North America Tin Cannabis Packaging Market Size, Share & Trends Analysis Report By Application (Recreational Use, Medical Use), By Country, And Segment Forecasts, 2024 - 2030

North America Tin Cannabis Packaging Market Size, Share & Trends Analysis Report By Application (Recreational Use, Medical Use), By Country, And Segment Forecasts, 2024 - 2030

North America Tin Cannabis Packaging Market Growth & Trends

The North America tin cannabis packaging market size is anticipated to reach USD 164.61 million by 2030 and is projected to grow at a CAGR of 12.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. According to the World Health Organization, the consumption of cannabinoids has demonstrated therapeutic effects against vomiting and nausea caused during AIDS and cancer treatments. Hence, most of the states in the U.S. have legalized cannabis use for medical applications. Cannabis for recreational use is also legal in the U.S. Medical marijuana is legal in approximately 37 states of the U.S. The legislation legalizing the recreational consumption of cannabis has been enacted in 18 states, two territories, and the District of Columbia of the country as of 2021.

In May 2024, the U.S. Drug Enforcement Administration (DEA) reclassified marijuana as a less dangerous substance, thereby marking a significant shift in the drug policy of the country. This move, awaiting approval from the White House Office of Management and Budget (OMB), acknowledges the medical uses of marijuana and lowers its potential for abuse compared with other hazardous substances. While marijuana will remain a controlled substance under Schedule III in the country, this change can have far-reaching implications on the market growth in the U.S. Hence, the decision of the U.S. DEA reflects growing acceptance and decriminalization of marijuana, particularly among the young generation in the country. This trend is expected to continue, thereby driving demand for tin cannabis packaging solutions across the U.S.

Canada too has legalized the cultivation, purchasing, distribution, and consumption of cannabis for recreational and medical applications. The Cannabis Act in Canada came into force on October 17, 2018, which legalized access to recreational cannabis in the country. Legal cannabis products are sold only through authorized retailers.

North America Tin Cannabis Packaging Market Report Highlights

• Based on application, the recreational use segment led the market with the largest revenue share of 69.75% in 2023. Recreational cannabis purchases often have fewer restrictions and regulations compared to medical cannabis. This makes it easier for people to obtain recreational cannabis products. The demand for cannabis for recreational purposes is also high among millennials and the generation Z population in the U.S. and Canada, which contributes to its market dominance
• The U.S. dominated the market with the largest revenue share of 86.77% in 2023. The high market share of the U.S. can be attributed to the significant population advantage over Canada and the significant presence of cannabis dispensaries in the U.S., resulting in high sales of cannabis products in the country

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