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The regulatory liberalisation of cannabis, in particular in respect of medicinal and wellness cannabinoids, has driven an expansion of the global cannabis market. According to Euromonitor International, the global cannabis market (both legal and illegal) is valued at around US$150bn. The legal cannabis market, currently estimated to be worth more than US$12bn, is expected to grow rapidly. Projections of its potential global value by 2025 range from US$40bn to US$70bn.
The global legal cannabis market could be worth up to
Cannabis is now legal for medicinal use in
of global legal cannabis comes from the UK, making it the world's largest producer