Brazil: CBD market value 2020-2024

Published by
Jennifer Mendoza,
Nov 9, 2024
In 2020, the cannabidiol (CBD) market value in Brazil was estimated to be worth around 25 million U.S.dollars. By 2024, it was forecast to that this Brazilian market could reach 38 million. That same year, legal cannabis spending in South America is expected to amount to 150 million U.S. dollars.

Market value of cannabidiol (CBD) in Brazil from 2020 to 2024 (in million U.S. dollars)

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Release date

March 2021

Region

Brazil

Survey time period

2020 to 2024

Special properties

forecast

Supplementary notes

Cannabidiol is one of the active ingredients of cannabis and an essential component of medical marijuana.

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