Cannabis Market Size

Cannabis Market size was valued at USD 69.84 billion in 2024 and is set to exceed USD 3.01 trillion by 2037, expanding at over 33.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of cannabis is evaluated at USD 88.61 billion.

This market expansion is encouraged by the growing consumption of drugs across the globe. The last 30 years have seen a steady rise in the use of cannabis since numerous nations and states have taken steps to decriminalize and even fully legalize these drugs.

As per the World Health Organization (WHO), approximately 147 million individuals, or 2.5% of the global population, use cannabis annually, compared to 0.2% who use cocaine and 0.2% who use opiates.