Cannabis Beverages Market Size

Cannabis Beverages Market size was over USD 1.95 billion in 2023 and is poised to exceed USD 642.52 billion by 2036, witnessing over 56.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of cannabis beverages is evaluated at USD 2.83 billion.

Cannabis or marijuana is a budding plant, belonging to the family of Cannabaceae. In several parts of the world, marijuana has been well-known for its use in psychoactive drugs and therapeutic use. For a long time, the use of cannabis was mostly restricted to medical purposes. However, in the last few years, the usage of marijuana has stretched out to consumable drinks such as cannabis-based beverages. Cannabis-based beverage companies have arrived in the marketplace to supply and cater the growing demand for cannabis-infused products. The recreational use of cannabis is far superior as compared to the medicinal usage, keeping illegal consumption into consideration.