The number of users of the therapeutic cannabis segment of the cannabis market in Latin America was forecast to continuously increase between 2024 and 2028 by in total 47.6 million users (+51.84 percent). After the twelfth consecutive increasing year, the indicator is estimated to reach 139.43 million users and therefore a new peak in 2028. Notably, the number of therapeutic cannabis users in the region was continuously increasing over the past years.
Number of users of therapeutic cannabis in Latin America from 2016 to 2028
(in million users)
Data provided by Statista Market Insights are estimates.
The therapeutic cannabis market covers cannabinoid-based therapeutic products with low tetrahydrocannabinol (THC) levels. These products are used for medicinal purposes and are intended to improve the quality of life, e.g., by reducing stress and/or anxiety. Prescribed and non-prescribed products are included in our scope and can be consumed through oils, capsules, topicals, e-liquid, edibles, and flowers.
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Statista. (February 13, 2024). Number of users of therapeutic cannabis in Latin America from 2016 to 2028 (in million users) [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/forecasts/1450684/number-users-therapeutic-cannabis-latin-america
Statista. "Number of users of therapeutic cannabis in Latin America from 2016 to 2028 (in million users)." Chart. February 13, 2024. Statista. Accessed November 05, 2024. https://www.statista.com/forecasts/1450684/number-users-therapeutic-cannabis-latin-america
Statista. (2024). Number of users of therapeutic cannabis in Latin America from 2016 to 2028 (in million users). Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/forecasts/1450684/number-users-therapeutic-cannabis-latin-america
Statista. "Number of Users of Therapeutic Cannabis in Latin America from 2016 to 2028 (in Million Users)." Statista, Statista Inc., 13 Feb 2024, https://www.statista.com/forecasts/1450684/number-users-therapeutic-cannabis-latin-america
Statista, Number of users of therapeutic cannabis in Latin America from 2016 to 2028 (in million users) Statista, https://www.statista.com/forecasts/1450684/number-users-therapeutic-cannabis-latin-america (last visited November 05, 2024)
Number of users of therapeutic cannabis in Latin America from 2016 to 2028 (in million users) [Graph], Statista, February 13, 2024. [Online]. Available: https://www.statista.com/forecasts/1450684/number-users-therapeutic-cannabis-latin-america
