Medical cannabis market value Colombia 2023-2027

Published by Statista Research Department, May 17, 2024

The medical cannabis market in Colombia was forecast to reach nearly 23 million U.S. dollars by 2027, up from an estimated value of nine million dollars in 2023. That year, the Colombian government granted 31 licenses to cultivate hemp.

Market value of medical cannabis in Colombia from 2023 to 2027 (in million U.S. dollars)

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Release date

January 2024

Region

Colombia

Survey time period

2023

Special properties

forecast; based on medical sales

Supplementary notes

Figures have been rounded. 

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