusing, impaired balance and fine psychomotor control, reduced short-term memory, relaxation, and increased appetite.
Legal growers & producers, customers, independent industrial standards bodies, auxiliary goods and service providers, regulators, and experts on cannabis and hemp, its industrial derivative, comprise the cannabis business. Regulatory limitations have hindered the cannabis business for most of recent history, but as more countries allow medicinal and adult use, the legal cannabis sector has grown quickly. Therefore, the rising legalization of cannabis products for medicinal purposes in various countries is the primary reason driving the growth of the global market during the projection period.
Segments covered under the cannabis market report are as below:
- Cannabis Market By Type
- Flowers/Buds
- Concentrates
- Cannabis Market By End-User
- Medical
- Recreational
- Industrial Hemp
- Cannabis Market By Component
- THC-Dominant
- Balanced THC and CBD
- CBD-Dominant
- Cannabis Market By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Spain
- Others
- Middle East And Africa
- Saudi Arabia
- UAE
- Others
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Taiwan
- Others
- North America
Table of Contents
1. EXECUTIVE SUMMARY
2. MARKET SNAPSHOT
3. BUSINESS LANDSCAPE
4. CANNABIS MARKET BY TYPE
5. CANNABIS MARKET BY END-USER
6. CANNABIS MARKET BY COMPONENT
7. CANNABIS MARKET BY GEOGRAPHY
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
9. COMPANY PROFILES
10. APPENDIX
Companies Mentioned
- Aurora Cannabis Inc.
- Tilary, Inc.
- Canopy Growth Corporation
- CannTrust Holdings Inc.
- VIVI Cannabis Inc.
- Cronos Group Inc.
- Jazz Pharmaceuticals
- OrganiGram Holdings
- Lexaria Corp.
- ABcann Medicinals Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 142 |
| Published | May 2025 |
| Forecast Period | 2025 - 2030 |
| Estimated Market Value ( USD | $ 59.6 Billion |
| Forecasted Market Value ( USD | $ 132.94 Billion |
| Compound Annual Growth Rate | 17.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
