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...
Budding Boom: The Future of the Cannabis Market by 2027
The global cannabis market size is estimated to be valued at USD 27.7 billion in 2022 and is projected to reach USD 82.3 billion by 2027, recording a CAGR of 24.3% in terms of value. Increased legalization has been extremely beneficial to the cannabis industry. Additionally, as more research studies in the field are carried out and show that cannabis has positive effects medically, has helped...
Rapid Growth and Challenges: Navigating the Global Cannabis Market
The global cannabis industry is experiencing unprecedented growth, with an estimated value of USD 27.7 billion in 2022 and a projected surge to USD 82.3 billion by 2027, reflecting a remarkable compound annual growth rate (CAGR) of 24.3%. Within this dynamic landscape, the medical segment stands out, witnessing a surge in demand driven by its applications in anxiety and pain management.
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