Global Data: Digitalization of the Global Cannabis Market

This is the 177th original article of Gongma Bio

More than 70 countries around the world have legalized some form of marijuana use, and eight have legalized it for personal or recreational use. The data contains the current status of the legal medical and recreational markets in 217 countries in all regions of the world.

According to the industry policies and market data of the global cannabis market, Gongma Bio has feasible insights into each stakeholder in the cannabis market, and hopes to integrate and create with all cannabis fans.

Global Market Status

Global Legal Landscape

Legal Access to the

Global Cannabis

Industry

According to Equio, a professional data website for the root industry, among the 217 countries and regions in the world:

• Legal entry for "adult use sale" - 8: This country has legalized adult use and possession of high THC marijuana. The country regulates the distribution and sale of legal marijuana.

• Legal entry as "adult use rights" - 5: The country has legalized adult use and possession of high THC marijuana, but has yet to institute any regulated framework for distribution and sale.

• Legal Access is "Medical Only" - 17: The country has legalized medical marijuana use by patients and offers some form of legal access to cannabis with high THC levels (>10mg/10% THC).

• Legal entry as "some form of legalization" - 41: The country has passed some form of cannabis legislation, but has not met the threshold for legal possession and use of high THC (>10mg/10% THC) .

• Legal access for "no legal market" - 147

Distribution of Consumers in 2020

According to statistics, the global legal market sales in 2020 are $23.7B, the number of consumers is 286.1M; the adult use market is $13.4B; the medical market planning model is $10.2B, and the 5-year legal market compound annual growth rate is 16.62% (2020-2025 ); the illegal market other than that is $391B, and the 5-year legal market is in line with an annual growth rate of 3.64% (2020-2025).

The share of 391B in the illegal market is larger than the sum of the other three markets, because the policies of many countries are still in the stage of trial and error, and laws and regulations are not perfect.

The State of the U.S. Cannabis Market

US Cannabis Dashboard

Since the word "marijuana" entered the public eye of the United States in 2014, its legal market share has reached $26.5B from 0 to 2022, and is expected to reach $58.63B in 2030.

In addition to financial related data, the number of active dispensaries in the United States in 2022 is 6.6K, the number of cannabis consumers in the United States is 49.5M, the legal market size is $26.5B, and the outdoor area of cannabis plants is 33.5K.

Product Sales Index - United States

In the United States, where the industry is the first, Huaye has ranked first in market sales for a long time, with a market share of around 40% from 2019 to 2022; followed by electronic atomization liquid (CBD/THC Vape oil), with a market share of 30% ; other uses including tinctures, extracts, external administration and direct consumption accounted for less.

General marijuana consumer data information in the United States is as follows:

Consumer density: 134/thousand people

Annual consumption rate: 17% (over 18 years old)

Monthly consumption rate: 12% (over 18 years old)

Medical patient scale: 440W

The main reasons for American consumers to consume cannabis products are: to relax, relieve stress, reduce anxiety, improve sleep quality, and relieve pain, etc., which correspond to the anti-inflammatory, sleep-aiding, and wound-healing effects of cannabis products (see the link for details).

Cannabis data set table:

US CBD Retail Situation and Future Market Forecast

Retail Spending on Cannabis Foods

Compared with Europe and Asia, THC products in the United States are prevalent, and the CBD market share is not high, but sales are still high. The breakdown of retail spending on cannabis edibles has been mentioned in the table above. It is worth mentioning that the failure of the SAFE Banking event in the U.S. Senate (worth $33B in Congress, and large companies in the cannabis industry with 30K employees cannot obtain banking services, which will cause massive unemployment) has brought an unknown impact on the cannabis food and snacks industry. Especially in terms of the influence of public opinion, some people commented that "this is definitely a huge failure of the leadership of the Senate".