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Home Pharmaceuticals Legalized Cannabis Market Size To Surpass USD 162.05 Billion by 2031

Legalized Cannabis Market

Legalized Cannabis Market Size, Share & Trends Analysis Report By Usage (Medical, Recreational, Industrial Hemp), By Form (Bud, Oil, Tincture), By Application (Chronic Pain, Mental Disorders, Cancer, Others) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2023-2031

Report Code: SRPH511DR
Study Period 2019-2031 CAGR 25%
Historical Period 2019-2021 Forecast Period 2023-2031
Base Year 2022 Base Year Market Size USD 21.75 Billion
Forecast Year 2031 Forecast Year Market Size USD 162.05 Billion
Largest Market North America Fastest Growing Market LAMEA
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Market Segmentation

  1. Legalized Cannabis Market, By Usage (2021-2031)
    1. Medical
    2. Recreational
    3. Industrial Hemp
  2. Legalized Cannabis Market, By Form (2021-2031)
    1. Bud
    2. Oil
    3. Tincture
  3. Legalized Cannabis Market, By Application (2021-2031)
    1. Chronic Pain
    2. Mental Disorders
    3. Cancer
    4. Others
    1. North America
      1. North America Legalized Cannabis Market, By Usage
        1. Medical
          1. Recreational
            1. Industrial Hemp
            2. North America Legalized Cannabis Market, By Form
              1. Bud
                1. Oil
                  1. Tincture
                  2. North America Legalized Cannabis Market, By Application
                    1. Chronic Pain
                      1. Mental Disorders
                        1. Cancer
                          1. Others
                          2. U.S.
                            1. U.S. Legalized Cannabis Market, By Usage
                              1. Medical
                                1. Recreational
                                  1. Industrial Hemp
                                  2. U.S. Legalized Cannabis Market, By Form
                                    1. Bud
                                      1. Oil
                                        1. Tincture
                                        2. U.S. Legalized Cannabis Market, By Application
                                          1. Chronic Pain
                                            1. Mental Disorders
                                              1. Cancer
                                                1. Others
                                              2. Canada
                                            2. Europe
                                              1. Europe Legalized Cannabis Market, By Usage
                                                1. Medical
                                                  1. Recreational
                                                    1. Industrial Hemp
                                                    2. Europe Legalized Cannabis Market, By Form
                                                      1. Bud
                                                        1. Oil
                                                          1. Tincture
                                                          2. Europe Legalized Cannabis Market, By Application
                                                            1. Chronic Pain
                                                              1. Mental Disorders
                                                                1. Cancer
                                                                  1. Others
                                                                  2. U.K.
                                                                    1. U.K. Legalized Cannabis Market, By Usage
                                                                      1. Medical
                                                                        1. Recreational
                                                                          1. Industrial Hemp
                                                                          2. U.K. Legalized Cannabis Market, By Form
                                                                            1. Bud
                                                                              1. Oil
                                                                                1. Tincture
                                                                                2. U.K. Legalized Cannabis Market, By Application
                                                                                  1. Chronic Pain
                                                                                    1. Mental Disorders
                                                                                      1. Cancer
                                                                                        1. Others
                                                                                      2. Germany
                                                                                      3. France
                                                                                      4. Spain
                                                                                      5. Italy
                                                                                      6. Russia
                                                                                      7. Nordic
                                                                                      8. Benelux
                                                                                      9. Rest of Europe
                                                                                    2. APAC
                                                                                      1. APAC Legalized Cannabis Market, By Usage
                                                                                        1. Medical
                                                                                          1. Recreational
                                                                                            1. Industrial Hemp
                                                                                            2. APAC Legalized Cannabis Market, By Form
                                                                                              1. Bud
                                                                                                1. Oil
                                                                                                  1. Tincture
                                                                                                  2. APAC Legalized Cannabis Market, By Application
                                                                                                    1. Chronic Pain
                                                                                                      1. Mental Disorders
                                                                                                        1. Cancer
                                                                                                          1. Others
                                                                                                          2. China
                                                                                                            1. China Legalized Cannabis Market, By Usage
                                                                                                              1. Medical
                                                                                                                1. Recreational
                                                                                                                  1. Industrial Hemp
                                                                                                                  2. China Legalized Cannabis Market, By Form
                                                                                                                    1. Bud
                                                                                                                      1. Oil
                                                                                                                        1. Tincture
                                                                                                                        2. China Legalized Cannabis Market, By Application
                                                                                                                          1. Chronic Pain
                                                                                                                            1. Mental Disorders
                                                                                                                              1. Cancer
                                                                                                                                1. Others
                                                                                                                              2. Korea
                                                                                                                              3. Japan
                                                                                                                              4. India
                                                                                                                              5. Australia
                                                                                                                              6. Taiwan
                                                                                                                              7. South East Asia
                                                                                                                              8. Rest of Asia-Pacific
                                                                                                                            2. Middle East and Africa
                                                                                                                              1. Middle East and Africa Legalized Cannabis Market, By Usage
                                                                                                                                1. Medical
                                                                                                                                  1. Recreational
                                                                                                                                    1. Industrial Hemp
                                                                                                                                    2. Middle East and Africa Legalized Cannabis Market, By Form
                                                                                                                                      1. Bud
                                                                                                                                        1. Oil
                                                                                                                                          1. Tincture
                                                                                                                                          2. Middle East and Africa Legalized Cannabis Market, By Application
                                                                                                                                            1. Chronic Pain
                                                                                                                                              1. Mental Disorders
                                                                                                                                                1. Cancer
                                                                                                                                                  1. Others
                                                                                                                                                  2. UAE
                                                                                                                                                    1. UAE Legalized Cannabis Market, By Usage
                                                                                                                                                      1. Medical
                                                                                                                                                        1. Recreational
                                                                                                                                                          1. Industrial Hemp
                                                                                                                                                          2. UAE Legalized Cannabis Market, By Form
                                                                                                                                                            1. Bud
                                                                                                                                                              1. Oil
                                                                                                                                                                1. Tincture
                                                                                                                                                                2. UAE Legalized Cannabis Market, By Application
                                                                                                                                                                  1. Chronic Pain
                                                                                                                                                                    1. Mental Disorders
                                                                                                                                                                      1. Cancer
                                                                                                                                                                        1. Others
                                                                                                                                                                      2. Turkey
                                                                                                                                                                      3. Saudi Arabia
                                                                                                                                                                      4. South Africa
                                                                                                                                                                      5. Egypt
                                                                                                                                                                      6. Nigeria
                                                                                                                                                                      7. Rest of MEA
                                                                                                                                                                    2. LATAM
                                                                                                                                                                      1. LATAM Legalized Cannabis Market, By Usage
                                                                                                                                                                        1. Medical
                                                                                                                                                                          1. Recreational
                                                                                                                                                                            1. Industrial Hemp
                                                                                                                                                                            2. LATAM Legalized Cannabis Market, By Form
                                                                                                                                                                              1. Bud
                                                                                                                                                                                1. Oil
                                                                                                                                                                                  1. Tincture
                                                                                                                                                                                  2. LATAM Legalized Cannabis Market, By Application
                                                                                                                                                                                    1. Chronic Pain
                                                                                                                                                                                      1. Mental Disorders
                                                                                                                                                                                        1. Cancer
                                                                                                                                                                                          1. Others
                                                                                                                                                                                          2. Brazil
                                                                                                                                                                                            1. Brazil Legalized Cannabis Market, By Usage
                                                                                                                                                                                              1. Medical
                                                                                                                                                                                                1. Recreational
                                                                                                                                                                                                  1. Industrial Hemp
                                                                                                                                                                                                  2. Brazil Legalized Cannabis Market, By Form
                                                                                                                                                                                                    1. Bud
                                                                                                                                                                                                      1. Oil
                                                                                                                                                                                                        1. Tincture
                                                                                                                                                                                                        2. Brazil Legalized Cannabis Market, By Application
                                                                                                                                                                                                          1. Chronic Pain
                                                                                                                                                                                                            1. Mental Disorders
                                                                                                                                                                                                              1. Cancer
                                                                                                                                                                                                                1. Others
                                                                                                                                                                                                              2. Mexico
                                                                                                                                                                                                              3. Argentina
                                                                                                                                                                                                              4. Chile
                                                                                                                                                                                                              5. Colombia
                                                                                                                                                                                                              6. Rest of LATAM

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                                                                                                                                                                                                          The global medical cannabis market size was valued at USD 14,441.3 million in 2022. It is expected to reach USD 65,235.9 million by 2031, growing at a CAGR of 18.24% during the forecast period (2023–2031). Factors such as growing chronic diseas
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