North America Cannabis Market Share, Opportunity Analysis and Industry Forecast 2030
Exploring the North American Cannabis Market
The North American cannabis market is flourishing, driven by a wave of legalization and increasing acceptance of cannabis for both medical and recreational purposes. This Market Research Future article explores the current landscape, delving into the market size, drivers, trends, challenges, and exciting opportunities shaping this dynamic industry.
From Niche to Mainstream: A Booming Market
North America dominates the global cannabis market, with Canada and the United States at the forefront. Legalization efforts, shifting public perception, and growing scientific research on the potential benefits of cannabis are fueling market expansion.
• Market Size and Growth: The North American legal cannabis market was valued at USD 15.5 billion in 2022 and is projected to reach USD 54.53 billion by 2031, exhibiting a significant Compound Annual Growth Rate (CAGR).
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