Cannabis Market in US 2025-2029

Cannabis Market In US 2025-2029

The cannabis market in US is forecasted to grow by USD 141.48 billion during 2024-2029, accelerating at a CAGR of 37.1% during the forecast period. The report on the cannabis market in US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing millennial population in key cannabis markets, increasing number of medical cannabis dispensaries, and health benefits of medical cannabis.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data. For further information on this report, please visit - https://www.technavio.com/report/report/us-cannabis-market-analysis

Technavio's cannabis market in US is segmented as below:

By Derivative Type

  • CBD
  • THC
  • Balanced THC and CBD
By Product
  • Medical
  • Recreational
By Source
  • Marijuana
  • Hemp
By Geographical Landscape
  • North America
This study identifies the increase in funding for research and production of medical marijuana as one of the prime reasons driving the cannabis market in US growth during the next few years. Also, use of advanced techniques in cannabis cultivation and launch of medical cannabis education programs will lead to sizable demand in the market.

The report on the cannabis market in US covers the following areas:
  • Cannabis Market in US sizing
  • Cannabis Market in US forecast
  • Cannabis Market in US industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cannabis market in US vendors that include Aurora Cannabis Inc., Canopy Growth Corp., Charlottes Web Holdings Inc., Columbia Care Inc., Cresco Labs LLC, Cronos Group Inc., Curaleaf Holdings Inc., Green Roads Inc., Jazz Pharmaceuticals PLC, Lexaria Bioscience Corp., Medical Marijuana Inc., Pure Spectrum CBD, Sundial Growers Inc., Terrascend Canada, Tilray Brands Inc., Trulieve Cannabis Corp., Unrivaled Brands Inc., and Verano Holdings LLC. Also, the cannabis market in US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Derivative Type
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Market Segmentation by Source
Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on US - Market size and forecast 2024-2029 ($ billion)
Data Table on US - Market size and forecast 2024-2029 ($ billion)
Chart on US: Year-over-year growth 2024-2029 (%)
Data Table on US: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Cannabis Market in US 2019 - 2023
Historic Market Size - Data Table on Cannabis Market in US 2019 - 2023 ($ billion)
5.2 Derivative Type segment analysis 2019 - 2023
Historic Market Size - Derivative Type Segment 2019 - 2023 ($ billion)
5.3 Product segment analysis 2019 - 2023
Historic Market Size - Product Segment 2019 - 2023 ($ billion)
5.4 Source segment analysis 2019 - 2023
Historic Market Size - Source Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
6.1 Impact of AI on Cannabis Market in US
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Derivative Type
8.1 Market segments
Chart on Derivative Type - Market share 2024-2029 (%)
Data Table on Derivative Type - Market share 2024-2029 (%)
8.2 Comparison by Derivative Type
Chart on Comparison by Derivative Type
Data Table on Comparison by Derivative Type
8.3 CBD - Market size and forecast 2024-2029
Chart on CBD - Market size and forecast 2024-2029 ($ billion)
Data Table on CBD - Market size and forecast 2024-2029 ($ billion)
Chart on CBD - Year-over-year growth 2024-2029 (%)
Data Table on CBD - Year-over-year growth 2024-2029 (%)
8.4 THC - Market size and forecast 2024-2029
Chart on THC - Market size and forecast 2024-2029 ($ billion)
Data Table on THC - Market size and forecast 2024-2029 ($ billion)
Chart on THC - Year-over-year growth 2024-2029 (%)
Data Table on THC - Year-over-year growth 2024-2029 (%)
8.5 Balanced THC and CBD - Market size and forecast 2024-2029
Chart on Balanced THC and CBD - Market size and forecast 2024-2029 ($ billion)
Data Table on Balanced THC and CBD - Market size and forecast 2024-2029 ($ billion)
Chart on Balanced THC and CBD - Year-over-year growth 2024-2029 (%)
Data Table on Balanced THC and CBD - Year-over-year growth 2024-2029 (%)
8.6 Market opportunity by Derivative Type
Market opportunity by Derivative Type ($ billion)
Data Table on Market opportunity by Derivative Type ($ billion)
9 Market Segmentation by Product
9.1 Market segments
Chart on Product - Market share 2024-2029 (%)
Data Table on Product - Market share 2024-2029 (%)
9.2 Comparison by Product
Chart on Comparison by Product
Data Table on Comparison by Product
9.3 Medical - Market size and forecast 2024-2029
Chart on Medical - Market size and forecast 2024-2029 ($ billion)
Data Table on Medical - Market size and forecast 2024-2029 ($ billion)
Chart on Medical - Year-over-year growth 2024-2029 (%)
Data Table on Medical - Year-over-year growth 2024-2029 (%)
9.4 Recreational - Market size and forecast 2024-2029
Chart on Recreational - Market size and forecast 2024-2029 ($ billion)
Data Table on Recreational - Market size and forecast 2024-2029 ($ billion)
Chart on Recreational - Year-over-year growth 2024-2029 (%)
Data Table on Recreational - Year-over-year growth 2024-2029 (%)
9.5 Market opportunity by Product
Market opportunity by Product ($ billion)
Data Table on Market opportunity by Product ($ billion)
10 Market Segmentation by Source
10.1 Market segments
Chart on Source - Market share 2024-2029 (%)
Data Table on Source - Market share 2024-2029 (%)
10.2 Comparison by Source
Chart on Comparison by Source
Data Table on Comparison by Source
10.3 Marijuana - Market size and forecast 2024-2029
Chart on Marijuana - Market size and forecast 2024-2029 ($ billion)
Data Table on Marijuana - Market size and forecast 2024-2029 ($ billion)
Chart on Marijuana - Year-over-year growth 2024-2029 (%)
Data Table on Marijuana - Year-over-year growth 2024-2029 (%)
10.4 Hemp - Market size and forecast 2024-2029
Chart on Hemp - Market size and forecast 2024-2029 ($ billion)
Data Table on Hemp - Market size and forecast 2024-2029 ($ billion)
Chart on Hemp - Year-over-year growth 2024-2029 (%)
Data Table on Hemp - Year-over-year growth 2024-2029 (%)
10.5 Market opportunity by Source
Market opportunity by Source ($ billion)
Data Table on Market opportunity by Source ($ billion)
11 Customer Landscape
11.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Drivers, Challenges, and Opportunity/Restraints
12.1 Market drivers
12.2 Market challenges
12.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
12.4 Market opportunities/restraints
13 Competitive Landscape
13.1 Overview
13.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
13.3 Landscape disruption
Overview on factors of disruption
13.4 Industry risks
Impact of key risks on business
14 Competitive Analysis
14.1 Companies profiled
Companies covered
14.2 Company ranking index
Company ranking index
14.3 Market positioning of companies
Matrix on companies position and classification
14.4 Canopy Growth Corp.
Canopy Growth Corp. - Overview
Canopy Growth Corp. - Business segments
Canopy Growth Corp. - Key news
Canopy Growth Corp. - Key offerings
Canopy Growth Corp. - Segment focus
SWOT
14.5 Charlottes Web Holdings Inc.
Charlottes Web Holdings Inc. - Overview
Charlottes Web Holdings Inc. - Product / Service
Charlottes Web Holdings Inc. - Key news
Charlottes Web Holdings Inc. - Key offerings
SWOT
14.6 Columbia Care Inc.
Columbia Care Inc. - Overview
Columbia Care Inc. - Product / Service
Columbia Care Inc. - Key offerings
SWOT
14.7 Cresco Labs LLC
Cresco Labs LLC - Overview
Cresco Labs LLC - Product / Service
Cresco Labs LLC - Key offerings
SWOT
14.8 Cronos Group Inc.
Cronos Group Inc. - Overview
Cronos Group Inc. - Business segments
Cronos Group Inc. - Key news
Cronos Group Inc. - Key offerings
Cronos Group Inc. - Segment focus
SWOT
14.9 Curaleaf Holdings Inc.
Curaleaf Holdings Inc. - Overview
Curaleaf Holdings Inc. - Product / Service
Curaleaf Holdings Inc. - Key offerings
SWOT
14.10 Green Roads Inc.
Green Roads Inc. - Overview
Green Roads Inc. - Product / Service
Green Roads Inc. - Key offerings
SWOT
14.11 Lexaria Bioscience Corp.
Lexaria Bioscience Corp. - Overview
Lexaria Bioscience Corp. - Business segments
Lexaria Bioscience Corp. - Key offerings
Lexaria Bioscience Corp. - Segment focus
SWOT
14.12 Medical Marijuana Inc.
Medical Marijuana Inc. - Overview
Medical Marijuana Inc. - Product / Service
Medical Marijuana Inc. - Key offerings
SWOT
14.13 Pure Spectrum CBD
Pure Spectrum CBD - Overview
Pure Spectrum CBD - Key offerings
SWOT
14.14 Terrascend Canada
Terrascend Canada - Overview
Terrascend Canada - Key offerings
SWOT
14.15 Tilray Brands Inc.
Tilray Brands Inc. - Overview
Tilray Brands Inc. - Business segments
Tilray Brands Inc. - Key news
Tilray Brands Inc. - Key offerings
Tilray Brands Inc. - Segment focus
SWOT
14.16 Trulieve Cannabis Corp.
Trulieve Cannabis Corp. - Overview
Trulieve Cannabis Corp. - Product / Service
Trulieve Cannabis Corp. - Key offerings
SWOT
14.17 Unrivaled Brands Inc.
Unrivaled Brands Inc. - Overview
Unrivaled Brands Inc. - Business segments
Unrivaled Brands Inc. - Key offerings
Unrivaled Brands Inc. - Segment focus
SWOT
14.18 Verano Holdings LLC
Verano Holdings LLC - Overview
Verano Holdings LLC - Business segments
Verano Holdings LLC - Key offerings
Verano Holdings LLC - Segment focus
SWOT
15 Appendix
15.1 Scope of the report
15.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
15.3 Currency conversion rates for US$
Currency conversion rates for US$
15.4 Research methodology
Research methodology
15.5 Data procurement
Information sources
15.6 Data validation
Data validation
15.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
15.8 Data synthesis
Data synthesis
15.9 360 degree market analysis
360 degree market analysis
15.10 List of abbreviations
List of abbreviations
Exhibits:
Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Country Market Characteristics
Exhibits4: Executive Summary - Chart on Market Segmentation by Derivative Type
Exhibits5: Executive Summary - Chart on Market Segmentation by Product
Exhibits6: Executive Summary - Chart on Market Segmentation by Source
Exhibits7: Executive Summary - Chart on Company Market Positioning
Exhibits8: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits9: Overview on criticality of inputs and factors of differentiation
Exhibits10: Overview on factors of disruption
Exhibits11: Impact of drivers and challenges in 2024 and 2029
Exhibits12: Parent Market
Exhibits13: Data Table on - Parent Market
Exhibits14: Market characteristics analysis
Exhibits15: Value chain analysis
Exhibits16: Offerings of companies included in the market definition
Exhibits17: Market segments
Exhibits18: Chart on US - Market size and forecast 2024-2029 ($ billion)
Exhibits19: Data Table on US - Market size and forecast 2024-2029 ($ billion)
Exhibits20: Chart on US: Year-over-year growth 2024-2029 (%)
Exhibits21: Data Table on US: Year-over-year growth 2024-2029 (%)
Exhibits22: Historic Market Size - Data Table on Cannabis Market in US 2019 - 2023 ($ billion)
Exhibits23: Historic Market Size - Derivative Type Segment 2019 - 2023 ($ billion)
Exhibits24: Historic Market Size - Product Segment 2019 - 2023 ($ billion)
Exhibits25: Historic Market Size - Source Segment 2019 - 2023 ($ billion)
Exhibits26: Five forces analysis - Comparison between 2024 and 2029
Exhibits27: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibits28: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibits29: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibits30: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibits31: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibits32: Chart on Market condition - Five forces 2024 and 2029
Exhibits33: Chart on Derivative Type - Market share 2024-2029 (%)
Exhibits34: Data Table on Derivative Type - Market share 2024-2029 (%)
Exhibits35: Chart on Comparison by Derivative Type
Exhibits36: Data Table on Comparison by Derivative Type
Exhibits37: Chart on CBD - Market size and forecast 2024-2029 ($ billion)
Exhibits38: Data Table on CBD - Market size and forecast 2024-2029 ($ billion)
Exhibits39: Chart on CBD - Year-over-year growth 2024-2029 (%)
Exhibits40: Data Table on CBD - Year-over-year growth 2024-2029 (%)
Exhibits41: Chart on THC - Market size and forecast 2024-2029 ($ billion)
Exhibits42: Data Table on THC - Market size and forecast 2024-2029 ($ billion)
Exhibits43: Chart on THC - Year-over-year growth 2024-2029 (%)
Exhibits44: Data Table on THC - Year-over-year growth 2024-2029 (%)
Exhibits45: Chart on Balanced THC and CBD - Market size and forecast 2024-2029 ($ billion)
Exhibits46: Data Table on Balanced THC and CBD - Market size and forecast 2024-2029 ($ billion)
Exhibits47: Chart on Balanced THC and CBD - Year-over-year growth 2024-2029 (%)
Exhibits48: Data Table on Balanced THC and CBD - Year-over-year growth 2024-2029 (%)
Exhibits49: Market opportunity by Derivative Type ($ billion)
Exhibits50: Data Table on Market opportunity by Derivative Type ($ billion)
Exhibits51: Chart on Product - Market share 2024-2029 (%)
Exhibits52: Data Table on Product - Market share 2024-2029 (%)
Exhibits53: Chart on Comparison by Product
Exhibits54: Data Table on Comparison by Product
Exhibits55: Chart on Medical - Market size and forecast 2024-2029 ($ billion)
Exhibits56: Data Table on Medical - Market size and forecast 2024-2029 ($ billion)
Exhibits57: Chart on Medical - Year-over-year growth 2024-2029 (%)
Exhibits58: Data Table on Medical - Year-over-year growth 2024-2029 (%)
Exhibits59: Chart on Recreational - Market size and forecast 2024-2029 ($ billion)
Exhibits60: Data Table on Recreational - Market size and forecast 2024-2029 ($ billion)
Exhibits61: Chart on Recreational - Year-over-year growth 2024-2029 (%)
Exhibits62: Data Table on Recreational - Year-over-year growth 2024-2029 (%)
Exhibits63: Market opportunity by Product ($ billion)
Exhibits64: Data Table on Market opportunity by Product ($ billion)
Exhibits65: Chart on Source - Market share 2024-2029 (%)
Exhibits66: Data Table on Source - Market share 2024-2029 (%)
Exhibits67: Chart on Comparison by Source
Exhibits68: Data Table on Comparison by Source
Exhibits69: Chart on Marijuana - Market size and forecast 2024-2029 ($ billion)
Exhibits70: Data Table on Marijuana - Market size and forecast 2024-2029 ($ billion)
Exhibits71: Chart on Marijuana - Year-over-year growth 2024-2029 (%)
Exhibits72: Data Table on Marijuana - Year-over-year growth 2024-2029 (%)
Exhibits73: Chart on Hemp - Market size and forecast 2024-2029 ($ billion)
Exhibits74: Data Table on Hemp - Market size and forecast 2024-2029 ($ billion)
Exhibits75: Chart on Hemp - Year-over-year growth 2024-2029 (%)
Exhibits76: Data Table on Hemp - Year-over-year growth 2024-2029 (%)
Exhibits77: Market opportunity by Source ($ billion)
Exhibits78: Data Table on Market opportunity by Source ($ billion)
Exhibits79: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits80: Impact of drivers and challenges in 2024 and 2029
Exhibits81: Overview on criticality of inputs and factors of differentiation
Exhibits82: Overview on factors of disruption
Exhibits83: Impact of key risks on business
Exhibits84: Companies covered
Exhibits85: Company ranking index
Exhibits86: Matrix on companies position and classification
Exhibits87: Canopy Growth Corp. - Overview
Exhibits88: Canopy Growth Corp. - Business segments
Exhibits89: Canopy Growth Corp. - Key news
Exhibits90: Canopy Growth Corp. - Key offerings
Exhibits91: Canopy Growth Corp. - Segment focus
Exhibits92: SWOT
Exhibits93: Charlottes Web Holdings Inc. - Overview
Exhibits94: Charlottes Web Holdings Inc. - Product / Service
Exhibits95: Charlottes Web Holdings Inc. - Key news
Exhibits96: Charlottes Web Holdings Inc. - Key offerings
Exhibits97: SWOT
Exhibits98: Columbia Care Inc. - Overview
Exhibits99: Columbia Care Inc. - Product / Service
Exhibits100: Columbia Care Inc. - Key offerings
Exhibits101: SWOT
Exhibits102: Cresco Labs LLC - Overview
Exhibits103: Cresco Labs LLC - Product / Service
Exhibits104: Cresco Labs LLC - Key offerings
Exhibits105: SWOT
Exhibits106: Cronos Group Inc. - Overview
Exhibits107: Cronos Group Inc. - Business segments
Exhibits108: Cronos Group Inc. - Key news
Exhibits109: Cronos Group Inc. - Key offerings
Exhibits110: Cronos Group Inc. - Segment focus
Exhibits111: SWOT
Exhibits112: Curaleaf Holdings Inc. - Overview
Exhibits113: Curaleaf Holdings Inc. - Product / Service
Exhibits114: Curaleaf Holdings Inc. - Key offerings
Exhibits115: SWOT
Exhibits116: Green Roads Inc. - Overview
Exhibits117: Green Roads Inc. - Product / Service
Exhibits118: Green Roads Inc. - Key offerings
Exhibits119: SWOT
Exhibits120: Lexaria Bioscience Corp. - Overview
Exhibits121: Lexaria Bioscience Corp. - Business segments
Exhibits122: Lexaria Bioscience Corp. - Key offerings
Exhibits123: Lexaria Bioscience Corp. - Segment focus
Exhibits124: SWOT
Exhibits125: Medical Marijuana Inc. - Overview
Exhibits126: Medical Marijuana Inc. - Product / Service
Exhibits127: Medical Marijuana Inc. - Key offerings
Exhibits128: SWOT
Exhibits129: Pure Spectrum CBD - Overview
Exhibits130: Pure Spectrum CBD - Key offerings
Exhibits131: SWOT
Exhibits132: Terrascend Canada - Overview
Exhibits133: Terrascend Canada - Key offerings
Exhibits134: SWOT
Exhibits135: Tilray Brands Inc. - Overview
Exhibits136: Tilray Brands Inc. - Business segments
Exhibits137: Tilray Brands Inc. - Key news
Exhibits138: Tilray Brands Inc. - Key offerings
Exhibits139: Tilray Brands Inc. - Segment focus
Exhibits140: SWOT
Exhibits141: Trulieve Cannabis Corp. - Overview
Exhibits142: Trulieve Cannabis Corp. - Product / Service
Exhibits143: Trulieve Cannabis Corp. - Key offerings
Exhibits144: SWOT
Exhibits145: Unrivaled Brands Inc. - Overview
Exhibits146: Unrivaled Brands Inc. - Business segments
Exhibits147: Unrivaled Brands Inc. - Key offerings
Exhibits148: Unrivaled Brands Inc. - Segment focus
Exhibits149: SWOT
Exhibits150: Verano Holdings LLC - Overview
Exhibits151: Verano Holdings LLC - Business segments
Exhibits152: Verano Holdings LLC - Key offerings
Exhibits153: Verano Holdings LLC - Segment focus
Exhibits154: SWOT
Exhibits155: Inclusions checklist
Exhibits156: Exclusions checklist
Exhibits157: Currency conversion rates for US$
Exhibits158: Research methodology
Exhibits159: Information sources
Exhibits160: Data validation
Exhibits161: Validation techniques employed for market sizing
Exhibits162: Data synthesis
Exhibits163: 360 degree market analysis
Exhibits164: List of abbreviations

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