Medical Marijuana Market Size

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Report ID: 1370
Published Date: Dec 24, 2024
Report Format: PDF, PPT

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Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Medical Marijuana Market size was valued at USD 19.42 billion in 2024 and is set to exceed USD 246.82 billion by 2037, expanding at over 21.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of medical marijuana is evaluated at USD 22.99 billion.

The increased acceptability of the drug as a medicine and for usage by adults is anticipated to aid in the growth of the market. The product is being widely accepted as a pharmaceutical medicine as it helps in the treatment of several diseases.

The market for medical marijuana is anticipated to expand as the medicine is used in several medical conditions, therapies, and chronic diseases. Moreover, the medicine is also used by adults to get rid of chronic and severe pain.

Browse key industry insights with market data tables & charts from the report:

Medical Marijuana Market Size & Share, Growth Report 2037 [2025 Updated]

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of medical marijuana is evaluated at USD 22.99 billion.

Medical Marijuana Market size was valued at USD 19.42 billion in 2024 and is set to exceed USD 246.82 billion by 2037, expanding at over 21.6% CAGR during the forecast period i.e., between 2025-2037.

North America industry is likely to dominate majority revenue share by 2037, as a result of legalization of the drug in several parts of the region and increased knowledge of the medicinal properties of the drug.

The major players in the market are Aphria Inc., Canopy Growth Corp., Tilray, GW Pharmaceuticals plc, Aurora Cannabis, Maricann Group Inc., Lexaria Corp., Tikun Olam Ltd., United Cannabis Corp., and others.