Legal Marijuana Market Size

Legal Marijuana Market size was over USD 20.88 billion in 2023 and is anticipated to cross USD 395.91 billion by 2036, witnessing more than 25.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of legal marijuana is estimated at USD 25.12 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.