Recreational cannabis: market revenue in Latin America 2017-2029

The revenue in the 'Recreational Cannabis' segment of the cannabis market in Latin America was forecast to continuously increase between 2024 and 2029 by in total 808.8 million U.S. dollars (+35.01 percent). After the twelfth consecutive increasing year, the revenue is estimated to reach 3.1 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Recreational Cannabis' segment of the cannabis market was continuously increasing over the past years.

Find more key insights for the revenue in countries and regions like the revenue in the 'CBD Products' segment of the cannabis market in Latin America and the number of users in the cannabis market in Thailand.

The Statista Market Insights cover a broad range of additional markets.

Revenue of the recreational cannabis market in Latin America from 2017 to 2029 (in million U.S. dollars)

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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:
The Recreational Cannabis market encompasses products derived from the cannabis plant that are used for leisure or personal enjoyment. These products can include dried flowers, oils, edibles, tinctures, and topicals. The availability of these products is subject to the regulations in each country or state, and they can be obtained from dispensaries, retail stores, or online platforms. Consumption methods vary, and can include smoking, vaporizing, eating, or applying topically.

Structure:
The Recreational Cannabis market is a subset of the broader cannabis market, which also includes medical and pharmaceutical cannabis as well as CBD products. The Recreational Cannabis market specifically pertains to products used for personal enjoyment, as opposed to the medical and pharmaceutical markets which focus on products used for treating medical conditions. The market includes various forms of cannabis such as flowers, concentrates, edibles, and topicals.

Additional information:
The market values represent the revenues generated by retail prices paid to vendors, either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C).

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