Towards Healthcare
Legal Marijuana Market
Updated Date: 17 November 2025   |   Report Code: 5106
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Legal Marijuana Market Fuels Growth with Rising Demand

Market insights predict the global legal marijuana industry will increase from USD 40.24 billion in 2025 to USD 154.5 billion by 2035, achieving a CAGR of 14.4%. In 2023, flower buds led the market with a 51% share, showcasing their lasting appeal. Medical marijuana for pain management held 28%, underscoring its therapeutic value. North America dominated with a 70% share, reinforcing its stronghold in the industry.

Last Updated : 17 November 2025 Category: Therapeutic Area Insight Code: 5106 Format: PDF / PPT / Excel

Content

Introduction

  • Research Objective
  • Scope of the Study
  • Definition and Taxonomy

Research Methodology

  • Research Approach
  • Data Sources
  • Assumptions

Executive Summary

  • Synopsis
  • Analyst Recommendations

Market Overview 

  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Value Chain Analysis
    • Raw Material Sourcing
    • Manufacturing Process
    • Logistics & Transportation
    • Buyer Preferences
  • Trends
    • Market Trends
    • Technological Trends
  • Porter’s Five Forces Analysis
    • Bargaining Power of Suppliers
    • Bargaining Power of Buyers
    • Threat of Substitute
    • Threat of New Entrants
    • Degree of Competition
  • PESTLE Analysis for 5 Leading Countries
    • Regulatory Framework for Leading Countries/Regions
    • Supply Demand Analysis
    • Production & Consumption Statistics
    • Export Import Statistics
    • Price Trend Analysis
  • Overview
  • Global Legal Marijuana Market Size Value (US$) and Volume (Billion Tons), by Product Type (2021 – 2033)
    • Flower Buds
    • Oils
    • Tinctures
    • Others
  • Global Legal Marijuana Market Size Value (US$) and Volume (Billion Tons), by Application (2021 – 2033)
    • Medical
      • Pain Management
      • Neurological Disorders
      • Mental Health
      • Gastrointestinal Disorders
      • Cancer Support
      • Others
    • Recreational
  • Global Legal Marijuana Market Size Value (US$) and Volume (Billion Tons), by Geography (2021 – 2033)
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa

North America Legal Marijuana Market Assessment

  • Overview
  • North America Legal Marijuana Market Size Value (US$) and Volume (Billion Tons), by Product Type (2021 – 2033)
    • Flower Buds
    • Oils
    • Tinctures
    • Others
  • North America Legal Marijuana Market Size Value (US$) and Volume (Billion Tons), by Application (2021 – 2033)
    • Medical
      • Pain Management
      • Neurological Disorders
      • Mental Health
      • Gastrointestinal Disorders
      • Cancer Support
      • Others
    • Recreational

Europe Legal Marijuana Market Assessment

  • Overview
  • Europe Legal Marijuana Market Size Value (US$) and Volume (Billion Tons), by Product Type (2021 – 2033)
    • Flower Buds
    • Oils
    • Tinctures
    • Others
  • Europe Legal Marijuana Market Size Value (US$) and Volume (Billion Tons), by Application (2021 – 2033)
    • Medical
      • Pain Management
      • Neurological Disorders
      • Mental Health
      • Gastrointestinal Disorders
      • Cancer Support
      • Others
    • Recreational

Asia Pacific Legal Marijuana Market Assessment

  • Overview
  • Asia Pacific Legal Marijuana Market Size Value (US$) and Volume (Billion Tons), by Product Type (2021 – 2033)
    • Flower Buds
    • Oils
    • Tinctures
    • Others
  • Asia Pacific Legal Marijuana Market Size Value (US$) and Volume (Billion Tons), by Application (2021 – 2033)
    • Medical
      • Pain Management
      • Neurological Disorders
      • Mental Health
      • Gastrointestinal Disorders
      • Cancer Support
      • Others
    • Recreational

Latin America Legal Marijuana Market Assessment

  • Overview
  • Latin America Legal Marijuana Market Size Value (US$) and Volume (Billion Tons), by Product Type (2021 – 2033)
    • Flower Buds
    • Oils
    • Tinctures
    • Others
  • Latin America Legal Marijuana Market Size Value (US$) and Volume (Billion Tons), by Application (2021 – 2033)
    • Medical
      • Pain Management
      • Neurological Disorders
      • Mental Health
      • Gastrointestinal Disorders
      • Cancer Support
      • Others
    • Recreational

Middle East and Africa Legal Marijuana Market Assessment

  • Overview
  • Middle East and Africa Legal Marijuana Market Size Value (US$) and Volume (Billion Tons), by Product Type (2021 – 2033)
    • Flower Buds
    • Oils
    • Tinctures
    • Others
  • Middle East and Africa Legal Marijuana Market Size Value (US$) and Volume (Billion Tons), by Application (2021 – 2033)
    • Medical
      • Pain Management
      • Neurological Disorders
      • Mental Health
      • Gastrointestinal Disorders
      • Cancer Support
      • Others
    • Recreational

Company Profiles

  • Curaleaf Holdings Inc.
    • Company Overview
    • Geographic Footprints
    • Financial Performance
    • Product Portfolio
    • SWOT Analysis
    • R&D Efforts
    • Recent Developments & Strategic Collaborations
      • Product Launch/M&A/Technical Collaboration
  • Green Thumb Industries Inc.
  • Canopy Growth Corporation
  • Aurora Cannabis Inc.
  • Maricann Inc.
  • Jazz Pharmaceuticals, Inc.
  • Organigram Holdings Inc.
  • Controlled Environments Limited
  • Lexaria Bioscience
  • Tikun Olam

Conclusion & Recommendations

FAQ's

Answer : The legal marijuana market is projected to surge from USD 40.24 billion in 2025 to USD 154.5 billion by 2035, growing steadily at a CAGR of 14.4%.

Answer : North America currently dominates the legal marijuana market with the highest share, while Asia-Pacific is expected to experience the fastest growth through 2035.

Answer : The rising demand for marijuana in pain management is driven by its proven effectiveness, regulatory support, societal acceptance, ongoing research, and expanding product innovation.
Any Questions

Meet the Team

Deepa Pandey is a focused and detail-oriented market research professional with growing expertise in the healthcare sector, delivering high-quality insights across therapeutic areas, diagnostics, biotechnology and healthcare services.

Learn more about Deepa Pandey

Aditi Shivarkar is a seasoned professional with over 14 years of experience in healthcare market research. As a content reviewer, Aditi ensures the quality and accuracy of all market insights and data presented by the research team.

Learn more about Aditi Shivarkar