Cannabis Market Overview, Growth Drivers, Trends, and Forecast – 2030
The global cannabis market is projected to grow significantly, rising from an estimated USD 72.83 billion in 2025 to USD 125.76 billion by 2030, at a robust CAGR of 11.5% during the forecast period. This growth is fueled by expanding legalization, increasing therapeutic demand, broader consumer acceptance, and rising interest in both medical and recreational cannabis products. Innovations in...
Growing Medicinal Application of Cannabis and Increasing Legalization of Cannabis to Drive the Demand for Cannabis
Cannabis is a drug derived from the cannabis sativa, cannabis indica, and hybrid strains. Although cannabis is composed of different cannabinoids, the two main cannabinoids considered to be the most active compounds are tetrahydrocannabinol (THC), the psychoactive compound, and cannabidiol (CBD), the non-psychoactive compound. The growth of this market is attributed to the growing number of medicinal...