Key Highlights
- The global legal marijuana market size was valued at USD 20.5 billion in 2020 and is projected to reach USD 73.6 billion by 2027
- In the United States, 18% of adults reported using marijuana in 2020
- The marijuana industry generated approximately $13.6 billion in sales in the U.S. in 2020
- The number of legal cannabis dispensaries in the United States reached over 3,600 in 2023
- Colorado generated over $423 million in marijuana tax revenue in 2022
- The U.S. marijuana market is expected to reach a value of $41.5 billion by 2025
- As of 2023, 21 states and Washington D.C. have legalized recreational marijuana
- Nearly 64% of Americans support marijuana legalization as of 2023
- The legal cannabis consumption rate among adults in Canada was approximately 20% in 2022
- The total number of cannabis-related jobs in the U.S. was over 428,000 in 2023
- The average price per gram of legal cannabis in the U.S. was approximately $10 in 2023
- The CBD market is expected to grow at a CAGR of 20.7% from 2021 to 2028
- The majority of legal cannabis sales in the U.S. are through dispensaries, accounting for roughly 80%
The explosive growth of the global legal marijuana industry, with its market value projected to reach over $73 billion by 2027, reflects a shifting societal landscape where nearly half of American adults have tried cannabis and over 70% of sales now occur through licensed dispensaries.
Consumer Behavior and Pricing
- Nearly 64% of Americans support marijuana legalization as of 2023
- The average price per gram of legal cannabis in the U.S. was approximately $10 in 2023
- The average THC content in legal cannabis flower increased from 15% in 2010 to 22% in 2021
- The average THC potency in edibles increased to about 10 mg per serving in legal markets by 2023
- The average retail price of legal cannabis in California was $319 per ounce in 2022
- The majority of new cannabis products launched in 2022 were edibles, accounting for about 45% of new product launches
- The average THC level in legal pre-rolls was approximately 21% in 2023
- Approximately 60% of U.S. cannabis consumers prefer flower over edibles or concentrates
- The ratio of male to female cannabis consumers in the U.S. is approximately 60:40
- The majority of cannabis consumers in legal markets are aged 25-44, accounting for about 55% of users
- The average THC content of concentrates has increased to around 75% in legal markets as of 2023
- The average legal cannabis flower contains about 22% THC as of 2023
- The majority of U.S. cannabis consumers are predominantly male, with 58% identifying as male
- The average cannabis product price in legal markets declined by about 10% between 2019 and 2022
- In the U.S., 42% of cannabis consumers prefer flower, 30% prefer edibles, and 15% prefer concentrates as of 2023
- The concentration of THC in legal concentrates increased to around 80% in 2023
- The percentage of Americans with a positive opinion of marijuana increased to 76% in 2023
- The average retail price of legal cannabis in Canada was CAD 7.50 per gram in 2022
Consumer Behavior and Pricing Interpretation
Industry Infrastructure and Licensing
- The number of legal cannabis dispensaries in the United States reached over 3,600 in 2023
- The total number of cannabis-related jobs in the U.S. was over 428,000 in 2023
- The majority of legal cannabis sales in the U.S. are through dispensaries, accounting for roughly 80%
- The total U.S. marijuana industry workforce grew by 33% in 2022
- The number of cannabis patents filed globally increased by 20% between 2020 and 2023
- The number of cannabis cultivation licenses issued in California exceeded 1,300 in 2023
- The average size of legal cannabis farms in the U.S. increased from 8 acres in 2019 to over 12 acres in 2022
- The legal cannabis industry created approximately 105,000 new jobs globally in 2022
- The number of cannabis retail licenses issued in New York exceeded 200 in 2023
- The number of cannabis-related businesses in the U.S. increased by 18% from 2021 to 2023
- The average number of cannabis plants cultivated per licensed grower in California is approximately 5,000 plants
- The number of cannabis conference attendees worldwide grew by 40% from 2019 to 2023
- The number of licensed cannabis growers in Canada reached over 1,200 in 2023
Industry Infrastructure and Licensing Interpretation
Legal Market Penetration and Usage
- In the United States, 18% of adults reported using marijuana in 2020
- As of 2023, 21 states and Washington D.C. have legalized recreational marijuana
- The legal cannabis consumption rate among adults in Canada was approximately 20% in 2022
- The number of registered medical cannabis patients in Illinois exceeded 130,000 as of 2023
- The percentage of U.S. adults who have tried cannabis at least once is approximately 49%
- As of 2023, 11 countries in Europe have fully legalized recreational cannabis
- In 2020, about 48% of U.S. adults aged 18-29 reported using marijuana in the past year
- The United States ranks first globally in cannabis consumption, with approximately 16.5% of adults aged 18+ having used marijuana in the past year
- Nearly 76% of the U.S. population lives in states with legal access to medical cannabis as of 2023
- The number of cannabis-related arrests in the U.S. decreased by 50% from 2010 to 2020
- The number of medical cannabis states in the U.S. reached 37 by 2023
- Over 70% of legal cannabis sales in the U.S. are through state-licensed dispensaries
- The use of cannabis for medicinal purposes is legal in over 40 countries worldwide
- The proportion of hemp-derived CBD products increased by 35% between 2019 and 2022
- The number of marijuana-related legislative bills introduced in U.S. states increased by 25% from 2018 to 2023
- Approximately 7% of U.S. adults used cannabis monthly in 2022
- Around 90% of cannabis in the U.S. is sold legally via licensed dispensaries
- The age group 45-64 accounts for approximately 25% of cannabis users in the U.S.
- The number of medical cannabis states in the U.S. has increased from 23 in 2010 to 37 in 2023
- The use of cannabis for medicinal purposes is legal in over 30 countries in Europe
Legal Market Penetration and Usage Interpretation
Market Size and Revenue
- The global legal marijuana market size was valued at USD 20.5 billion in 2020 and is projected to reach USD 73.6 billion by 2027
- The marijuana industry generated approximately $13.6 billion in sales in the U.S. in 2020
- Colorado generated over $423 million in marijuana tax revenue in 2022
- The U.S. marijuana market is expected to reach a value of $41.5 billion by 2025
- The CBD market is expected to grow at a CAGR of 20.7% from 2021 to 2028
- The illicit cannabis market in the U.S. was valued at around $17.5 billion in 2020
- California led the U.S. in legal marijuana sales with over $5 billion in revenue in 2022
- The global CBD product market was valued at USD 1.9 billion in 2020 and is projected to reach USD 9.3 billion by 2027
- The legal marijuana industry contributed over $66 million in taxes in Michigan in 2022
- The global hemp-derived CBD market is projected to reach USD 26.4 billion by 2027
- In 2022, Oregon's marijuana sales exceeded $1.1 billion, making it one of the top states by revenue
- The global medical marijuana market is expected to grow at a CAGR of 25.2% from 2023 to 2030
- The number of online cannabis sales in the U.S. increased by 30% in 2022
- The U.S. cannabis industry spent over $900 million on advertising and marketing in 2022
- In 2021, the legalization of recreational cannabis in Illinois resulted in over $520 million in sales in the first year alone
- California's legal recreational cannabis market generated over $1.7 billion in sales in 2022
- The global legal cannabis market is expected to grow at a CAGR of 25.3% from 2023 to 2030
- The cannabis industry’s total revenue in Canada was projected to reach CAD 4.5 billion in 2023
- The global medical marijuana market is expected to reach USD 21.3 billion by 2025
- The U.S. cannabis market saw a revenue increase of 28% from 2020 to 2022
Market Size and Revenue Interpretation
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