Croatia Legal Marijuana Market Size & Outlook, 2023-2030
Croatia Legal Marijuana Market, 2018-2030 (US$M)
Global Market
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Croatia legal marijuana market highlights
- The Croatia legal marijuana market generated a revenue of USD 5.4 million in 2023 and is expected to reach USD 32.7 million by 2030.
- The Croatia market is expected to grow at a CAGR of 29.4% from 2024 to 2030.
- In terms of segment, medical use was the largest revenue generating application in 2023.
- Adult Use is the most lucrative application segment registering the fastest growth during the forecast period.
Legal marijuana market data book summary
| Market revenue in 2023 | USD 5.4 million |
| Market revenue in 2030 | USD 32.7 million |
| Growth rate | 29.4% (CAGR from 2023 to 2030) |
| Largest segment | Medical use |
| Fastest growing segment | Adult Use |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Medical Use, Adult Use |
| Key market players worldwide | Canopy Growth Corp, Aurora Cannabis Inc, Tilray Brands Inc, MediPharm Labs Corp, The Cronos Group, Wayland Group Corp, OrganiGram Holdings Inc, Lexaria Bioscience Corp, GW Pharmaceuticals |
Other key industry trends
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Switzerland legal marijuana market is projected to lead the regional market in terms of revenue in 2030.
- Switzerland is the fastest growing regional market in Europe and is projected to reach USD 625.5 million by 2030.
Medical marijuana was approved in Croatia with the consent of a committee of doctors and medical experts for the treatment of tumors, AIDS, multiple sclerosis, and child epilepsy. It became the first Balkan country to approve marijuana products to treat severe diseases.
After the approval of medical marijuana, the Health Ministry is taking efforts to ensure that all tetrahydrocannabinol (THC)-based medicines prescribed by doctors are made available to patients.
According to rules by Croatian government in 2015, doctors can prescribe cannabis ointments, teas, and other extracts for the treatment of AIDS, multiple sclerosis, epilepsy, and cancer. In addition, increasing investment by various players, growing adoption, and expansion of applications would further boost the market.
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Legal Marijuana Market Scope
Legal Marijuana Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Aurora Cannabis Inc | View profile | 1,130 | 3498 63 Avenue, Leduc, AB, Canada, T9E 0G8 | www.auroramj.com |
| Canopy Growth Corp | View profile | 1,621 | 1 Hershey Drive, Smiths Falls, ON, Canada, K7A 0A8 | www.canopygrowth.com |
| Tilray Brands Inc | View profile | 1,600 | 265 Talbot Street West, Leamington, ON, Canada, N8H 5L4 | www.tilray.com |
| The Cronos Group | View profile | 1001-5000 | Kontich, Antwerpen, Belgium, Europe | cronos-groep.be/ |
| OrganiGram Holdings Inc | View profile | 987 | 145 King Street West, Suite 1400, Toronto, ON, Canada, M5H 1J8 | www.organigram.ca |
| MediPharm Labs Corp | View profile | 166 | 151 John Street, Barrie, ON, Canada, L4N 2L1 | www.medipharmlabs.com |
| GW Pharmaceuticals | View profile | 51-100 | Histon, Cambridgeshire, United Kingdom, Europe | gwpharm.com |
| Wayland Group Corp | View profile | - | 845 Harrington Court, Unit 3, Burlington, ON, Canada, L7N 3P3 | www.waylandgroup.com |
| Lexaria Bioscience Corp | View profile | 3 | 740 McCurdy Road, Suite 100, Kelowna, BC, Canada, V1X 2P7 | www.lexariabioscience.com |
Croatia Legal Marijuana 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 Legal Marijuana Market Outlook will help companies and investors design strategic landscapes.
Medical Use was the largest segment with a revenue share of 81.48% in 2023.
Horizon Databook has segmented the Croatia legal marijuana market based on medical use, adult use covering the revenue growth of each sub-segment from 2018 to 2030.
Medical marijuana was approved in Croatia with the consent of a committee of doctors and medical experts for the treatment of tumors, AIDS, multiple sclerosis, and child epilepsy. It became the first Balkan country to approve marijuana products to treat severe diseases.
After the approval of medical marijuana, the Health Ministry is taking efforts to ensure that all tetrahydrocannabinol (THC)-based medicines prescribed by doctors are made available to patients.
According to rules by Croatian government in 2015, doctors can prescribe cannabis ointments, teas, and other extracts for the treatment of AIDS, multiple sclerosis, epilepsy, and cancer. In addition, increasing investment by various players, growing adoption, and expansion of applications would further boost the market.
- Croatia Legal Marijuana Market Application Outlook (Revenue, USD Million , 2018-2030)
- Medical Use
- Adult Use
- Croatia Legal Marijuana Market Product Outlook (Revenue, USD Million , 2018-2030)
- Flower
- Oil and Tinctures
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Horizon Databook provides a detailed overview of country-level data and insights on the Croatia Legal Marijuana Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Croatia Legal Marijuana Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Croatia Legal Marijuana Market, 2018-2030 (US$M)
Croatia legal marijuana market statistics, by application, 2018-2030 (US$M)
