North America Cannabis Market to 2032
Overview
The North America Cannabis Market is expected to reach a 1,076,123.38 USD Billion by 2032 and is projected to grow at a CAGR of 47.32% from 2025 to 2032.
Revenue, 2024 (USD Billion)
96,667.16
Forecast, 2032 (USD Billion)
1,076,123.38
CAGR, 2024 - 2032
47.32%
Report Coverage
North America
North America Cannabis Market 2018-2032 USD Billion
North America Cannabis Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 96,667.16 USD Billion
- Projected Market Size (2032): 1,076,123.38 USD Billion
- CAGR (2025-2032): 47.32%
Key Findings of North America Cannabis Market
- The North America Cannabis Market was valued at 96,667.16 USD Billion in 2024.
- The North America Cannabis Market is likely to grow at a CAGR of 47.32% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Physical in Distribution Channel Segment accounted for the largest share of the market with a revenue of 90,837.74 USD Billion
- The fastest growing segment Recretional in Usage Segment grew Fastest with a CAGR of 58.40% during the forecast period from 2024 to 2032.
North America Cannabis Market Scope
North America Cannabis Market Segmentation & Scope
Distribution Channel
- Digital
- Others
- Physical
Crop Variety
- Others
- Cannabis Sativa
- Cannabis Indica
Usage
- Recretional
- Medical
Product Type
- Others
- Oil
- Tinctures
- Buds
North America Cannabis Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2022 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 96,667.16 USD Billion |
| Market Value in 2032 | 1,076,123.38 USD Billion |
| CAGR (2025-2032) | 47.32% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Distribution Channel,Crop Variety,Usage,Product Type |
Regional Insights:
-
Leading Market (2024-2032): North America, leading in terms of revenue 96,667.16 USD Billion in 2024
- Key Country: U.S., leading in terms of revenue with value of 60,172.92 USD Billion in 2024.
Segments and Scope
-
North America Cannabis Market to 2032, By Distribution Channel
- Physical is the largest segment in North America Cannabis Market to 2032 with a revenue of 90,837.74 USD Billion in the year 2024.
- Physical is the Fastest growing segment in North America Cannabis Market to 2032 with a Growth rate of 48.68 % in forecast period 2025-2032.
-
North America Cannabis Market to 2032, By Crop Variety
- Cannabis Indica is the largest segment in North America Cannabis Market to 2032 with a revenue of 50,545.57 USD Billion in the year 2024.
- Cannabis Sativa is the Fastest growing segment in North America Cannabis Market to 2032 with a Growth rate of 47.16 % in forecast period 2025-2032.
-
North America Cannabis Market to 2032, By Usage
- Medical is the largest segment in North America Cannabis Market to 2032 with a revenue of 53,474.61 USD Billion in the year 2024.
- Recretional is the Fastest growing segment in North America Cannabis Market to 2032 with a Growth rate of 39.40 % in forecast period 2025-2032.
-
North America Cannabis Market to 2032, By Product Type
- Buds is the largest segment in North America Cannabis Market to 2032 with a revenue of 65,312.40 USD Billion in the year 2024.
- Buds is the Fastest growing segment in North America Cannabis Market to 2032 with a Growth rate of 50.11 % in forecast period 2025-2032.
North America Cannabis Market Company Share Analysis
| Company Name |
|
||
| Tilray | |||
| Canopy Growth Corporation | |||
| Aurora Cannabis | |||
| The Scotts Company LLC | |||
| The Cronos Group | |||
North America Cannabis Market Geographical Sales Distribution, 2018-2032 USD Billion
North America Cannabis Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The North America Cannabis Market is segmented based on Segmentation Distribution Channel,Crop Variety,Usage,Product Type.
North America Cannabis Market was valued at USD 96,667.16(Revenue in USD Billion) in 2022.
North America Cannabis Market is projected to grow at a CAGR of 47.32% during the forecast period of 2024 to 2032.
The Physical segment is expected to dominate the North America Cannabis Market, holding a largest market share of 90,837.74 USD Billion in 2024
North America Cannabis Market Scope
North America Cannabis Market Segmentation & Scope
Distribution Channel
- Digital
- Others
- Physical
Crop Variety
- Others
- Cannabis Sativa
- Cannabis Indica
Usage
- Recretional
- Medical
Product Type
- Others
- Oil
- Tinctures
- Buds
Frequently Asked Questions
The North America Cannabis Market is segmented based on Segmentation Distribution Channel,Crop Variety,Usage,Product Type.
North America Cannabis Market was valued at USD 96,667.16(Revenue in USD Billion) in 2022.
North America Cannabis Market is projected to grow at a CAGR of 47.32% during the forecast period of 2024 to 2032.
The estimated market value of the North America Cannabis Market for final year is USD 1,076,123.38 (USD Billion).
North America Cannabis Market Company Profiling
Frequently Asked Questions
The North America Cannabis Market is segmented based on Segmentation Distribution Channel,Crop Variety,Usage,Product Type.
North America Cannabis Market was valued at USD 96,667.16(Revenue in USD Billion) in 2022.
North America Cannabis Market is projected to grow at a CAGR of 47.32% during the forecast period of 2024 to 2032.
The estimated market value of the North America Cannabis Market for final year is USD 1,076,123.38 (USD Billion).
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