Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Explore Our Diverse Range Of Offerings
From detailed reports to experts services offered in 15+
Industry Domains
Report Overview
The cannabis market was valued at USD 33.70 Billion in 2024. It is expected to grow at a CAGR of 15.20% during the forecast period 2025-2034. The market is further expected to reach a market value of approximately USD 138.72 Billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
Key Industry Players
Strategic Partnerships and Expansions by Key Players to Drive Market Growth
CannTrust Holdings Inc.: CannTrust Holdings Inc. is a Canadian cannabis company known for producing high-quality medical and recreational cannabis products. It focuses on innovative cultivation techniques, research-driven product development, and patient-centered care. Despite regulatory challenges, CannTrust continues to expand its presence in the cannabis industry, leveraging advanced extraction and formulation technologies to enhance product efficacy and consumer accessibility.
VIVO Cannabis Inc.: VIVO Cannabis Inc. is a Canadian licensed producer specializing in premium medical and adult-use cannabis. With brands like Canna Farms and Fireside, it focuses on high-quality cultivation, innovative formulations, and patient wellness. VIVO operates state-of-the-art growing facilities and invests in cannabis research, expanding its global footprint while prioritizing sustainable cultivation and consumer education.
Cronos Group Inc.: Cronos Group Inc. is a global cannabinoid company focused on innovation, R&D, and premium cannabis brands. With a diverse portfolio, including PEACE NATURALS and Spinach, Cronos leverages cutting-edge biosynthesis technology to develop advanced cannabis products. Strategic partnerships and investments in consumer wellness drive its expansion in the rapidly evolving medical and recreational cannabis markets.
Jazz Pharmaceuticals: Jazz Pharmaceuticals is a biopharmaceutical company integrating cannabis-based therapeutics into its product portfolio. It acquired GW Pharmaceuticals, the developer of Epidiolex, the first FDA-approved CBD treatment for epilepsy. Jazz focuses on cannabinoid-based medicines for neurological disorders, leveraging research-driven innovations to expand cannabis applications in pharmaceuticals while ensuring regulatory compliance and global market expansion.
Other companies in the market include:
- OrganiGram Holdings
- Lexaria Corp.
- ABcann Medicinals, Inc.
- Aurora Cannabis Inc.
- Tilray Brands, Inc.
- Canopy Growth Corporation
- Cresco Labs, LLC
- Ecofibre Ltd
- Green Thumb Industries Inc.
- HEXO Operations Inc.
- INDIVA Inc.
- Maricann Inc.
Cannabis Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Looking for specific insights?
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Key Questions Answered in the Report
The market was valued at USD 33.70 Billion in 2024 driven by the growing acceptance of cannabis as a legitimate medical treatment.
Based on type, the edibles segment leads the market by product type, driven by increasing consumer preference for cannabis-infused gummies, chocolates, and beverages.
Key players in the market include CannTrust Holdings Inc., VIVO Cannabis Inc., Cronos Group Inc., OrganiGram Holdings, Lexaria Corp., ABcann Medicinals, Inc., Aurora Cannabis Inc., Tilray Brands, Inc., Canopy Growth Corporation, Cresco Labs, LLC, Ecofibre Ltd, Green Thumb Industries Inc., HEXO Operations Inc., INDIVA Inc., Maricann Inc., and Jazz Pharmaceuticals.
The North America is poised to dominate the market share due to the increasing legalisation of cannabis in healthcare industry.
The neurological disorders segment is expected to witness the fastest growth due to increasing research, regulatory approvals, and rising adoption for pain management.
Increasing adoption of cannabis for medical applications, coupled with advancements in product innovation, is driving market growth. The rise of edibles and infused beverages is also shaping consumer preferences.
The market is expected to grow at a CAGR of 15.20% during 2025-2034 driven by the increasing consumer acceptance and medical research advancements. The market is expected to attain a value of USD 138.72 Billion by 2034.
Strategic collaborations and acquisitions enhance research, distribution networks, and regulatory compliance, strengthening market presence. Companies are expanding their product portfolios and global reach through joint ventures and technological investments.
Regulatory complexities, limited clinical research, and inconsistent product quality remain major challenges. Standardisation, better safety profiles, and wider medical acceptance are needed to address market gaps.
Government legalisation and regulatory support drive investments, research, and product innovation, boosting market expansion and consumer adoption, particularly in medical cannabis applications.
Rising demand for medical cannabis, expansion of recreational use, growth of online dispensaries, increased R&D investments, and the emergence of novel delivery methods such as beverages and edibles.
Cannabis has two major applications medical and recreational.
Datasheet
One User
USD 3,299
USD 2,969
tax inclusive*
- Selected Segments
- Printing Restrictions
- Excel Spreadsheet Delivered via Email
- Full Report
- Periodic Updates
- Post Sales Analysts Support
- Unlimited Prints
Single User License
One User
USD 5,499
USD 4,949
tax inclusive*
- All Segments
- Printing Restrictions
- PDF Delivered via Email
- Custom Report Layout
- Post Sales Analysts Support
- Periodic Updates
- Unlimited Prints
Five User License
Five User
USD 6,999
USD 5,949
tax inclusive*
- All Segments
- Five Prints Available
- PDF Delivered via Email
- Limited Free Customization
- Post Sales Analyst Support
- Custom Report Layout
- Periodic Updates
- Unlimited Prints
Corporate License
Unlimited Users
USD 8,199
USD 6,969
tax inclusive*
- All Segments
- Unlimited Prints Available
- PDF & Excel Delivery via Email
- Limited Free Customization
- Post Sales Analysts Support
- Discount On Next Update
- Custom Report Layout
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Bundle Type
Flash Bundle
20% OFF
Number of Reports: 3
Small Business Bundle
25% OFF
Number of Reports: 5
Growth Bundle
30% OFF
Number of Reports: 8
Enterprise Bundle
35% OFF
Number of Reports: 10
Overview
- Life Time Access
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours
- Complimentary Free 1 Month Subscription to Trade Data Base
- Complimentary One Month Subscription to Price Database (Chemicals only)
- Complementary PPT Version of the Report
- Complimentary License Upgrade
- Complimentary Power BI Dashboards
- Life Time Access
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 50 Hours
- Complimentary Free 1 Month Subscription to Trade Data Base
- Complimentary One Month Subscription to Price Database (Chemicals only)
- Complementary PPT Version of the Report
- Complimentary License Upgrade
- Complimentary Power BI Dashboards
- Life Time Access
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 80 Hours
- Complimentary Free 1 Month Subscription to Trade Data Base
- Complimentary One Month Subscription to Price Database (Chemicals only)
- Complementary PPT Version of the Report
- Complimentary License Upgrade
- Complimentary Power BI Dashboards
- Life Time Access
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 100 Hours
- Complimentary Free 1 Month Subscription to Trade Data Base
- Complimentary One Month Subscription to Price Database (Chemicals only)
- Complementary PPT Version of the Report
- Complimentary License Upgrade
- Complimentary Power BI Dashboards
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Number of Reports: 3
20%
tax inclusive*
- 3 Reports Included
- Life Time Acess
- Analyst Support Related to Report
- PDF Version of the Report
- Free 1 Month Subscription to Trade Data Base
- 1 Month Subscription to Price Database (Chemicals only)
- Complimentary Excel Data Set
- PPT Version of the Report
- Power BI Dashboards
- License Upgrade
- Free Analyst Hours
Small Business Bundle
Number of Reports: 5
25%
tax inclusive*
- 5 Reports Included
- Life Time Acess
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 50 Hours
- Free 1 Month Subscription to Trade Data Base
- 1 Month Subscription to Price Database (Chemicals only)
- Complimentary Excel Data Set
- PPT Version of the Report
- Power BI Dashboards
- License Upgrade
Growth Bundle
Number of Reports: 8
30%
tax inclusive*
- 8 Reports Included
- Life Time Acess
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 50 Hours
- Free 1 Month Subscription to Trade Data Base
- 1 Month Subscription to Price Database (Chemicals only)
- License Upgrade
- Free Analyst Hours - 80 Hours
- Power BI Dashboards
Enterprise Bundle
Number of Reports: 10
35%
tax inclusive*
- 10 Reports Included
- Life Time Acess
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 50 Hours
- Free 1 Month Subscription to Trade Data Base
- 1 Month Subscription to Price Database (Chemicals only)
- License Upgrade
- Power BI Dashboards
- Free Analyst Hours - 100 Hours
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Strategic Solutions for Informed Decision-Making
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
- Our Insights Store:
-
Industry Statistics
-
Procurement Insights
-
Consumer Insights
Our Offices
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
