Legal Marijuana Market would rise to USD 127.49 million by 2030

Published October 10, 2023

Every possible effort has been made when research and analysis is performed to prepare Legal Marijuana Market research report. DBMR team players are multi-lingual analysts and project managers who are skilled to serve clients on every strategic aspect including product development, key areas of development, application modeling, use of technologies, acquisition strategies, exploring niche growth opportunities and new markets. The wide ranging Legal Marijuana Market report makes thrive in the competitive market by giving the knowhow of consumer’s demands, preferences, attitudes and their changing tastes about the specific product.

In the past few years, the use of marijuana as a recreational drug has been proven in many countries. Countries such as Uruguay, Canada, and numerous U.S. states have legalized the production, sale, and ownership of marijuana for medical and recreational usage. Several studies were carried out, which showed that medical marijuana and its derivatives could be used to treat symptoms of numerous diseases such as chemotherapy-induced nausea, chronic pain, Parkinson’s, Alzheimer’s, and other neurological diseases.

Data Bridge Market Research analyses that the legal marijuana market, which was USD 27.7 billion in 2022, would rise to USD 127.49 million by 2030 and is expected to undergo a CAGR of 21% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Marijuana signifies the dried leaves, stems, flowers, and seeds from the cannabis sativa or cannabis indica plant. It is also commonly known as cannabis. This plant is generally used as a recreational drug for numerous diseases. The legality of marijuana for recreational and medical is being done across many regions concerning its cultivation, possession, and distribution.


  • Higher Demand for Marijuana Oils

The increasing demand for marijuana oil is enhancing market growth. The majority of countries have legalized marijuana for its medicinal properties. Marijuana oil and tinctures are being studied on a huge scale for multiple indications in many countries. This is also anticipated to evolve as the fastest-growing segment due to recent legalizations for medical cannabis and its derivatives. Oils extracted from cannabis are used for the treatment of vomiting and nausea occurring due to cancer. Thus, these devices are boosting the market’s growth.

  • Utilization of Marijuana in Chronic Disorders

Cannabis derivatives have been widely studied for their analgesic use in chronic disorders. It has shown far better results with few side effects compared to the regular medicines being prescribed till now. It has proven to decrease arthritic pain considerably with negligible side effects. With the rise in awareness of medical cannabis and its derivatives, the market is anticipated to grow progressively over the forecast period. Thus, this factor will boost market growth.

Recent Development

• In 2022, HYTN Innovations Inc. entered into a manufacturing and sales agreement with Promethean BioPharma. Through this agreement, the company has successfully created, and exported cannabis nano-emulsions that include its proprietary Elevation Technology in the medical cannabis market in Australia.

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Some of the major players operating in the legal marijuana market are:

  • VIVO Cannabis Inc. (Canada)
  • Dr. Hemp Me. (Ireland)
  • QC Infusion (U.S.),
  • Hemp Production Services (Canada)
  • Green Roads (U.S.)
  • Royal CBD (U.S.)
  • CV Sciences, Inc. (U.S.)
  • Gaia Herbs Farm (U.S.)
  • Isodiol International Inc (Canada)
  • Medical Marijuana, Inc. (U.S.)

Legal Marijuana Market Scope


  • Sativa
  • Indica
  • Hybrid


  • THC
  • CBD


  • Recreational Marijuana
  • Medical Marijuana


  • Chronic Pain
  • Mental Disorders
  • Cancer
  • Others

Product Type

  • Buds / marijuana Flower
  • Cannabis Extracts
  • Oil
  • Tinctures
  • Others

Purchase Channel

  • Online
  • Offline


  • Pharmaceutical
  • Food
  • Beverages
  • Tobacco
  • Personal Care
  • Research and Development Centers

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the this market
  • Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
  • Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies

Critical Insights Related to This Market Included in the Report:

  • Exclusive graphics and Illustrative SWOT analysis of some of the leading companies in this market
  • Value chain analysis of prominent players in the market
  • Current trends influencing the dynamics of this market across various geographies
  • Recent mergers, acquisitions, collaborations, and partnerships
  • Revenue growth of this industry over the forecast period
  • Marketing strategy study and growth trends
  • Growth driven factor analysis
  • Emerging recess segments and region-wise market
  • An empirical evaluation of the curve of this market
  • Ancient, Present, and Probable scope of the market from both prospect value and volume

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