Cannabis Market Updates

Global Cannabis market size was valued at USD 34.74 Billion in 2023 and is poised to grow from USD 43.69 Billion in 2024 to USD 202.75 Billion by 2032, growing at a CAGR of 20.50% in the forecast period (2025-2032).

Canopy Growth Corporation (Canada), Curaleaf Holdings, Inc. (United States), Cresco Labs (United States), Green Thumb Industries (United States), Tilray Brands (Canada), Trulieve Cannabis Corp. (United States), Aurora Cannabis Inc. (Canada), MedMen enterprises Inc. (United States), Unrivaled Brand Inc. (United States), Organigram Holdings Inc. (Canada), Stenocare (Denmark), MediPharm Labs Corp. (Vivo Cannabis Inc.) (Canada), Terrascend (Canada), Verano Holdings Corp (United States), The Cronos Group (Canada), Medical Marijuana, Inc. (United States), Tikun Olam-Cannbit Pharmaceuticals Ltd. (Israel), CanAdelaar Group (The Netherlands), Cann Group Limited (Satipharm) (Australia), Connected Cannabis Co. (United States)

Technological innovation is being reorganized for the effective creation of cannabis-based goods, coinciding with the fast growth in cannabis consumption and cultivation in many nations throughout the world.

In the global Cannabis market one of the most notable trends is acceptance of cannabis infused beverages. This market’s innovation is fueled by consumers’ increasing need for these products which serve as alternatives to traditional smoking or edibles. As a response to this rising demand, big companies have invested in producing a wide range of drinks that contain cannabis.

The North America cannabis market emerges as the most dominant cannabis market in the world. The region’s importance is due to its regulations and suitable infrastructure.