The global legal marijuana market size was estimated at USD 20,976.8 million in 2023 and is projected to reach USD 102,245.4 million by 2030, growing at a CAGR of 25.4% from 2024 to 2030. Increasing demand for legal marijuana is a major factor in growth of the market
Read More »January 18, 2024
The North America legal marijuana market size was valued at USD 13.2 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 15.0% from 2023 to 2030. Across North America, cannabis legitimization has brought about a massive change in the market
Read More »June 28, 2022
The marijuana Breathalyzer market is set for continued robust growth, driven by technological advancements, regulatory momentum, and increasing societal focus on safety. The next decade will see further innovation in rapid, portable, and highly accurate THC detection devices, with North America remaining the leading region for adoption and development.
Read More »April 28, 2025
The Germany legal cannabis market size was estimated at USD 37.15 million in 2024 and is expected to grow at a CAGR of 14.09% from 2025 to 2030. Factors such as the growing adoption of cannabis for the treatment of chronic diseases, affirmative legal advancements in the country, increasing research activities on its therapeutic use, and growing adoption and introduction of cosmetics CBD products drive market growth.
Read More »May 8, 2025
The global medical marijuana market size was valued at USD 11.0 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 21.06% from 2022 to 2030. The industry is experiencing growth due to the rising awareness regarding various therapeutic applications of the product, such as pain management, appetite enhancement, and reducing eye pressure. Medical marijuana is classified into two types, namely, Cannabis Sativa and Cannabis Indica, which originate from the countries of the western hemisphere and central & south Asian regions, respectively.
Read More »August 1, 2022
The global marijuana drying and curing equipment market size was valued at USD 126.7 million in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 9.3% from 2023 to 2030. There is a growing demand for marijuana drying and curing equipment, owing to increasing number of countries legalizing cannabis for medical and recreational consumption, the growing cannabis cultivation and demand for high-quality cannabis products, the need for efficient and effective drying and curing processes, and the emergence of advanced technologies in the industry.
Read More »September 28, 2023
The global cannabis cultivation market size was estimated at USD 392,070.3 million in 2022 and is projected to reach USD 1,844,140.9 million by 2030, growing at a CAGR of 21.4% from 2023 to 2030. Growing legalization and the adoption of cannabis for the treatment of chronic diseases are the key factors driving the growth.
Read More »February 2, 2023
The Australia medical cannabis market size was estimated at USD 93.54 million in 2023 and is projected to grow at a CAGR of 33.6% from 2024 to 2030. This growth is driven by a rising interest in alternative therapies for managing chronic pain, nausea, and various other health issues, as well as the introduction of new products and formulations.
Read More »June 11, 2024
The Australia legal cannabis market size was estimated at USD 123.9 million in 2024 and is anticipated to grow at a CAGR of 23.7% from 2025 to 2030. The industry growth is driven by growing awareness of the health benefits of cannabis and the growing legalization of marijuana, mostly for medical purposes. Furthermore, the increase in medical marijuana output as a result of increasing demand in the pharmaceutical sector is boosting overall growth.
Read More »April 30, 2025
The North America legal cannabis market size was estimated at USD 36.70 billion in 2023 and is projected to grow at a CAGR of 11.9% from 2024 to 2030. Growing legalization and rising awareness with respect to health benefits provided by consumption of cannabis are some of the major factors driving the growth of the market. For instance, in May 2023, the Government of Minnesota legalized cannabis for recreational use and became the 23rd state in the U.S. to legalize adult-use cannabis.
Read More »August 6, 2024