CBD Trends
It is now growing by a CAGR of 25% from 2019 and is expected to hit
USD 0
Billion
by 2027
- In the US alone, the recreational and medical cannabis industry is just after the craft beer industry, which generates $27 billion a year. And with cannabis consumption rates increasing, it’s likely the cannabis industry will increase its share in the near future
- With around 70 countries with some form of legalization, India included, the space is growing for both collaboration and competition as billions of investment dollars are pouring in to grow and meet latent demand.
Key Figures
11.1% to 16.7%
India annual prevalence of cannabis use in adult population (relatively high compared to
other regions in the world)*
USD 584.4 Million
Forecast value of Indian Cannabis Market by 2024**
USD 42.9 Billion
Spending on legal cannabis worldwide by 2024^
