US Cannabis Market Size 2025-2029
The US cannabis market size is forecast to increase by USD 141.48 billion, at a CAGR of 37.1% between 2024 and 2029.
- The market is experiencing significant growth due to several key factors. One major trend is the expanding population of millennials in key markets, who are driving demand for cannabis products. Another growth factor is the increasing investment in research and production of medical marijuana, which is leading to advancements in the industry. However, accessibility issues and high prices associated with medical cannabis remain challenges that need to be addressed.
- The industry is also witnessing advancements in technology, with the application of artificial intelligence and genetic engineering to enhance product development and production processes. As the market continues to evolve, businesses need to stay informed of these trends and adapt to the changing landscape. The cannabis industry presents both opportunities and challenges, and a deep understanding of market dynamics is crucial for success.
What will be the Size of the market During the Forecast Period?
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1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Country Market Characteristics
- Executive Summary - Chart on Market Segmentation by Derivative Type
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Market Segmentation by Source
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ million)
- Data Table on US - Market size and forecast 2024-2029 ($ million)
- Chart on US: Year-over-year growth 2024-2029 (%)
- Data Table on US: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5.1 Cannabis Market in US 2019 - 2023
- Historic Market Size - Data Table on Cannabis Market in US 2019 - 2023 ($ million)
- 5.2 Derivative Type segment analysis 2019 - 2023
- Historic Market Size - Derivative Type Segment 2019 - 2023 ($ million)
- 5.3 Product segment analysis 2019 - 2023
- Historic Market Size - Product Segment 2019 - 2023 ($ million)
- 5.4 Source segment analysis 2019 - 2023
- Historic Market Size - Source Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
- 6.1 Impact of AI on Cannabis Market in US
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Derivative Type
- 8.1 Market segments
- Chart on Derivative Type - Market share 2024-2029 (%)
- Data Table on Derivative Type - Market share 2024-2029 (%)
- 8.2 Comparison by Derivative Type
- Chart on Comparison by Derivative Type
- Data Table on Comparison by Derivative Type
- 8.3 CBD - Market size and forecast 2024-2029
- Chart on CBD - Market size and forecast 2024-2029 ($ million)
- Data Table on CBD - Market size and forecast 2024-2029 ($ million)
- Chart on CBD - Year-over-year growth 2024-2029 (%)
- Data Table on CBD - Year-over-year growth 2024-2029 (%)
- 8.4 THC - Market size and forecast 2024-2029
- Chart on THC - Market size and forecast 2024-2029 ($ million)
- Data Table on THC - Market size and forecast 2024-2029 ($ million)
- Chart on THC - Year-over-year growth 2024-2029 (%)
- Data Table on THC - Year-over-year growth 2024-2029 (%)
- 8.5 Balanced THC and CBD - Market size and forecast 2024-2029
- Chart on Balanced THC and CBD - Market size and forecast 2024-2029 ($ million)
- Data Table on Balanced THC and CBD - Market size and forecast 2024-2029 ($ million)
- Chart on Balanced THC and CBD - Year-over-year growth 2024-2029 (%)
- Data Table on Balanced THC and CBD - Year-over-year growth 2024-2029 (%)
- 8.6 Market opportunity by Derivative Type
- Market opportunity by Derivative Type ($ million)
- Data Table on Market opportunity by Derivative Type ($ million)
9 Market Segmentation by Product
- 9.1 Market segments
- Chart on Product - Market share 2024-2029 (%)
- Data Table on Product - Market share 2024-2029 (%)
- 9.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
- 9.3 Medical - Market size and forecast 2024-2029
- Chart on Medical - Market size and forecast 2024-2029 ($ million)
- Data Table on Medical - Market size and forecast 2024-2029 ($ million)
- Chart on Medical - Year-over-year growth 2024-2029 (%)
- Data Table on Medical - Year-over-year growth 2024-2029 (%)
- 9.4 Recreational - Market size and forecast 2024-2029
- Chart on Recreational - Market size and forecast 2024-2029 ($ million)
- Data Table on Recreational - Market size and forecast 2024-2029 ($ million)
- Chart on Recreational - Year-over-year growth 2024-2029 (%)
- Data Table on Recreational - Year-over-year growth 2024-2029 (%)
- 9.5 Market opportunity by Product
- Market opportunity by Product ($ million)
- Data Table on Market opportunity by Product ($ million)
10 Market Segmentation by Source
- 10.1 Market segments
- Chart on Source - Market share 2024-2029 (%)
- Data Table on Source - Market share 2024-2029 (%)
- 10.2 Comparison by Source
- Chart on Comparison by Source
- Data Table on Comparison by Source
- 10.3 Marijuana - Market size and forecast 2024-2029
- Chart on Marijuana - Market size and forecast 2024-2029 ($ million)
- Data Table on Marijuana - Market size and forecast 2024-2029 ($ million)
- Chart on Marijuana - Year-over-year growth 2024-2029 (%)
- Data Table on Marijuana - Year-over-year growth 2024-2029 (%)
- 10.4 Hemp - Market size and forecast 2024-2029
- Chart on Hemp - Market size and forecast 2024-2029 ($ million)
- Data Table on Hemp - Market size and forecast 2024-2029 ($ million)
- Chart on Hemp - Year-over-year growth 2024-2029 (%)
- Data Table on Hemp - Year-over-year growth 2024-2029 (%)
- 10.5 Market opportunity by Source
- Market opportunity by Source ($ million)
- Data Table on Market opportunity by Source ($ million)
11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Drivers, Challenges, and Opportunity/Restraints
- 12.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 12.4 Market opportunities/restraints
13 Competitive Landscape
- 13.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 13.3 Landscape disruption
- Overview on factors of disruption
- 13.4 Industry risks
- Impact of key risks on business
14 Competitive Analysis
- 14.2 Market positioning of companies
- Matrix on companies position and classification
- 14.3 Curaleaf Holdings Inc.
- Curaleaf Holdings Inc. - Overview
- Curaleaf Holdings Inc. - Product / Service
- Curaleaf Holdings Inc. - Key offerings
- 14.4 Trulieve Cannabis Corp.
- Trulieve Cannabis Corp. - Overview
- Trulieve Cannabis Corp. - Product / Service
- Trulieve Cannabis Corp. - Key offerings
- 14.5 Green Thumb Industries Inc.
- Green Thumb Industries Inc. - Overview
- Green Thumb Industries Inc. - Product / Service
- Green Thumb Industries Inc. - Key offerings
- 14.6 Cresco Labs Inc.
- Cresco Labs Inc. - Overview
- Cresco Labs Inc. - Product / Service
- Cresco Labs Inc. - Key offerings
- 14.7 MedMen Enterprises Inc.
- MedMen Enterprises Inc. - Overview
- MedMen Enterprises Inc. - Product / Service
- MedMen Enterprises Inc. - Key offerings
- 14.8 TerrAscend Corp.
- TerrAscend Corp. - Overview
- TerrAscend Corp. - Product / Service
- TerrAscend Corp. - Key offerings
- 14.9 Acreage Holdings Inc.
- Acreage Holdings Inc. - Overview
- Acreage Holdings Inc. - Product / Service
- Acreage Holdings Inc. - Key offerings
- 14.10 iAnthus Capital Holdings Inc.
- iAnthus Capital Holdings Inc. - Overview
- iAnthus Capital Holdings Inc. - Product / Service
- iAnthus Capital Holdings Inc. - Key offerings
- 14.11 Jushi Holdings Inc.
- Jushi Holdings Inc. - Overview
- Jushi Holdings Inc. - Product / Service
- Jushi Holdings Inc. - Key offerings
- 14.12 Verano Holdings Corp.
- Verano Holdings Corp. - Overview
- Verano Holdings Corp. - Product / Service
- Verano Holdings Corp. - Key offerings
- 14.13 Columbia Care Inc.
- Columbia Care Inc. - Overview
- Columbia Care Inc. - Product / Service
- Columbia Care Inc. - Key offerings
- 14.14 Planet 13 Holdings Inc.
- Planet 13 Holdings Inc. - Overview
- Planet 13 Holdings Inc. - Product / Service
- Planet 13 Holdings Inc. - Key offerings
- 14.15 Harvest Health and Recreation Inc.
- Harvest Health and Recreation Inc. - Overview
- Harvest Health and Recreation Inc. - Product / Service
- Harvest Health and Recreation Inc. - Key offerings
- 14.16 Vireo Health International Inc.
- Vireo Health International Inc. - Overview
- Vireo Health International Inc. - Product / Service
- Vireo Health International Inc. - Key offerings
- 14.17 Ayr Wellness Inc.
- Ayr Wellness Inc. - Overview
- Ayr Wellness Inc. - Product / Service
- Ayr Wellness Inc. - Key offerings
- 14.18 Flow Kana Inc.
- Flow Kana Inc. - Overview
- Flow Kana Inc. - Product / Service
- Flow Kana Inc. - Key offerings
- 14.19 American Cannabis Co. Inc.
- American Cannabis Co. Inc. - Overview
- American Cannabis Co. Inc. - Product / Service
- American Cannabis Co. Inc. - Key offerings
- 14.20 CannaCraft Inc.
- CannaCraft Inc. - Overview
- CannaCraft Inc. - Product / Service
- CannaCraft Inc. - Key offerings
- 14.21 Cannabis One Holdings Inc.
- Cannabis One Holdings Inc. - Overview
- Cannabis One Holdings Inc. - Product / Service
- Cannabis One Holdings Inc. - Key offerings
- 14.22 Heritage Cannabis Holdings Corp.
- Heritage Cannabis Holdings Corp. - Overview
- Heritage Cannabis Holdings Corp. - Product / Service
- Heritage Cannabis Holdings Corp. - Key offerings
15 Appendix
- 15.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 15.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 15.4 Research methodology
- 15.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 15.9 360 degree market analysis
- 360 degree market analysis
- 15.10 List of abbreviations
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