Therapeutic cannabis: number of users Latin America 2017-2029

The number of users in the 'CBD Products' segment of the cannabis market in Latin America was forecast to continuously increase between 2024 and 2029 by in total 8.8 million users (+34.07 percent). After the twelfth consecutive increasing year, the number of users is estimated to reach 34.65 million users and therefore a new peak in 2029. Notably, the number of users of the 'CBD Products' segment of the cannabis market was continuously increasing over the past years.

Find more key insights for the number of users in countries and regions like the number of users in the 'Recreational Cannabis' segment of the cannabis market in Latin America and the number of users in the 'Medical Cannabis' segment of the cannabis market in Latin America.

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Number of users of therapeutic cannabis in Latin America from 2017 to 2029 (in million users)

Characteristic	Users in millions
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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:
The CBD Products market encompasses products derived from the cannabis plant that contain Cannabidiol (CBD), a non-psychoactive compound. These products may include oils, tinctures, edibles, topicals, and capsules. They are typically sold in health food stores, pharmacies, online platforms, and specialty CBD stores. These products are consumed for wellness purposes, and depending on the product, can be ingested, applied topically, or inhaled.

Structure:
The CBD Products market includes products used for general wellness, relaxation, and stress relief. The CBD Products market includes various forms of CBD such as oils, edibles, topicals, and capsules.

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).

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