The total worldwide cannabis market value is estimated to be around $60–70 billion in 2025, including both legal and illicit markets. Here's a simplified breakdown:
Global Cannabis Market Value (2025) 1. Total Market (Legal + Illicit)- Approximate total value: $65–70 billion
- This includes recreational, medical, and black market cannabis across all countries.
- Estimated value: $35–40 billion
- Driven primarily by the U.S., Canada, Germany, Australia, and parts of Latin America and Africa.
- Fastest-growing segments: edibles, wellness products, and medical use in emerging markets.
- North America: Over half of total legal market value
- Europe: Rapid growth, especially in medical cannabis and new legalization initiatives
- Asia & Africa: Mostly emerging, with some nations exploring hemp and export-focused models
- South America: Growing regulatory frameworks; some countries exporting medical cannabis
- Projected annual growth: 10–15% per year for the legal sector
- Drivers include: increased legalization, rising medical adoption, growing product diversity, and shifting public attitudes.
