Switzerland Legal Marijuana Market Size & Outlook, 2023-2030
Switzerland Legal Marijuana Market, 2018-2030 (US$M)
Global Market
Related Markets
Switzerland legal marijuana market highlights
- The Switzerland legal marijuana market generated a revenue of USD 77.9 million in 2023 and is expected to reach USD 625.5 million by 2030.
- The Switzerland market is expected to grow at a CAGR of 34.7% 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 77.9 million |
| Market revenue in 2030 | USD 625.5 million |
| Growth rate | 34.7% (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
- In terms of revenue, Switzerland accounted for 0.4% of the global legal marijuana market in 2023.
- 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.
Switzerland is considered as one of the most progressive countries in Europe. The Swiss laws on cannabis possession and consumption have been relatively relaxed. In Switzerland, prevention and treatment are prioritized over criminalization of user.
Though medical marijuana is illegal in Switzerland, minor possession (less than 10grams) was decriminalized with levy a small fine. Similarly, Swiss laws for the sale of low amount of medical marijuana are tolerant than most other European countries where medical marijuana consumption and possession is illegal.
Sales of less than 4kg of cannabis does not result in a custodial sentence and can attract a fine depending upon the financial circumstances of the offender. In 2016, some cities in Switzerland such as Bern, Basel, Zurich, and Geneva announced that they planned to establish pilot cannabis clubs in an attempt to regulate and legalize the sale of cannabis.
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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 |
Switzerland 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 81.51% in 2023.
Horizon Databook has segmented the Switzerland legal marijuana market based on medical use, adult use covering the revenue growth of each sub-segment from 2018 to 2030.
Switzerland is considered as one of the most progressive countries in Europe. The Swiss laws on cannabis possession and consumption have been relatively relaxed. In Switzerland, prevention and treatment are prioritized over criminalization of user.
Though medical marijuana is illegal in Switzerland, minor possession (less than 10grams) was decriminalized with levy a small fine. Similarly, Swiss laws for the sale of low amount of medical marijuana are tolerant than most other European countries where medical marijuana consumption and possession is illegal.
Sales of less than 4kg of cannabis does not result in a custodial sentence and can attract a fine depending upon the financial circumstances of the offender. In 2016, some cities in Switzerland such as Bern, Basel, Zurich, and Geneva announced that they planned to establish pilot cannabis clubs in an attempt to regulate and legalize the sale of cannabis.
- Switzerland Legal Marijuana Market Application Outlook (Revenue, USD Million , 2018-2030)
- Medical Use
- Adult Use
- Switzerland 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 Switzerland Legal Marijuana Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Switzerland Legal Marijuana Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Switzerland Legal Marijuana Market, 2018-2030 (US$M)
Switzerland legal marijuana market statistics, by application, 2018-2030 (US$M)
