Medical cannabis market revenue in Latin America 2016-2028

Published by Statista Research Department, Mar 20, 2024

The revenue of the medical cannabis segment of the cannabis market in Latin America was forecast to continuously increase between 2024 and 2028 by in total 29.4 million U.S. dollars (+63.01 percent). After the twelfth consecutive increasing year, the indicator is estimated to reach 76.01 million U.S. dollars and therefore a new peak in 2028. Notably, the revenue of the medical cannabis market was continuously increasing over the past years.

Revenue of the medical cannabis market in Latin America from 2016 to 2028 (in million U.S. dollars)

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Supplementary notes

Data provided by Statista Market Insights are estimates.

The medical cannabis market includes cannabinoid-based medicine, either licensed or unlicensed (not holding marketing authorization), which is supplied through the healthcare system and prescribed by a doctor with the primary focus of mitigating serious disease symptoms. It can include higher tetrahydrocannabinol (THC) levels of cannabidiol (CBD).

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