Summary

The global Medical and Recreational Marijuana market size is predicted to grow from US$ 8527 million in 2025 to US$ 10820 million in 2031; it is expected to grow at a CAGR of 4.0% from 2025 to 2031.
Medical and Recreational Marijuana are two classifications based on their intended use. Medical marijuana refers to cannabis approved for medical purposes, commonly used for alleviating chronic pain, treating epilepsy, or easing chemotherapy side effects, typically under the guidance of a medical professional. Recreational marijuana, on the other hand, is used for non-medical, personal enjoyment purposes, such as relaxation or mood enhancement, and is usually sold and consumed in areas where it is legally permitted. Medical marijuana is subject to stricter regulations, while the legalization and use of recreational marijuana vary widely by region and country.
United States market for Medical and Recreational Marijuana is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for Medical and Recreational Marijuana is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for Medical and Recreational Marijuana is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key Medical and Recreational Marijuana players cover Tilray, GW Pharmaceuticals, Cronos Group, Canopy Growth Corporation, Aurora, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
LP Information, Inc. (LPI) ' newest research report, the “Medical and Recreational Marijuana Industry Forecast” looks at past sales and reviews total world Medical and Recreational Marijuana sales in 2024, providing a comprehensive analysis by region and market sector of projected Medical and Recreational Marijuana sales for 2025 through 2031. With Medical and Recreational Marijuana sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Medical and Recreational Marijuana industry.
This Insight Report provides a comprehensive analysis of the global Medical and Recreational Marijuana landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Medical and Recreational Marijuana portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Medical and Recreational Marijuana market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Medical and Recreational Marijuana and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Medical and Recreational Marijuana.
This report presents a comprehensive overview, market shares, and growth opportunities of Medical and Recreational Marijuana market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Medical
Recreational
Segmentation by Application:
Online Sales
Offline Sales
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Tilray
GW Pharmaceuticals
Cronos Group
Canopy Growth Corporation
Aurora
Aphria
Cresco Labs
Jushi Holdings
TerrAscend
Trulieve Cannabis
Key Questions Addressed in this Report
What is the 10-year outlook for the global Medical and Recreational Marijuana market?
What factors are driving Medical and Recreational Marijuana market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Medical and Recreational Marijuana market opportunities vary by end market size?
How does Medical and Recreational Marijuana break out by Type, by Application?

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Table of Contents

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Medical and Recreational Marijuana Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Medical and Recreational Marijuana by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Medical and Recreational Marijuana by Country/Region, 2020, 2024 & 2031
2.2 Medical and Recreational Marijuana Segment by Type
2.2.1 Medical
2.2.2 Recreational
2.3 Medical and Recreational Marijuana Sales by Type
2.3.1 Global Medical and Recreational Marijuana Sales Market Share by Type (2020-2025)
2.3.2 Global Medical and Recreational Marijuana Revenue and Market Share by Type (2020-2025)
2.3.3 Global Medical and Recreational Marijuana Sale Price by Type (2020-2025)
2.4 Medical and Recreational Marijuana Segment by Application
2.4.1 Online Sales
2.4.2 Offline Sales
2.5 Medical and Recreational Marijuana Sales by Application
2.5.1 Global Medical and Recreational Marijuana Sale Market Share by Application (2020-2025)
2.5.2 Global Medical and Recreational Marijuana Revenue and Market Share by Application (2020-2025)
2.5.3 Global Medical and Recreational Marijuana Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Medical and Recreational Marijuana Breakdown Data by Company
3.1.1 Global Medical and Recreational Marijuana Annual Sales by Company (2020-2025)
3.1.2 Global Medical and Recreational Marijuana Sales Market Share by Company (2020-2025)
3.2 Global Medical and Recreational Marijuana Annual Revenue by Company (2020-2025)
3.2.1 Global Medical and Recreational Marijuana Revenue by Company (2020-2025)
3.2.2 Global Medical and Recreational Marijuana Revenue Market Share by Company (2020-2025)
3.3 Global Medical and Recreational Marijuana Sale Price by Company
3.4 Key Manufacturers Medical and Recreational Marijuana Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Medical and Recreational Marijuana Product Location Distribution
3.4.2 Players Medical and Recreational Marijuana Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Medical and Recreational Marijuana by Geographic Region
4.1 World Historic Medical and Recreational Marijuana Market Size by Geographic Region (2020-2025)
4.1.1 Global Medical and Recreational Marijuana Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Medical and Recreational Marijuana Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Medical and Recreational Marijuana Market Size by Country/Region (2020-2025)
4.2.1 Global Medical and Recreational Marijuana Annual Sales by Country/Region (2020-2025)
4.2.2 Global Medical and Recreational Marijuana Annual Revenue by Country/Region (2020-2025)
4.3 Americas Medical and Recreational Marijuana Sales Growth
4.4 APAC Medical and Recreational Marijuana Sales Growth
4.5 Europe Medical and Recreational Marijuana Sales Growth
4.6 Middle East & Africa Medical and Recreational Marijuana Sales Growth
5 Americas
5.1 Americas Medical and Recreational Marijuana Sales by Country
5.1.1 Americas Medical and Recreational Marijuana Sales by Country (2020-2025)
5.1.2 Americas Medical and Recreational Marijuana Revenue by Country (2020-2025)
5.2 Americas Medical and Recreational Marijuana Sales by Type (2020-2025)
5.3 Americas Medical and Recreational Marijuana Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Medical and Recreational Marijuana Sales by Region
6.1.1 APAC Medical and Recreational Marijuana Sales by Region (2020-2025)
6.1.2 APAC Medical and Recreational Marijuana Revenue by Region (2020-2025)
6.2 APAC Medical and Recreational Marijuana Sales by Type (2020-2025)
6.3 APAC Medical and Recreational Marijuana Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Medical and Recreational Marijuana by Country
7.1.1 Europe Medical and Recreational Marijuana Sales by Country (2020-2025)
7.1.2 Europe Medical and Recreational Marijuana Revenue by Country (2020-2025)
7.2 Europe Medical and Recreational Marijuana Sales by Type (2020-2025)
7.3 Europe Medical and Recreational Marijuana Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Medical and Recreational Marijuana by Country
8.1.1 Middle East & Africa Medical and Recreational Marijuana Sales by Country (2020-2025)
8.1.2 Middle East & Africa Medical and Recreational Marijuana Revenue by Country (2020-2025)
8.2 Middle East & Africa Medical and Recreational Marijuana Sales by Type (2020-2025)
8.3 Middle East & Africa Medical and Recreational Marijuana Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Medical and Recreational Marijuana
10.3 Manufacturing Process Analysis of Medical and Recreational Marijuana
10.4 Industry Chain Structure of Medical and Recreational Marijuana
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Medical and Recreational Marijuana Distributors
11.3 Medical and Recreational Marijuana Customer
12 World Forecast Review for Medical and Recreational Marijuana by Geographic Region
12.1 Global Medical and Recreational Marijuana Market Size Forecast by Region
12.1.1 Global Medical and Recreational Marijuana Forecast by Region (2026-2031)
12.1.2 Global Medical and Recreational Marijuana Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Medical and Recreational Marijuana Forecast by Type (2026-2031)
12.7 Global Medical and Recreational Marijuana Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Tilray
13.1.1 Tilray Company Information
13.1.2 Tilray Medical and Recreational Marijuana Product Portfolios and Specifications
13.1.3 Tilray Medical and Recreational Marijuana Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Tilray Main Business Overview
13.1.5 Tilray Latest Developments
13.2 GW Pharmaceuticals
13.2.1 GW Pharmaceuticals Company Information
13.2.2 GW Pharmaceuticals Medical and Recreational Marijuana Product Portfolios and Specifications
13.2.3 GW Pharmaceuticals Medical and Recreational Marijuana Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 GW Pharmaceuticals Main Business Overview
13.2.5 GW Pharmaceuticals Latest Developments
13.3 Cronos Group
13.3.1 Cronos Group Company Information
13.3.2 Cronos Group Medical and Recreational Marijuana Product Portfolios and Specifications
13.3.3 Cronos Group Medical and Recreational Marijuana Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Cronos Group Main Business Overview
13.3.5 Cronos Group Latest Developments
13.4 Canopy Growth Corporation
13.4.1 Canopy Growth Corporation Company Information
13.4.2 Canopy Growth Corporation Medical and Recreational Marijuana Product Portfolios and Specifications
13.4.3 Canopy Growth Corporation Medical and Recreational Marijuana Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Canopy Growth Corporation Main Business Overview
13.4.5 Canopy Growth Corporation Latest Developments
13.5 Aurora
13.5.1 Aurora Company Information
13.5.2 Aurora Medical and Recreational Marijuana Product Portfolios and Specifications
13.5.3 Aurora Medical and Recreational Marijuana Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Aurora Main Business Overview
13.5.5 Aurora Latest Developments
13.6 Aphria
13.6.1 Aphria Company Information
13.6.2 Aphria Medical and Recreational Marijuana Product Portfolios and Specifications
13.6.3 Aphria Medical and Recreational Marijuana Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Aphria Main Business Overview
13.6.5 Aphria Latest Developments
13.7 Cresco Labs
13.7.1 Cresco Labs Company Information
13.7.2 Cresco Labs Medical and Recreational Marijuana Product Portfolios and Specifications
13.7.3 Cresco Labs Medical and Recreational Marijuana Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Cresco Labs Main Business Overview
13.7.5 Cresco Labs Latest Developments
13.8 Jushi Holdings
13.8.1 Jushi Holdings Company Information
13.8.2 Jushi Holdings Medical and Recreational Marijuana Product Portfolios and Specifications
13.8.3 Jushi Holdings Medical and Recreational Marijuana Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Jushi Holdings Main Business Overview
13.8.5 Jushi Holdings Latest Developments
13.9 TerrAscend
13.9.1 TerrAscend Company Information
13.9.2 TerrAscend Medical and Recreational Marijuana Product Portfolios and Specifications
13.9.3 TerrAscend Medical and Recreational Marijuana Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 TerrAscend Main Business Overview
13.9.5 TerrAscend Latest Developments
13.10 Trulieve Cannabis
13.10.1 Trulieve Cannabis Company Information
13.10.2 Trulieve Cannabis Medical and Recreational Marijuana Product Portfolios and Specifications
13.10.3 Trulieve Cannabis Medical and Recreational Marijuana Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Trulieve Cannabis Main Business Overview
13.10.5 Trulieve Cannabis Latest Developments
14 Research Findings and Conclusion