The revenue of the cannabis market is forecast to significantly increase in Europe, reaching 7.26 billion U.S. dollars by 2029. CBD products account for the highest share of revenue, followed by recreational cannabis and medical cannabis.
Revenue of the cannabis market in Europe from 2016 to 2029, by type of product
(in million U.S. dollars)
Data provided by Statista Market Insights are estimates.
Definition: The Cannabis market covers products derived from the cannabis plant used for medical or recreational purposes. These products may include dried flowers, oils, edibles, tinctures, and topicals. Depending on the regulations in each country or state, these products are provided by dispensaries, pharmacies, and/or online platforms. They may be consumed in the form of smoking, vaporizing, eating, or applying topically.
Structure: The market includes Medical, Pharmaceutical, and Recreational Cannabis as well as CBD Products. The Medical and Pharmaceutical Cannabis markets include products used to treat conditions such as chronic pain, mental disorders, and other medical conditions. The Recreational Cannabis and the CBD Products markets include products used for personal enjoyment or leisure purposes. All cannabis markets include various forms of cannabis such as flowers, concentrates, edibles, 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 consumers (B2C), companies (B2B), and governments (B2G).
Company examples: Canopy Growth Corporation, Aurora Cannabis, Curaleaf Holdings, Tilray, Green Thumb Industries, Trulieve Cannabis, Verano Holdings.
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Statista. (October 22, 2024). Revenue of the cannabis market in Europe from 2016 to 2029, by type of product (in million U.S. dollars) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/forecasts/1499433/cannabis-market-revenue-by-product-in-europe
Statista. "Revenue of the cannabis market in Europe from 2016 to 2029, by type of product (in million U.S. dollars)." Chart. October 22, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/forecasts/1499433/cannabis-market-revenue-by-product-in-europe
Statista. (2024). Revenue of the cannabis market in Europe from 2016 to 2029, by type of product (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/forecasts/1499433/cannabis-market-revenue-by-product-in-europe
Statista. "Revenue of The Cannabis Market in Europe from 2016 to 2029, by Type of Product (in Million U.S. Dollars)." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/forecasts/1499433/cannabis-market-revenue-by-product-in-europe
Statista, Revenue of the cannabis market in Europe from 2016 to 2029, by type of product (in million U.S. dollars) Statista, https://www.statista.com/forecasts/1499433/cannabis-market-revenue-by-product-in-europe (last visited November 22, 2024)
Revenue of the cannabis market in Europe from 2016 to 2029, by type of product (in million U.S. dollars) [Graph], Statista, October 22, 2024. [Online]. Available: https://www.statista.com/forecasts/1499433/cannabis-market-revenue-by-product-in-europe
