The global cannabis market is projected to jump from $59.6 billion in 2025 to $132.9 billion by 2030, a compound annual growth rate of 17.4%, according to the latest “Cannabis Market – Forecasts from 2025 to 2030” report added to ResearchAndMarkets.com.
Growth Drivers
Rapid expansion stems from increasing legalization for medicinal use across multiple jurisdictions and broader acceptance of adult‑use programs, which unlocks new revenue streams and expands the customer base.
Geographic Reach
The report covers the worldwide market, segmenting by type, end‑user, component and region. North America remains the largest contributor, while Europe and Asia‑Pacific show the fastest growth rates as countries adopt medicinal frameworks and refine regulatory structures.
Product and End‑User Segments
Flower and buds dominate sales, followed by concentrates, while medical applications drive the largest end‑user segment, complemented by recreational and industrial hemp markets.
Component Breakdown
THC‑dominant products lead the market, though balanced THC‑CBD and CBD‑dominant varieties are gaining traction as consumers seek varied therapeutic profiles.
Report Highlights
The study comprises 142 pages and provides a forecast period from 2025 to 2030, projecting a 2025 market value of $59.6 billion and a 2030 value of $132.9 billion, with a 17.4% CAGR, according to the research team.
Regulatory Landscape
Previous restrictions have limited industry growth, but the surge in medicinal and adult‑use legalization worldwide is removing barriers and accelerating market expansion.
Outlook
Analysts expect the sector to continue outpacing many traditional agricultural markets, with opportunities emerging in product innovation, geographic expansion and compliance solutions as the legal framework matures.
