Product ID: SQMIG35I2060
Global Cannabis Market Size, Share, Growth Analysis, By Application(Medical, recreational), By Product Type(Concentrates, Flower), By Compound(THC-dominant, CBD-dominant) - Industry Forecast 2024-2031
Report ID:
SQMIG35I2060 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
88 |
Figures:
76
Global Cannabis Market Insights
Cannabis Market size was valued at USD 10.99 billion in 2019 and is poised to grow from USD 13.43 billion in 2023 to USD 66.35 billion by 2031, growing at a CAGR of 22.1% in the forecast period (2024-2031).
The cannabis market is growing rapidly, with increasing adoption and demand for the plant. This is evident from the number of businesses that are now involved in this industry, as well as the increasing number of people who are using cannabis. Some of the reasons for this are that cannabis is becoming more accepted by society as a whole, and there are now more ways to use it than ever before. This includes both recreational and medicinal uses. There are also a lot of new products being developed for the cannabis market, which means that there is a lot of choice for consumers.
In terms of the legalization of cannabis, this is still a relatively new phenomenon. However, there are now many countries around the world where it is legal to use cannabis, including some US states. This has led to increased demand for this product, and it is likely that this trend will continue.
US Cannabis Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Cannabis Market Report Snapshots
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