Legal Marijuana Market Size

Legal Marijuana Market size was over USD 26.18 billion in 2024 and is anticipated to cross USD 496.41 billion by 2037, witnessing more than 25.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of legal marijuana is estimated at USD 31.83 billion.

According to the World Health Organization (WHO), about 147 million people, which is almost 2.5% of the world population, consume cannabis. Legalization of marijuana in many countries for medical and recreational use is anticipated to rapidly increase the demand for legal marijuana over the coming years. Marijuana provides several health benefits, such as it relieves severe pain, regulate and prevent diabetes, fights cancer, and helps to ease depression. According to the WHO, depression is a common mental disorder affecting around 264 million people globally.