+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Recreational Cannabis Global Market Report 2024

  • PDF Icon

    Report

  • 175 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5895337
The recreational cannabis market size has grown strongly in recent years. It will grow from $1.98 billion in 2023 to $2.12 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the past period can be attributed to changing societal perceptions, the economic impact and generated tax revenue, the emergence of medical cannabis as a precursor, and the development of the cannabis tourism and hospitality industry.

The recreational cannabis market size is expected to see strong growth in the next few years. It will grow to $2.83 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The anticipated growth in the upcoming period can be linked to the expanding global legalization of cannabis, ongoing innovations in cannabis product diversity, the integration of cannabis into mainstream culture, the increasing emphasis on health and wellness trends, and continued research and development in cannabinoids. Noteworthy trends in the forecast period encompass a strong focus on wellness and health aspects, the adoption of sustainability practices, ongoing regulatory advancements, the emergence of social consumption spaces, as well as increased collaborations and partnerships within the industry.

The anticipated rise in the prevalence of neurological disorders is set to drive the growth of the recreational cannabis market. Neurological disorders, which affect the central and peripheral nervous systems, encompass conditions involving the spinal cord, nerves, and the brain. Common types include Alzheimer's disease, epilepsy, seizures, and Parkinson's disease. Cannabis has shown efficacy in treating neurological conditions by regulating calcium homeostasis and reducing neuroinflammation. For example, a December 2022 report from the Parkinson's Foundation, a US-based non-profit organization focused on Parkinson's disease, revealed an increase in the Parkinson's disease incidence rate to nearly 90,000 diagnoses per year, up from previous estimates of 60,000 yearly diagnoses. Consequently, the growing prevalence of neurological disorders is a significant factor propelling the growth of the recreational cannabis market.

The shifting societal attitudes toward cannabis use are poised to contribute to the expansion of the recreational cannabis market. These attitudes encompass prevailing perceptions, beliefs, and opinions within a community or society regarding the acceptance, legality, and social norms surrounding cannabis consumption. Notably, a survey conducted by the Pew Research Center in October 2022 revealed that a significant 88% of U.S. adults expressed a preference for the legalization of marijuana. Specifically, 59% advocated for its legalization for both medical and recreational purposes, while 30% supported legalization solely for medical use. This evolving acceptance of cannabis within society is a driving force behind the growth of the recreational cannabis market.

The prominence of product innovations has risen as a key trend, with major companies strategically focusing on the development of innovative products to reinforce their market standing. Illustratively, in June 2023, Aurora Cannabis Inc., a licensed cannabis producer based in Canada, introduced a range of innovative recreational cannabis products. This lineup includes Lil' Bits Sour Grape and Sour Watermelon (10 x 1mg edibles), Mango XL Vape, Signature Hash, among others. The Lil' Bits Sour Grape and Sour Watermelon Low Dose Edibles offer delectable flavors in a snackable form, catering to novice users or those interested in micro-dosing. These products feature crowd-pleasing, nostalgic flavors with minimal to no aftertaste from cannabis. Mango XL Vape (510–1.2g) utilizes a unique blend of quality resin enriched with botanical terpenes, providing a full-spectrum and full-flavor vaping experience. The Signature Hash (2g) represents a groundbreaking bubble hash blend, setting new standards for malleability and burnability.

Major companies within the recreational cannabis market are also channeling their efforts into innovative methods, such as online platforms and delivery services, to solidify their market position. Online platforms and delivery services contribute to enhanced accessibility, convenience, and efficiency within the recreational cannabis sector, aligning with the digital age. As an example, in August 2023, Canterra, a US-based company, initiated licensed cannabis delivery in Western New York. Their online platform enables customers in various counties to explore and purchase adult-use recreational cannabis. With a focus on customer education, Canterra aims to revolutionize the cannabis shopping experience by offering a user-friendly interface, an extensive product catalog, and a seamless purchasing process. This strategic approach reflects the industry's commitment to leveraging technology and convenience to meet evolving consumer demands.

In June 2023, Tilray Brands, a prominent cannabis and beverage alcohol company based in the US, completed the acquisition of Hexo Corporation for an estimated $56 million. This strategic move enhances Tilray's market dominance in Canada's cannabis sector, enabling the combined entity to maximize sales, refine marketing strategies, and bolster distribution networks. This acquisition aims to fortify Tilray's commercial presence and expedite its expansion in capturing a larger market share. Hexo Corporation, the acquired entity, is a renowned Canadian recreational cannabis producer.

Major companies operating in the recreational cannabis market report are The Cronos Group, Verano Holdings, Cresco Labs Inc., SNDL Inc., Medical Marijuana Inc., Tilray Inc., 22nd Century Group, Aurora Cannabis Inc., Canopy Growth Corporation, Columbia Care, PharmaCann Inc., Perrigo, Village Farms International Inc, Indiva Limited, VIVO Cannabis Inc., TerrAscend Corp., Acreage Holdings, HEXO Corp, 4Front Ventures, C3 Industries, TILT Holdings, Maricann Inc., Organigram Holding Inc., Ascend Wellness Holdings, Curaleaf Holdings Inc., Trulieve Cannabis, Green Thumb Industries, Geron Corporation.

North America was the largest region in the recreational cannabis market in 2023. The regions covered in the recreational cannabis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the recreational cannabis market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The range of products within recreational cannabis includes oils, transdermal patches, tablets, capsules, vapes, suppositories, tinctures, creams, edibles, and more. Oil, in this context, represents a diverse array of compounds characterized by their unctuous, viscous, flammable nature, liquid state at room temperature, and solubility in ether or alcohol but not water. These compounds predominantly contain tetrahydrocannabinol (THC), cannabidiol (CBD), or a balanced combination of both, administered orally, topically, through inhalation, rectally, or sublingually. These applications cover a spectrum including chronic pain, cancer, mental health conditions, sleep management, among others. End users encompass pharmaceuticals, food and beverage, tobacco, personal care, as well as research and development entities.

The recreational cannabis market research report is one of a series of new reports that provides recreational cannabis market statistics, including recreational cannabis industry global market size, regional shares, competitors with a recreational cannabis market share, detailed recreational cannabis market segments, market trends and opportunities, and any further data you may need to thrive in the recreational cannabis industry. This recreational cannabis market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The recreational cannabis market consists of sales of cannabis indica and cannabis sativa. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).


The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.

Table of Contents

1. Executive Summary2. Recreational Cannabis Market Characteristics3. Recreational Cannabis Market Trends and Strategies
4. Recreational Cannabis Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Recreational Cannabis Market Size and Growth
5.1. Global Recreational Cannabis Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Recreational Cannabis Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Recreational Cannabis Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Recreational Cannabis Market Segmentation
6.1. Global Recreational Cannabis Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Oils
  • Transdermal Patches
  • Tablets
  • Capsule
  • Vape
  • Suppositories
  • Tinctures
  • Creams
  • Edibles
  • Other Products
6.2. Global Recreational Cannabis Market, Segmentation by Compound, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Tetrahydrocannabinol (THC) Dominant
  • Cannabidiol (CBD) Dominant
  • Balanced Tetrahydrocannabinol (THC)
6.3. Global Recreational Cannabis Market, Segmentation by Administration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Oral
  • Topical
  • Inhalation
  • Rectal
  • Sublingual
6.4. Global Recreational Cannabis Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Chronic Pain
  • Cancer
  • Mental Disorder
  • Sleep Management
  • Other Applications
6.5. Global Recreational Cannabis Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Pharmaceuticals
  • Food
  • Beverages
  • Tobacco
  • Personal care
  • Research and Development Center
7. Recreational Cannabis Market Regional and Country Analysis
7.1. Global Recreational Cannabis Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Recreational Cannabis Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Recreational Cannabis Market
8.1. Asia-Pacific Recreational Cannabis Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Recreational Cannabis Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Recreational Cannabis Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Recreational Cannabis Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Recreational Cannabis Market
9.1. China Recreational Cannabis Market Overview
9.2. China Recreational Cannabis Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Recreational Cannabis Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Recreational Cannabis Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Recreational Cannabis Market
10.1. India Recreational Cannabis Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Recreational Cannabis Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Recreational Cannabis Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Recreational Cannabis Market
11.1. Japan Recreational Cannabis Market Overview
11.2. Japan Recreational Cannabis Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Recreational Cannabis Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Recreational Cannabis Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Recreational Cannabis Market
12.1. Australia Recreational Cannabis Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Recreational Cannabis Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Recreational Cannabis Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Recreational Cannabis Market
13.1. Indonesia Recreational Cannabis Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Recreational Cannabis Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Recreational Cannabis Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Recreational Cannabis Market
14.1. South Korea Recreational Cannabis Market Overview
14.2. South Korea Recreational Cannabis Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Recreational Cannabis Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Recreational Cannabis Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Recreational Cannabis Market
15.1. Western Europe Recreational Cannabis Market Overview
15.2. Western Europe Recreational Cannabis Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Recreational Cannabis Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Recreational Cannabis Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Recreational Cannabis Market
16.1. UK Recreational Cannabis Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Recreational Cannabis Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Recreational Cannabis Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Recreational Cannabis Market
17.1. Germany Recreational Cannabis Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Recreational Cannabis Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Recreational Cannabis Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Recreational Cannabis Market
18.1. France Recreational Cannabis Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Recreational Cannabis Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Recreational Cannabis Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Recreational Cannabis Market
19.1. Italy Recreational Cannabis Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Recreational Cannabis Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Recreational Cannabis Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Recreational Cannabis Market
20.1. Spain Recreational Cannabis Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Recreational Cannabis Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Recreational Cannabis Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Recreational Cannabis Market
21.1. Eastern Europe Recreational Cannabis Market Overview
21.2. Eastern Europe Recreational Cannabis Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Recreational Cannabis Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Recreational Cannabis Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Recreational Cannabis Market
22.1. Russia Recreational Cannabis Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Recreational Cannabis Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Recreational Cannabis Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Recreational Cannabis Market
23.1. North America Recreational Cannabis Market Overview
23.2. North America Recreational Cannabis Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Recreational Cannabis Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Recreational Cannabis Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Recreational Cannabis Market
24.1. USA Recreational Cannabis Market Overview
24.2. USA Recreational Cannabis Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Recreational Cannabis Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Recreational Cannabis Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Recreational Cannabis Market
25.1. Canada Recreational Cannabis Market Overview
25.2. Canada Recreational Cannabis Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Recreational Cannabis Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Recreational Cannabis Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Recreational Cannabis Market
26.1. South America Recreational Cannabis Market Overview
26.2. South America Recreational Cannabis Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Recreational Cannabis Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Recreational Cannabis Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Recreational Cannabis Market
27.1. Brazil Recreational Cannabis Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Recreational Cannabis Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Recreational Cannabis Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Recreational Cannabis Market
28.1. Middle East Recreational Cannabis Market Overview
28.2. Middle East Recreational Cannabis Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Recreational Cannabis Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Recreational Cannabis Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Recreational Cannabis Market
29.1. Africa Recreational Cannabis Market Overview
29.2. Africa Recreational Cannabis Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Recreational Cannabis Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Recreational Cannabis Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Recreational Cannabis Market Competitive Landscape and Company Profiles
30.1. Recreational Cannabis Market Competitive Landscape
30.2. Recreational Cannabis Market Company Profiles
30.2.1. The Cronos Group
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Verano Holdings
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Cresco Labs Inc.
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. SNDL Inc.
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Medical Marijuana Inc.
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Recreational Cannabis Market Other Major and Innovative Companies
31.1. Tilray Inc.
31.2. 22nd Century Group
31.3. Aurora Cannabis Inc.
31.4. Canopy Growth Corporation
31.5. Columbia Care
31.6. PharmaCann Inc.
31.7. Perrigo
31.8. Village Farms International Inc
31.9. Indiva Limited
31.10. VIVO Cannabis Inc.
31.11. TerrAscend Corp.
31.12. Acreage Holdings
31.13. HEXO Corp
31.14. 4Front Ventures
31.15. C3 Industries
32. Global Recreational Cannabis Market Competitive Benchmarking33. Global Recreational Cannabis Market Competitive Dashboard34. Key Mergers and Acquisitions in the Recreational Cannabis Market
35. Recreational Cannabis Market Future Outlook and Potential Analysis
35.1 Recreational Cannabis Market in 2028 - Countries Offering Most New Opportunities
35.2 Recreational Cannabis Market in 2028 - Segments Offering Most New Opportunities
35.3 Recreational Cannabis Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Recreational Cannabis Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on recreational cannabis market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for recreational cannabis? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Product: Oils; Transdermal Patches; Tablets; Capsule; Vape; Suppositories; Tinctures; Creams; Edibles; Other Products
2) By Compound: Tetrahydrocannabinol (THC) Dominant; Cannabidiol (CBD) Dominant; Balanced Tetrahydrocannabinol (THC)
3) By Administration: Oral; Topical; Inhalation; Rectal; Sublingual
4) By Application: Chronic Pain; Cancer; Mental Disorder; Sleep Management; Other Applications
5) By End-users: Pharmaceuticals; Food; Beverages; Tobacco; Personal care; Research and Development Center

Key Companies Mentioned: The Cronos Group; Verano Holdings; Cresco Labs Inc.; SNDL Inc.; Medical Marijuana Inc.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned

  • The Cronos Group
  • Verano Holdings
  • Cresco Labs Inc.
  • SNDL Inc.
  • Medical Marijuana Inc.
  • Tilray Inc.
  • 22nd Century Group
  • Aurora Cannabis Inc.
  • Canopy Growth Corporation
  • Columbia Care
  • PharmaCann Inc.
  • Perrigo
  • Village Farms International Inc
  • Indiva Limited
  • VIVO Cannabis Inc.
  • TerrAscend Corp.
  • Acreage Holdings
  • HEXO Corp
  • 4Front Ventures
  • C3 Industries
  • TILT Holdings
  • Maricann Inc.
  • Organigram Holding Inc.
  • Ascend Wellness Holdings
  • Curaleaf Holdings Inc.
  • Trulieve Cannabis
  • Green Thumb Industries
  • Geron Corporation.

Methodology

Loading
LOADING...

Table Information