Uruguay: CBD market value 2020-2024

Published by Statista Research Department, Nov 9, 2024
In 2020, the cannabidiol (CBD) market in Uruguay was estimated at approximate value of four million U.S. dollars. By 2024, the worth of this South American market was forecast to increase 38 percent, reaching 5.5 million dollars. That same year, legal cannabis spending in South America is expected to amount to 150 million U.S. dollars.

Market value of cannabidiol (CBD) in Uruguay from 2020 to 2024 (in million U.S. dollars)

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Release date

March 2021

Region

Uruguay

Survey time period

2020 to 2024

Special properties

forecast

Supplementary notes

Cannabidiol is one of the active ingredients of cannabis and an essential component of medical marijuana.

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