Medical cannabis revenue in the United States 2016-2029

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Medical cannabis revenue in the United States from 2016 to 2029

CharacteristicRevenue in billion U.S. dollars
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Statistic: Medical cannabis revenue in the United States from 2016 to 2029 (in billion U.S. dollars)
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Release date

May 2025

Region

United States

Survey time period

As of March 2024

Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:
The Medical Cannabis market encompasses products derived from the cannabis plant specifically used for medical purposes. These products may include dried flowers, oils, tinctures, capsules, and topicals. Depending on the regulations in each country or state, these products are available through medical dispensaries, pharmacies, and/or online platforms. They may be consumed in various ways such as smoking, vaporizing, ingesting, or applying topically.

Structure:
The Medical Cannabis market involves cannabinoid-based medicine without marketing authorisation. These unlicensed medicines are supplied through health systems, prescribed by doctors, or used as Active Pharmaceutical Ingredients (API). The API is manipulated and/or compounded by a magistral pharmacy to prepare a cannabinoid-based medicine without marketing authorisation. The Medical Cannabis market includes various forms of cannabis such as flowers, oils, capsules, and topicals.

Additional information:
Market values represent the revenues generated by retail prices paid to vendors, either directly or through distribution channels (excluding VAT). Reported market revenues include spending by patients (B2C), healthcare facilities (B2B), and governments (B2G).

* Forecast.

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