Global Cannabis Pharmaceuticals Market Size & Outlook

The cannabis pharmaceuticals industry worldwide is expected to reach a projected revenue of US$ 102,438.0 million by 2030. A compound annual growth rate of 62.5% is expected of the worldwide cannabis pharmaceuticals industry from 2024 to 2030.
Revenue, 2023 (US$M)
$3,420.3
Forecast, 2030 (US$M)
$102,438.0
CAGR, 2024 - 2030
62.5%
Report Coverage
Worldwide

Global cannabis pharmaceuticals market, 2018-2030 (US$M)

Global cannabis pharmaceuticals market highlights

  • The global cannabis pharmaceuticals market generated a revenue of USD 3,420.3 million in 2023 and is expected to reach USD 102,438.0 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 62.5% by 2030.
  • In terms of segment, other brands accounted for a revenue of USD 1,732.9 million in 2023.
  • Other Brands is the most lucrative brand type segment registering the fastest growth during the forecast period.
  • In terms of region, Europe was the largest revenue generating market in 2023.
  • Country-wise, Croatia is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 3,420.3 million
Market revenue in 2030USD 102,438.0 million
Growth rate62.5% (CAGR from 2023 to 2030)
Largest segmentOther brands
Fastest growing segmentOther Brands
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSativex, Epidiolex, Other Brands

Other key industry trends

  • In terms of revenue, the North America accounted for 24.7% of the global cannabis pharmaceuticals market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, Croatia is the fastest growing regional market and is projected to reach USD 175.7 million by 2030.

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Cannabis Pharmaceuticals Market Scope

Cannabis Pharmaceuticals Market Companies

Name Profile # Employees HQ Website

Global cannabis pharmaceuticals 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 cannabis pharmaceuticals market will help companies and investors design strategic landscapes.


Other brands was the largest segment with a revenue share of 50.67% in 2023. Horizon Databook has segmented the Global cannabis pharmaceuticals market based on sativex, epidiolex, other brands covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Cannabis Pharmaceuticals Brand Type Outlook (Revenue, USD Million, 2018-2030)
    • Sativex
    • Epidiolex
    • Other Brands

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Target buyers of Global cannabis pharmaceuticals market databook

  • Our clientele includes a mix of cannabis pharmaceuticals market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global cannabis pharmaceuticals market , including forecasts for subscribers. This global databook contains high-level insights into Global cannabis pharmaceuticals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global cannabis pharmaceuticals market size, by regions, 2018-2030 (US$M)

Top 10 countries: Cannabis pharmaceuticals market size, 2023 (US$M)

Global cannabis pharmaceuticals market share, by brand type, 2023 & 2030 (%, US$M)

Cannabis pharmaceuticals market: Opportunity assessment by country

Global cannabis pharmaceuticals market, by region, 2023 (US$M)

Global cannabis pharmaceuticals market size, by regions, 2018-2030 (US$M)

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