Mexico - Latin America Cannabidiol Market Size & Outlook
- Cannabis
- Cannabidiol & Cannabinoids
- Cannabidiol Market Outlook
- Cannabidiol & Cannabinoids
Global Market
Related Markets
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Mexico cannabidiol market highlights
- The Mexico cannabidiol market generated a revenue of USD 24.9 million in 2024 and is expected to reach USD 91.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 24.2% from 2025 to 2030.
- In terms of segment, hemp was the largest revenue generating product in 2024.
- Hemp is the most lucrative product segment registering the fastest growth during the forecast period.
Cannabidiol market data book summary
| Market revenue in 2024 | USD 24.9 million |
| Market revenue in 2030 | USD 91.4 million |
| Growth rate | 24.2% (CAGR from 2025 to 2030) |
| Largest segment | Hemp |
| Fastest growing segment | Hemp |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hemp, Marijuana |
| Key market players worldwide | Medical Marijuana Inc, Canopy Growth Corp, Elixinol Wellness Ltd Ordinary Shares, The Cronos Group, Isodiol International Inc, Endoca, Folium Biosciences, NuLeaf Naturals, PharmaHemp |
Other key industry trends
- In terms of revenue, Mexico accounted for 0.3% of the global cannabidiol market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Mexico cannabidiol market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 91.4 million by 2030.
Mexico is the second-largest market for medical marijuana after Brazil. The Mexican law permits the sale of CBD products as supplements with THC content below 1%. In 2018, the country allowed the import and distribution of CBD products to retailers and pharmacies across the country.
The Mexican government has approved Manna Health to sell, buy, lease, supply, import, or export any products related to health and wellness. Moreover, CBD Life is the sole provider of CBD-infused edibles such as gummies, energy drinks, and a line of infused teas in the country.
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Cannabidiol Market Scope
Cannabidiol Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Canopy Growth Corp | View profile | 1,621 | 1 Hershey Drive, Smiths Falls, ON, Canada, K7A 0A8 | www.canopygrowth.com |
| The Cronos Group | View profile | 1001-5000 | Kontich, Antwerpen, Belgium, Europe | cronos-groep.be/ |
| Medical Marijuana Inc | View profile | 85 | 2384 La Mirada Drive, Vista, CA, United States, 92081 | www.medicalmarijuanainc.com |
| Elixinol Wellness Ltd Ordinary Shares | View profile | - | 680 George Street, Level 12, Sydney, NSW, Australia, 2000 | www.elixinolwellness.com |
| Isodiol International Inc | View profile | 197 | 200 Granville Street, Suite 2710, Vancouver, BC, Canada, V6C 1S4 | www.isodiol.com |
| Endoca | View profile | 1-10 | Hoofddorp, Noord-Holland, The Netherlands, Europe | www.endoca.com/pl |
| Folium Biosciences | View profile | 101-250 | Colorado Springs, Colorado, United States, North America | foliumbiosciences.com/ |
| NuLeaf Naturals | View profile | 51-100 | Denver, Colorado, United States, North America | nuleafnaturals.com/ |
| PharmaHemp | View profile | 51-100 | Ljubljana, Ljubljana Urban Commune, Slovenia, Europe | b2b.pharma-hemp.com |
Mexico - Latin America Cannabidiol Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Cannabidiol Market Outlook will help companies and investors design strategic landscapes.
Hemp was the largest segment with a revenue share of 77.91% in 2024.
Horizon Databook has segmented the Mexico - Latin America cannabidiol market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is the second-largest market for medical marijuana after Brazil. The Mexican law permits the sale of CBD products as supplements with THC content below 1%. In 2018, the country allowed the import and distribution of CBD products to retailers and pharmacies across the country.
The Mexican government has approved Manna Health to sell, buy, lease, supply, import, or export any products related to health and wellness. Moreover, CBD Life is the sole provider of CBD-infused edibles such as gummies, energy drinks, and a line of infused teas in the country.
- Mexico - Latin America Cannabidiol Market Product Outlook (Revenue, USD Million , 2018-2030)
- Hemp
- Marijuana
- Mexico - Latin America Cannabidiol Market Sale Type Outlook (Revenue, USD Million , 2018-2030)
- B2B
- B2C
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico - Latin America Cannabidiol Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - Latin America Cannabidiol Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Mexico - Latin America Cannabidiol Market, 2018-2030 (US$M)
Mexico cannabidiol market statistics, by product, 2018-2030 (US$M)
