Premium
Premium statistics

Industry-specific and extensively researched technical data (partially from exclusive partnerships).

A paid subscription is required for full access.

Legal cannabis market worldwide from 2016 to 2024

Forecast legal cannabis spending worldwide from 2016 to 2024 (in billion U.S. dollars)

by Jan Conway, last edited Aug 9, 2019
Legal cannabis market worldwide from 2016 to 2024 The legal cannabis market has had explosive growth since several states in the United States legalized recreational consumption. With Canada legalizing recreational consumption nationwide and the growing popularity of the plant in the United States, the global legal cannabis market is set to reach over 63 billion dollars in value by 2024.
The legal landscape

Since 1970’s passage of the Controlled Substances Act, cannabis has been outlawed as a Schedule I drug (the most restrictive of drug categories) in the United States. Despite legalization on a state level, cannabis is still federally illegal to possess, manufacture and sell. In 2012, Washington and Colorado became the first two states to legalize recreational use of cannabis. Today, recreational cannabis use is legal in 10 states and medical use is legal in 33.

Where the market is

California had the most sales of legal cannabis in the United States in 2018. Two and a half billion dollars were spent on cannabis in the state. Colorado’s more mature market brought in 1.5 billion. By 2025, California is forecast to be responsible for 27.4 percent of the entire U.S. legal market. The black market is still strong, even in legal states. In California in particular, where the price of a legal gram of marijuana is often substantially higher than black market prices, the total legal and illicit market was roughly 5.6 billion dollars.
Show more

Forecast legal cannabis spending worldwide from 2016 to 2024 (in billion U.S. dollars)

Statista Accounts: Access All Statistics. Starting from $588 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account!

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$49 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.
Leading companies trust Statista:
paypalgoogleadobepgsamsungtelekom
Statista has been my savior on several occasions. The site is easy to maneuver and the data is in a format that can go right into a report or presentation.
Marlene Greenfield

Marlene Greenfield
Vice President, Hearst Magazines

Statistics on "Recreational marijuana in Canada"
  • North American overview
  • Recreational consumption
  • Consumer expenditure
  • Opinions on legalization
  • Post-legalization consumer behavior
  • Edibles
Discover Statista
Need help with using Statista for your research? Tutorials and first steps
Further Content: Statistics, Studies, and Topic Pages
Learn more about how Statista can support your business.
Do you have any questions about our business solutions?

We provide you with detailed information about our Corporate Account.