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Mexico: CBD market value 2020-2024

Published by Statista Research Department, Jul 5, 2021
In 2020, the cannabidiol (CBD) market value in Mexico was estimated at approximately nine million U.S. dollars. By 2024, the worth of this North American market was forecast to increase by more than 580 percent, surpassing 60 million dollars. That same year, legal cannabis spending in North America is expected to amount to more than 30 billion U.S. dollars.

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

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Sources

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Release date

March 2021

Region

Mexico

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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