North America Legal Marijuana Market Size & Outlook
The legal marijuana market in North America is expected to reach a projected revenue of US$ 42,303.7 million by 2030. A compound annual growth rate of 15% is expected of North America legal marijuana market from 2024 to 2030.
Revenue, 2023 (US$M)
$15,934.7
Forecast, 2030 (US$M)
$42,303.7
CAGR, 2024 - 2030
15.0%
Report Coverage
North America
North America Legal Marijuana Market, 2018-2030 (US$M)
Global Market
Related Markets
North America legal marijuana market highlights
- The North America legal marijuana market generated a revenue of USD 15,934.7 million in 2023.
- The market is expected to grow at a CAGR of 15% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 15,934.7 million |
| Market revenue in 2030 | USD 42,303.7 million |
| Growth rate | 15% (CAGR from 2023 to 2030) |
| Largest segment | Medical use |
| Fastest growing segment | Adult Use |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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
- In terms of revenue, North America region accounted for 76.0% of the global legal marijuana market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 16,968.5 million by 2030.
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Legal Marijuana Market Scope
Legal Marijuana Market segmentation & 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 |
North America 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 76.93% in 2023.
Horizon Databook has segmented the North America legal marijuana market based on medical use, adult use covering the revenue growth of each sub-segment from 2018 to 2030.
- North America Legal Marijuana Market Application Outlook (Revenue, USD Million , 2018-2030)
- Medical Use
- Adult Use
- North America 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 continent-level data and insights on the North America Legal Marijuana Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Legal Marijuana Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
North America Legal Marijuana Market, 2018-2030 (US$M)
North America legal marijuana market statistics, by application, 2018-2030 (US$M)
