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U.S. Cannabis Market to 2032

Overview

The U.S. Cannabis Market is expected to reach a 660,234.58 USD Billion by 2032 and is projected to grow at a CAGR of 46.98% from 2025 to 2032.

Revenue, 2024 (USD Billion)
60,172.92
Forecast, 2032 (USD Billion)
660,234.58
CAGR, 2024 - 2032
46.98%
Report Coverage
U.S.

U.S. Cannabis Market 2018-2032 USD Billion

U.S. Cannabis Market, Key Findings (2025-2032)

Market Growth and Projections:

  • Market Size (2024): 60,172.92 USD Billion
  • Projected Market Size (2032): 660,234.58 USD Billion
  • CAGR (2025-2032): 46.98%

Key Findings of U.S. Cannabis Market

  • The U.S. Cannabis Market was valued at 60,172.92 USD Billion in 2024.
  • The U.S. Cannabis Market is likely to grow at a CAGR of 46.98% 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 56,448.01 USD Billion
  • The fastest growing segment Recretional in Usage Segment grew Fastest with a CAGR of 59.18% during the forecast period from 2024 to 2032.

U.S. Cannabis Market Scope

U.S. 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

U.S. Cannabis Market Data Coverage Insights

Study Period 2024-2032
Base Year 2022
Unit Revenue in USD Billion
Market Value in 2024 60,172.92 USD Billion
Market Value in 2032 660,234.58 USD Billion
CAGR (2025-2032) 46.98%
Historic Data 2016-2023
Market Segments Covered Distribution Channel,Crop Variety,Usage,Product Type

Regional Insights:

  • Leading Market (2024-2032): U.S., leading in terms of revenue 60,172.92 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

  • U.S. Cannabis Market to 2032, By Distribution Channel
    • Physical is the largest segment in U.S. Cannabis Market to 2032 with a revenue of 56,448.01 USD Billion in the year 2024.
    • Physical is the Fastest growing segment in U.S. Cannabis Market to 2032 with a Growth rate of 48.32 % in forecast period 2025-2032.
  • U.S. Cannabis Market to 2032, By Crop Variety
    • Cannabis Indica is the largest segment in U.S. Cannabis Market to 2032 with a revenue of 31,236.25 USD Billion in the year 2024.
    • Cannabis Sativa is the Fastest growing segment in U.S. Cannabis Market to 2032 with a Growth rate of 46.98 % in forecast period 2025-2032.
  • U.S. Cannabis Market to 2032, By Usage
    • Medical is the largest segment in U.S. Cannabis Market to 2032 with a revenue of 32,863.18 USD Billion in the year 2024.
    • Recretional is the Fastest growing segment in U.S. Cannabis Market to 2032 with a Growth rate of 38.10 % in forecast period 2025-2032.
  • U.S. Cannabis Market to 2032, By Product Type
    • Buds is the largest segment in U.S. Cannabis Market to 2032 with a revenue of 40,410.22 USD Billion in the year 2024.
    • Buds is the Fastest growing segment in U.S. Cannabis Market to 2032 with a Growth rate of 49.70 % in forecast period 2025-2032.

U.S. Cannabis Market Company Share Analysis

 
Company Name Company Share Analysis
Tilray
Canopy Growth Corporation
Aurora Cannabis
The Scotts Company LLC
The Cronos Group
U.S. Cannabis Market Company Share Analysis

U.S. Cannabis Market Geographical Sales Distribution, 2018-2032 USD Billion

U.S. Cannabis Market Geographical Sales Distribution, 2018-2032 USD Billion

U.S. Cannabis Market Company Profiling

U.S. Cannabis Market Company Profiling

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Frequently Asked Questions
The U.S. Cannabis Market is segmented based on Segmentation Distribution Channel,Crop Variety,Usage,Product Type.
U.S. Cannabis Market was valued at USD 60,172.92(Revenue in USD Billion) in 2022.
U.S. Cannabis Market is projected to grow at a CAGR of 46.98% during the forecast period of 2024 to 2032.
The Physical segment is expected to dominate the U.S. Cannabis Market, holding a largest market share of 56,448.01 USD Billion in 2024

U.S. Cannabis Market Scope

U.S. 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 U.S. Cannabis Market is segmented based on Segmentation Distribution Channel,Crop Variety,Usage,Product Type.
U.S. Cannabis Market was valued at USD 60,172.92(Revenue in USD Billion) in 2022.
U.S. Cannabis Market is projected to grow at a CAGR of 46.98% during the forecast period of 2024 to 2032.
The estimated market value of the U.S. Cannabis Market for final year is USD 660,234.58 (USD Billion).

U.S. Cannabis Market Company Profiling

U.S. Cannabis Market Company Profiling
Frequently Asked Questions
The U.S. Cannabis Market is segmented based on Segmentation Distribution Channel,Crop Variety,Usage,Product Type.
U.S. Cannabis Market was valued at USD 60,172.92(Revenue in USD Billion) in 2022.
U.S. Cannabis Market is projected to grow at a CAGR of 46.98% during the forecast period of 2024 to 2032.
The estimated market value of the U.S. Cannabis Market for final year is USD 660,234.58 (USD Billion).

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