On the assumption that the federal prohibition on cannabis ends by 2020, the value of the consumer market for cannabinoid-based pharmaceuticals in the United States is forecast to grow to 25 billion U.S. dollars in 2025 and be worth 50 billion U.S. dollars in 2029.
The therapeutic potential of cannabinoids
Cannabis – also known as marijuana – contains active ingredients called cannabinoids. The second-most abundant cannabinoid found in cannabis is cannabidiol (CBD), a chemical substance that is considered to have a broad range of medical benefits. Clinical trials to test the effects of cannabis-based drugs are ongoing, but potential treatments have been identified for cancer pain, glaucoma, and epilepsy. Annual sales of CBD products in the United States were expected to generate around three million U.S. dollars in 2019, with sales from the state of California contributing a 25 percent share.
Medical marijuana laws by state
In 1996, California became the first state in the United States to allow the medical use of cannabis. As of 2018, the market for medical marijuana in the United States had grown to 33 states and Washington D.C. – the state of Oklahoma had the fastest-growing medical marijuana market in the country. More states may loosen their marijuana laws over the next few years, but for the time being, cannabis remains federally illegal in the United States.
Projected cannabinoid-based pharmaceuticals market size in the U.S. from 2020 to 2029 (in billion U.S. dollars)*
Profit from additional features by authenticating your Admin account
Please authenticate by going to "My account" → "Administration".
Then you will be able to mark statistics as favourites and use personal statistics alerts.
This feature is limited to our corporate solutions.
Please contact us to get started with full access to dossiers, forecasts, studies and international data.
Corporate Account
Statista Accounts:
Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform
You only have access to basic statistics.
This statistic is not included in your account.
Single Account
Your perfect start with Statista
Instant access to 1m statistics
Download in XLS, PDF & PNG format
Detailed references
$59 / Month *
Corporate Account
Full access
Corporate solution including all features.
* All products require an annual contract; Prices do not include sales tax.
Statista Accounts:
Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.
Ackrell Capital. (February 24, 2016). Projected cannabinoid-based pharmaceuticals market size in the U.S. from 2020 to 2029 (in billion U.S. dollars)* [Graph]. In Statista. Retrieved July 03, 2020, from https://www.statista.com/statistics/588853/market-size-of-cannabinoid-pharmaceuticals-in-the-us/
Ackrell Capital. "Projected cannabinoid-based pharmaceuticals market size in the U.S. from 2020 to 2029 (in billion U.S. dollars)*." Chart. February 24, 2016. Statista. Accessed July 03, 2020. https://www.statista.com/statistics/588853/market-size-of-cannabinoid-pharmaceuticals-in-the-us/
Ackrell Capital. (2016). Projected cannabinoid-based pharmaceuticals market size in the U.S. from 2020 to 2029 (in billion U.S. dollars)*. Statista. Statista Inc.. Accessed: July 03, 2020. https://www.statista.com/statistics/588853/market-size-of-cannabinoid-pharmaceuticals-in-the-us/
Ackrell Capital. "Projected Cannabinoid-based Pharmaceuticals Market Size in The U.S. from 2020 to 2029 (in Billion U.S. Dollars)*." Statista, Statista Inc., 24 Feb 2016, https://www.statista.com/statistics/588853/market-size-of-cannabinoid-pharmaceuticals-in-the-us/
Ackrell Capital, Projected cannabinoid-based pharmaceuticals market size in the U.S. from 2020 to 2029 (in billion U.S. dollars)* Statista, https://www.statista.com/statistics/588853/market-size-of-cannabinoid-pharmaceuticals-in-the-us/ (last visited July 03, 2020)
We use cookies to personalize contents and ads, offer social media features, and analyze access to our website. In your browser settings you can configure or disable this, respectively, and can delete any already placed cookies. For details, please see your browser’s Help section (by pressing F1). Please see our privacy statement for details about how we use data.
