25 reasons why the Cannabis Industry is showing huge potential

The cannabis industry has been experiencing rapid growth and transformation in recent years, with new markets opening up and evolving regulations shaping the industry. To help you gain a better understanding of this dynamic market, we've compiled 25 key statistics across various aspects of the cannabis industry, including market size, industry growth, employment, legalisation support, and medical usage.

From the latest industry trends to future projections, these statistics provide valuable insights for anyone looking to invest, work, or participate in the cannabis industry.

Cannabis Market Size Statistics

The global legal cannabis market size was valued at USD 17.5 billion in 2020 and is expected to reach USD 73.6 billion by 2027, growing at a CAGR of 18.1% from 2020 to 2027.‍

(Source: Grand View Research)

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The legal cannabis market in the United States is projected to reach USD 41.5 billion by 2025, growing at a CAGR of 14.3% from 2019 to 2025. ‍

(Source: MarketsandMarkets)

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The global medical cannabis market was valued at USD 11.3 billion in 2020 and is expected to reach USD 35.3 billion by 2028, growing at a CAGR of 14.3% from 2021 to 2028. ‍

(Source: Grand View Research)

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The legal cannabis market in Canada was worth CAD 2.6 billion in 2020 and is projected to reach CAD 6.4 billion by 2026, growing at a CAGR of 16.3% from 2021 to 2026.

(Source: Stratistics MRC)

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The legal cannabis market in Europe is projected to reach EUR 3.2 billion by 2025, growing at a CAGR of 42.6% from 2020 to 2025. ‍

(Source: Prohibition Partners)

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Cannabis Industry Growth Statistics

The global legal marijuana market size is expected to grow from USD 17.5 billion in 2020 to USD 90.4 billion by 2026, at a CAGR of 28.0% during the forecast period. ‍

(Source: ResearchAndMarkets.com)

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The legal cannabis market in the United States is expected to reach USD 43.9 billion by 2025, growing at a CAGR of 18.4% from 2020 to 2025.

‍(Source: Grand View Research)

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The global cannabis beverages market size is projected to reach USD 2.8 billion by 2025, growing at a CAGR of 17.8% from 2020 to 2025.

‍(Source: MarketsandMarkets)

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The global medical cannabis market size is expected to grow from USD 7.7 billion in 2020 to USD 33.7 billion by 2027, at a CAGR of 25.6% during the forecast period. ‍

(Source: Zion Market Research)

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The cannabis testing market size is projected to reach USD 1.7 billion by 2025, growing at a CAGR of 11.4% from 2020 to 2025. ‍

(Source: MarketsandMarkets)

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Cannabis Legalisation Support Statistics

In the United States, 68% of adults support the legalisation of marijuana, according to a 2021 Pew Research Center survey. 

(Source: Pew Research Center)

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In Canada, 66% of adults support the legalisation of cannabis, according to a 2021 survey by Statistics Canada. 

(Source: Statistics Canada)

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In Mexico, a 2021 poll found that 70% of adults support the legalisation of marijuana. 

(Source: El Financiero)

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In the United Kingdom, a 2020 poll found that 53% of adults support the legalisation of cannabis, while 28% oppose it. 

(Source: YouGov)

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In Australia, a 2021 survey found that 44% of adults support the legalisation of cannabis for recreational use, while 31% oppose it. 

(Source: Roy Morgan)

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Cannabis Industry Employment Statistics

The legal cannabis industry in the United States supported 321,000 full-time equivalent jobs in 2021, with that number expected to increase to 474,000 by 2026. 

(Source: Leafly)

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The cannabis industry added 77,300 jobs in the United States in 2020, bringing the total number of cannabis jobs to 321,000. 

(Source: Leafly)

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The cannabis industry is projected to add over 500,000 jobs in the United States by 2024, bringing the total number of jobs to over 1 million. 

(Source: New Frontier Data)

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In Canada, the cannabis industry employed 9,200 people in 2019, a significant increase from the 2,630 people employed in 2018. 

(Source: Statistics Canada)

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The legal cannabis industry is one of the fastest-growing job sectors in the United States, with a 32% increase in jobs from 2018 to 2019. 

(Source: Leafly)

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Cannabis Medical Usage Statistics

In the United States, 36 states and the District of Columbia have legalised medical cannabis as of 2022.

(Source: National Conference of State Legislatures)

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In Canada, medical cannabis has been legal since 2001 and is currently used by over 300,000 patients.

(Source: Health Canada)

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In Israel, medical cannabis has been legal since the 1990s and is used by over 50,000 patients.

(Source: The Jerusalem Post)

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In Germany, medical cannabis has been legal since 2017 and is prescribed to patients with certain medical conditions. In 2020, over 310,000 prescriptions were issued for medical cannabis. 

(Source: Federal Institute for Drugs and Medical Devices)

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In Australia, medical cannabis has been legal since 2016 and is prescribed to patients with certain medical conditions. In 2020, over 23,000 prescriptions were issued for medical cannabis. (Source: Department of Health, Australian Government)

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