Report Highlights
The global market for cannabis was valued at $45.6 billion in 2025 and is projected to reach $79.3 billion by the end of 2030, at a compound annual growth rate (CAGR) of 11.7% during the forecast period of 2025 to 2030.
Report Includes
- 12 data tables and 77 additional tables
- In-depth analysis of the global cannabis market, including products, technologies and applications
- Analyses of the global market trends, with historic revenue data for 2024, estimates for 2025, forecasts for 2026 and projected CAGRs through 2030
- Estimates of the current market size and revenue prospects of the global market, accompanied by a corresponding market share analysis by product type and region
- Facts and figures pertaining to the global market dynamics, opportunities and deterrents, technological advancements, regulations, prospects and the impact of macroeconomic factors
- Insights derived from Porter’s Five Forces model, as well as global supply chain analyses
- Patent review, featuring key granted and published patents
- Review of emerging trends/technologies in the cannabis industry as well as information pertaining to cannabis cultivators, manufacturers and other market participants in drug development, instrumentation, testing facilities and other companies in the market
- Analysis of the industry structure, including companies’ market shares and rankings, strategic initiatives, venture fundings and an investment outlook
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, as well as the ESG risk ratings and practices of leading companies
- Company profiles of major players, including Curaleaf, Trulieve, Green Thumb Industries, Verano, Cresco Labs, Tilray Brands Inc.
Report Scope
This report is a current and important business tool for evaluating technologies, trends, products, and market participants in the cannabis sector. The report identifies key industries in the global cannabis market, including cannabis analytical testing equipment and services, cannabis extraction equipment and services, legal cannabis retail sales (medicinal and adult use only), and cannabis-derived pharmaceuticals. BCC Research estimates market data for 2024 (the base year) and 2025 and forecast values through 2030.
Illegal cannabis, industrial hemp, and cannabis cultivated for personal use are excluded from the report. It is important to note that retail sales figures only include domestic medical and adult-use cannabis sales, excluding the export market.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2024 | ||||||||||||||||
| Forecast period considered | 2025-2030 | ||||||||||||||||
| Base year market size | $42.0 billion | ||||||||||||||||
| Market size forecast | $79.3 billion | ||||||||||||||||
| Growth rate | CAGR of 11.7% for the forecast period of 2025-2030 | ||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||
| Segments covered | Type, Region | ||||||||||||||||
| Regions covered | North America, Europe, Rest of World | ||||||||||||||||
| Countries covered | U.S., Canada, U.K., France, Germany, Poland, Australia, New Zealand, Brazil | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Regulatory expansion and legalization.
- Expansion of telemedicine.
- Rising demand for higher potency products.
- Product innovation and industry investment.
- Plunging prices driven by cannabis oversupply.
- Regulatory uncertainties and fragmentation.
- Funding challenges.
- Supply chain and quality challenges.
- Illicit cannabis market.
- Shift towards premiumization and product differentiation.
- Industry consolidation and financial restructuring.
- Increasing demand for expanded cannabis research.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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Report Highlights
The global cannabis market should grow from $25.6 billion in 2019 to $77.6 billion by 2024 at a compound annual growth rate (CAGR) of 24.8% for the period of 2019-2024.
Report Includes
- 72 data tables and 17 additional tables
- A brief overview of the commercial potential of cannabis products, technologies and applications' markets
- Analyses of the global market trends in cannabis space, with data from 2018, estimates for 2019, and projections of compound annual growth rates (CAGRs) through 2024
- Information on cannabis cultivators, manufacturers and other market participants related to drug development industry, instrumentation, testing facilities and other market players
- Assessment on the role of government regulations, technological advancements, legalization of marijuana across several states, and the economic factors that affect the growth of the cannabis market
- A relevant patent analysis with data corresponding to cannabis related products and applications in drug discovery and development, recreational sector, supplemental products, and hemp related products
- Company profiles of leading market participants dealing in cannabis products within the drug development industry, including Aphria Inc., Aurora Cannabis Inc., C4 Laboratories, Canopy Growth Corp., and GW Pharmaceuticals
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