Cannabis Market Outlook:
Cannabis Market size was valued at USD 57.36 billion in 2025 and is likely to cross USD 310.55 billion by 2035, expanding at more than 18.4% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of cannabis is assessed at USD 66.86 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.
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Frequently Asked Questions (FAQ)
In the year 2026, the industry size of cannabis is assessed at USD 66.86 billion.
The global cannabis market size was valued at over USD 57.36 billion in 2025 and is expected to expand at a CAGR of more than 18.4%, surpassing USD 310.55 billion revenue by 2035.
North America cannabis market will secure over 30% share by 2035, driven by the legalization of recreational drugs and progressive cannabis legislation.
Key players in the market include The Cronos Group, Marley Natural, Aurora Cannabis, Cara Therapeutics, ARUMA LABS HOLDINGS PTY LIMITED, Medcan Australia, SNDL INC., Canopy Growth Corporation, The Scotts Company LLC, Aphria Inc., VIVO Cannabis Inc.
