Global Medical Marijuana Strategic Business Report 2024: Market to Reach $82.5 Billion by 2030, U.S. Market is Estimated at $9.9 Billion, While China is Forecast to Grow at 13.6% CAGR

Dublin, May 13, 2024 (GLOBE NEWSWIRE) -- The "Medical Marijuana - Global Strategic Business Report" report has been added to's offering.

Global Medical Marijuana Market to Reach $82.5 Billion by 2030

The global market for Medical Marijuana estimated at US$32.3 Billion in the year 2023, is projected to reach a revised size of US$82.5 Billion by 2030, growing at a CAGR of 14.3% over the analysis period 2023-2030.

Extract Form Marijuana, one of the segments analyzed in the report, is expected to record 14.6% CAGR and reach US$54.2 Billion by the end of the analysis period. Growth in the Dried Flower Marijuana segment is estimated at 13.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $9.9 Billion, While China is Forecast to Grow at 13.6% CAGR

The Medical Marijuana market in the U.S. is estimated at US$9.9 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$14.1 Billion by the year 2030 trailing a CAGR of 13.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.6% and 12.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 10.4% CAGR.

Key Attributes:

Report AttributeDetails
No. of Pages193
Forecast Period2023 - 2030
Estimated Market Value (USD) in 2023$32.3 Billion
Forecasted Market Value (USD) by 2030$82.5 Billion
Compound Annual Growth Rate14.3%
Regions CoveredGlobal


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  • Influencer Market Insights
  • World Market Trajectories
  • Medical Marijuana - Global Key Competitors Percentage Market Share in 2024 (E)
  • Global Economic Update
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)


  • ABcann Medicinals, Inc.
  • Aphria, Inc.
  • Aurora Cannabis, Inc.
  • Cannabis Sativa Inc.
  • Canopy Growth Corporation
  • Emerald Health Therapeutics Inc.
  • Green Relief Inc.
  • GW Pharmaceuticals
  • Insys Therapeutics, Inc.
  • Maricann Group, Inc.
  • mCig, Inc.
  • Medical Marijuana, Inc.
  • The Cronos Group Inc.
  • The Supreme Cannabis Company
  • Tilray
  • United Cannabis

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