Market Insights report
Recreational Cannabis is an essential part of the Cannabis market. Demand for recreational cannabis grew during the pandemic with companies reporting higher revenue in 2020 compared to the previous year. It is used for personal pleasure rather than for health purposes. Recreational cannabis consists of cannabis products that contain high THC content. It is currently legalized in 11 countries, with the USA holding the largest market share. The legalization of cannabis in more countries in the future would expand the current cannabis market and create lots of opportunities for new players to establish themselves.
The Recreational Cannabis market includes the consumption of cannabis for non-medicinal reasons, such as boosting physical performance, pursuing creative activities, and experiencing spirituality. Recreational Cannabis can be consumed in the form of extracts, dried cannabis, edibles, and beverages. Excluded are Medical cannabis and Therapeutic cannabis.
What's included?
This Report on the Recreational Cannabis market provides detailed insights into the Recreational Cannabis market from a global perspective. Besides all relevant market figures like worldwide revenues from 2016 to 2028, we have deep-dived into regional and country comparisons with a focus on Europe and the Americas.
The Recreational Cannabis market was valued at 19.31 billion USD in 2022 and is expected to grow steadily between 2022 and 2028. The largest markets include developed countries including the US, Canada, Thailand, and South Africa.
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