Latin America & Caribbean: legal cannabis market value 2020-2024, by type

Published by Statista Research Department, Nov 9, 2024
The recreational legal cannabis market in Latin America and the Caribbean was forecast to reach nearly 300 million U.S. dollars by 2024, up from an estimated value of four million dollars in 2020. In 2013, Uruguay became the first country in the region to legalize the production, distribution, sale, and consumption of marijuana.

Market value of legal cannabis in Latin America and the Caribbean from 2020 to 2024, by type (in million U.S. dollars)

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Release date

March 2021

Region

LAC

Survey time period

2020 to 2024

Special properties

forecast

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