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Cannabis Market in US 2024-2028

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    Report

  • 122 Pages
  • July 2024
  • Region: United States
  • TechNavio
  • ID: 5850045
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The cannabis market in us is forecasted to grow by USD 89.50 billion during 2023-2028, accelerating at a CAGR of 32.14% during the forecast period. The report on the cannabis market in us provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing millennial population in key cannabis markets, increasing number of medical cannabis dispensaries, and health benefits of medical cannabis.

The cannabis market in us is segmented as below:

By Derivative Type

  • CBD
  • THC
  • Balanced THC and CBD

By Product

  • Medical
  • Recreational

By Geographical Landscape

  • North America
This study identifies the increase in funding for research and production of medical marijuana as one of the prime reasons driving the cannabis market in us growth during the next few years. Also, use of advanced techniques in cannabis cultivation and launch of medical cannabis education programs will lead to sizable demand in the market.

The report on the cannabis market in us covers the following areas:

  • Cannabis market in us sizing
  • Cannabis market in us forecast
  • Cannabis market in us industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cannabis market in us vendors that include Aurora Cannabis Inc., Canopy Growth Corp., Charlottes Web Holdings Inc., Columbia Care Inc., Cresco Labs LLC, Cronos Group Inc., Curaleaf Holdings Inc., Folium Biosciences, Green Roads., Jazz Pharmaceuticals Plc, Lexaria Bioscience Corp., Medical Marijuana Inc., MM Enterprises USA LLC, Pure Spectrum CBD, Sundial Growers Inc., Terrascend Canada, Tilray Brands Inc., Trulieve Cannabis Corp., Unrivaled Brands Inc., and Verano Holdings LLC. Also, the cannabis market in us analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Derivative Type
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ billion)
Data Table on US - Market size and forecast 2023-2028 ($ billion)
Chart on US: Year-over-year growth 2023-2028 (%)
Data Table on US: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Cannabis Market in US 2018 - 2022
Historic Market Size - Data Table on Cannabis Market in US 2018 - 2022 ($ billion)
4.2 Derivative Type segment analysis 2018 - 2022
Historic Market Size - Derivative Type Segment 2018 - 2022 ($ billion)
4.3 Product segment analysis 2018 - 2022
Historic Market Size - Product Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Derivative Type
6.1 Market segments
Chart on Derivative Type - Market share 2023-2028 (%)
Data Table on Derivative Type - Market share 2023-2028 (%)
6.2 Comparison by Derivative Type
Chart on Comparison by Derivative Type
Data Table on Comparison by Derivative Type
6.3 CBD - Market size and forecast 2023-2028
Chart on CBD - Market size and forecast 2023-2028 ($ billion)
Data Table on CBD - Market size and forecast 2023-2028 ($ billion)
Chart on CBD - Year-over-year growth 2023-2028 (%)
Data Table on CBD - Year-over-year growth 2023-2028 (%)
6.4 THC - Market size and forecast 2023-2028
Chart on THC - Market size and forecast 2023-2028 ($ billion)
Data Table on THC - Market size and forecast 2023-2028 ($ billion)
Chart on THC - Year-over-year growth 2023-2028 (%)
Data Table on THC - Year-over-year growth 2023-2028 (%)
6.5 Balanced THC and CBD - Market size and forecast 2023-2028
Chart on Balanced THC and CBD - Market size and forecast 2023-2028 ($ billion)
Data Table on Balanced THC and CBD - Market size and forecast 2023-2028 ($ billion)
Chart on Balanced THC and CBD - Year-over-year growth 2023-2028 (%)
Data Table on Balanced THC and CBD - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Derivative Type
Market opportunity by Derivative Type ($ billion)
Data Table on Market opportunity by Derivative Type ($ billion)
7 Market Segmentation by Product
7.1 Market segments
Chart on Product - Market share 2023-2028 (%)
Data Table on Product - Market share 2023-2028 (%)
7.2 Comparison by Product
Chart on Comparison by Product
Data Table on Comparison by Product
7.3 Medical - Market size and forecast 2023-2028
Chart on Medical - Market size and forecast 2023-2028 ($ billion)
Data Table on Medical - Market size and forecast 2023-2028 ($ billion)
Chart on Medical - Year-over-year growth 2023-2028 (%)
Data Table on Medical - Year-over-year growth 2023-2028 (%)
7.4 Recreational - Market size and forecast 2023-2028
Chart on Recreational - Market size and forecast 2023-2028 ($ billion)
Data Table on Recreational - Market size and forecast 2023-2028 ($ billion)
Chart on Recreational - Year-over-year growth 2023-2028 (%)
Data Table on Recreational - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Product
Market opportunity by Product ($ billion)
Data Table on Market opportunity by Product ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 Canopy Growth Corp.
Canopy Growth Corp. - Overview
Canopy Growth Corp. - Business segments
Canopy Growth Corp. - Key news
Canopy Growth Corp. - Key offerings
Canopy Growth Corp. - Segment focus
11.4 Charlottes Web Holdings Inc.
Charlottes Web Holdings Inc. - Overview
Charlottes Web Holdings Inc. - Product / Service
Charlottes Web Holdings Inc. - Key news
Charlottes Web Holdings Inc. - Key offerings
11.5 Columbia Care Inc.
Columbia Care Inc. - Overview
Columbia Care Inc. - Product / Service
Columbia Care Inc. - Key offerings
11.6 Cresco Labs LLC
Cresco Labs LLC - Overview
Cresco Labs LLC - Product / Service
Cresco Labs LLC - Key offerings
11.7 Cronos Group Inc.
Cronos Group Inc. - Overview
Cronos Group Inc. - Business segments
Cronos Group Inc. - Key news
Cronos Group Inc. - Key offerings
Cronos Group Inc. - Segment focus
11.8 Curaleaf Holdings Inc.
Curaleaf Holdings Inc. - Overview
Curaleaf Holdings Inc. - Product / Service
Curaleaf Holdings Inc. - Key offerings
11.9 Folium Biosciences
Folium Biosciences - Overview
Folium Biosciences - Product / Service
Folium Biosciences - Key offerings
11.10 Green Roads Inc.
Green Roads Inc. - Overview
Green Roads Inc. - Product / Service
Green Roads Inc. - Key offerings
11.11 Lexaria Bioscience Corp.
Lexaria Bioscience Corp. - Overview
Lexaria Bioscience Corp. - Business segments
Lexaria Bioscience Corp. - Key offerings
Lexaria Bioscience Corp. - Segment focus
11.12 Medical Marijuana Inc.
Medical Marijuana Inc. - Overview
Medical Marijuana Inc. - Product / Service
Medical Marijuana Inc. - Key offerings
11.13 MM Enterprises USA LLC
MM Enterprises USA LLC - Overview
MM Enterprises USA LLC - Product / Service
MM Enterprises USA LLC - Key offerings
11.14 Tilray Brands Inc.
Tilray Brands Inc. - Overview
Tilray Brands Inc. - Business segments
Tilray Brands Inc. - Key news
Tilray Brands Inc. - Key offerings
Tilray Brands Inc. - Segment focus
11.15 Trulieve Cannabis Corp.
Trulieve Cannabis Corp. - Overview
Trulieve Cannabis Corp. - Product / Service
Trulieve Cannabis Corp. - Key offerings
11.16 Unrivaled Brands Inc.
Unrivaled Brands Inc. - Overview
Unrivaled Brands Inc. - Business segments
Unrivaled Brands Inc. - Key offerings
Unrivaled Brands Inc. - Segment focus
11.17 Verano Holdings LLC
Verano Holdings LLC - Overview
Verano Holdings LLC - Business segments
Verano Holdings LLC - Key offerings
Verano Holdings LLC - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
12.9 360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Derivative Type
Exhibits 5: Executive Summary - Chart on Market Segmentation by Product
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Parent Market
Exhibits 8: Data Table on - Parent Market
Exhibits 9: Market characteristics analysis
Exhibits 10: Value Chain Analysis
Exhibits 11: Offerings of companies included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibits 14: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibits 15: Chart on US: Year-over-year growth 2023-2028 (%)
Exhibits 16: Data Table on US: Year-over-year growth 2023-2028 (%)
Exhibits 17: Historic Market Size - Data Table on Cannabis Market in US 2018 - 2022 ($ billion)
Exhibits 18: Historic Market Size - Derivative Type Segment 2018 - 2022 ($ billion)
Exhibits 19: Historic Market Size - Product Segment 2018 - 2022 ($ billion)
Exhibits 20: Five forces analysis - Comparison between 2023 and 2028
Exhibits 21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 26: Chart on Market condition - Five forces 2023 and 2028
Exhibits 27: Chart on Derivative Type - Market share 2023-2028 (%)
Exhibits 28: Data Table on Derivative Type - Market share 2023-2028 (%)
Exhibits 29: Chart on Comparison by Derivative Type
Exhibits 30: Data Table on Comparison by Derivative Type
Exhibits 31: Chart on CBD - Market size and forecast 2023-2028 ($ billion)
Exhibits 32: Data Table on CBD - Market size and forecast 2023-2028 ($ billion)
Exhibits 33: Chart on CBD - Year-over-year growth 2023-2028 (%)
Exhibits 34: Data Table on CBD - Year-over-year growth 2023-2028 (%)
Exhibits 35: Chart on THC - Market size and forecast 2023-2028 ($ billion)
Exhibits 36: Data Table on THC - Market size and forecast 2023-2028 ($ billion)
Exhibits 37: Chart on THC - Year-over-year growth 2023-2028 (%)
Exhibits 38: Data Table on THC - Year-over-year growth 2023-2028 (%)
Exhibits 39: Chart on Balanced THC and CBD - Market size and forecast 2023-2028 ($ billion)
Exhibits 40: Data Table on Balanced THC and CBD - Market size and forecast 2023-2028 ($ billion)
Exhibits 41: Chart on Balanced THC and CBD - Year-over-year growth 2023-2028 (%)
Exhibits 42: Data Table on Balanced THC and CBD - Year-over-year growth 2023-2028 (%)
Exhibits 43: Market opportunity by Derivative Type ($ billion)
Exhibits 44: Data Table on Market opportunity by Derivative Type ($ billion)
Exhibits 45: Chart on Product - Market share 2023-2028 (%)
Exhibits 46: Data Table on Product - Market share 2023-2028 (%)
Exhibits 47: Chart on Comparison by Product
Exhibits 48: Data Table on Comparison by Product
Exhibits 49: Chart on Medical - Market size and forecast 2023-2028 ($ billion)
Exhibits 50: Data Table on Medical - Market size and forecast 2023-2028 ($ billion)
Exhibits 51: Chart on Medical - Year-over-year growth 2023-2028 (%)
Exhibits 52: Data Table on Medical - Year-over-year growth 2023-2028 (%)
Exhibits 53: Chart on Recreational - Market size and forecast 2023-2028 ($ billion)
Exhibits 54: Data Table on Recreational - Market size and forecast 2023-2028 ($ billion)
Exhibits 55: Chart on Recreational - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on Recreational - Year-over-year growth 2023-2028 (%)
Exhibits 57: Market opportunity by Product ($ billion)
Exhibits 58: Data Table on Market opportunity by Product ($ billion)
Exhibits 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 60: Impact of drivers and challenges in 2023 and 2028
Exhibits 61: Overview on criticality of inputs and factors of differentiation
Exhibits 62: Overview on factors of disruption
Exhibits 63: Impact of key risks on business
Exhibits 64: Companies covered
Exhibits 65: Matrix on companies position and classification
Exhibits 66: Canopy Growth Corp. - Overview
Exhibits 67: Canopy Growth Corp. - Business segments
Exhibits 68: Canopy Growth Corp. - Key news
Exhibits 69: Canopy Growth Corp. - Key offerings
Exhibits 70: Canopy Growth Corp. - Segment focus
Exhibits 71: Charlottes Web Holdings Inc. - Overview
Exhibits 72: Charlottes Web Holdings Inc. - Product / Service
Exhibits 73: Charlottes Web Holdings Inc. - Key news
Exhibits 74: Charlottes Web Holdings Inc. - Key offerings
Exhibits 75: Columbia Care Inc. - Overview
Exhibits 76: Columbia Care Inc. - Product / Service
Exhibits 77: Columbia Care Inc. - Key offerings
Exhibits 78: Cresco Labs LLC - Overview
Exhibits 79: Cresco Labs LLC - Product / Service
Exhibits 80: Cresco Labs LLC - Key offerings
Exhibits 81: Cronos Group Inc. - Overview
Exhibits 82: Cronos Group Inc. - Business segments
Exhibits 83: Cronos Group Inc. - Key news
Exhibits 84: Cronos Group Inc. - Key offerings
Exhibits 85: Cronos Group Inc. - Segment focus
Exhibits 86: Curaleaf Holdings Inc. - Overview
Exhibits 87: Curaleaf Holdings Inc. - Product / Service
Exhibits 88: Curaleaf Holdings Inc. - Key offerings
Exhibits 89: Folium Biosciences - Overview
Exhibits 90: Folium Biosciences - Product / Service
Exhibits 91: Folium Biosciences - Key offerings
Exhibits 92: Green Roads Inc. - Overview
Exhibits 93: Green Roads Inc. - Product / Service
Exhibits 94: Green Roads Inc. - Key offerings
Exhibits 95: Lexaria Bioscience Corp. - Overview
Exhibits 96: Lexaria Bioscience Corp. - Business segments
Exhibits 97: Lexaria Bioscience Corp. - Key offerings
Exhibits 98: Lexaria Bioscience Corp. - Segment focus
Exhibits 99: Medical Marijuana Inc. - Overview
Exhibits 100: Medical Marijuana Inc. - Product / Service
Exhibits 101: Medical Marijuana Inc. - Key offerings
Exhibits 102: MM Enterprises USA LLC - Overview
Exhibits 103: MM Enterprises USA LLC - Product / Service
Exhibits 104: MM Enterprises USA LLC - Key offerings
Exhibits 105: Tilray Brands Inc. - Overview
Exhibits 106: Tilray Brands Inc. - Business segments
Exhibits 107: Tilray Brands Inc. - Key news
Exhibits 108: Tilray Brands Inc. - Key offerings
Exhibits 109: Tilray Brands Inc. - Segment focus
Exhibits 110: Trulieve Cannabis Corp. - Overview
Exhibits 111: Trulieve Cannabis Corp. - Product / Service
Exhibits 112: Trulieve Cannabis Corp. - Key offerings
Exhibits 113: Unrivaled Brands Inc. - Overview
Exhibits 114: Unrivaled Brands Inc. - Business segments
Exhibits 115: Unrivaled Brands Inc. - Key offerings
Exhibits 116: Unrivaled Brands Inc. - Segment focus
Exhibits 117: Verano Holdings LLC - Overview
Exhibits 118: Verano Holdings LLC - Business segments
Exhibits 119: Verano Holdings LLC - Key offerings
Exhibits 120: Verano Holdings LLC - Segment focus
Exhibits 121: Inclusions checklist
Exhibits 122: Exclusions checklist
Exhibits 123: Currency conversion rates for US$
Exhibits 124: Research methodology
Exhibits 125: Information sources
Exhibits 126: Data validation
Exhibits 127: Validation techniques employed for market sizing
Exhibits 128: Data synthesis
Exhibits 129: 360 degree market analysis
Exhibits 130: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the cannabis market in US: Aurora Cannabis Inc., Canopy Growth Corp., Charlottes Web Holdings Inc., Columbia Care Inc., Cresco Labs LLC, Cronos Group Inc., Curaleaf Holdings Inc., Folium Biosciences, Green Roads., Jazz Pharmaceuticals PLC, Lexaria Bioscience Corp., Medical Marijuana Inc., MM Enterprises USA LLC, Pure Spectrum CBD, Sundial Growers Inc., Terrascend Canada, Tilray Brands Inc., Trulieve Cannabis Corp., Unrivaled Brands Inc., and Verano Holdings LLC.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increase in funding for research and production of medical marijuana."

According to the report, one of the major drivers for this market is the growing millennial population in key cannabis markets.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Aurora Cannabis Inc.
  • Canopy Growth Corp.
  • Charlottes Web Holdings Inc.
  • Columbia Care Inc.
  • Cresco Labs LLC
  • Cronos Group Inc.
  • Curaleaf Holdings Inc.
  • Folium Biosciences
  • Green Roads.
  • Jazz Pharmaceuticals Plc
  • Lexaria Bioscience Corp.
  • Medical Marijuana Inc.
  • MM Enterprises USA LLC
  • Pure Spectrum CBD
  • Sundial Growers Inc.
  • Terrascend Canada
  • Tilray Brands Inc.
  • Trulieve Cannabis Corp.
  • Unrivaled Brands Inc.
  • Verano Holdings LLC