Global Legal Marijuana Market to Hit USD 81.16 Billion by 2034 | 14.10% CAGR Driven by Legalization & Medical Demand

The global legal marijuana market, valued at USD 21.70 billion in 2024, is projected to reach USD 81.16 billion by 2034, growing at a CAGR of 14.10%. Key drivers include the rising legalization of cannabis for both medical and recreational use, increasing consumer acceptance, and expanding applications in wellness and healthcare. North America remains the largest market, while Europe and Latin America are rapidly emerging. Innovations in infused products, cultivation technologies, and e-commerce distribution models are reshaping the industry. Major players like Canopy Growth, Aurora Cannabis, and Tilray are leading the charge with new product launches and global expansion strategies.