Cannabis: market revenue Latin America 2017-2029

The revenue in the cannabis market in Latin America was forecast to continuously increase between 2024 and 2029 by in total 1.1 billion U.S. dollars (+25.53 percent). After the twelfth consecutive increasing year, the revenue is estimated to reach 5.3 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue 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 'Medical Cannabis' segment of the cannabis market in Latin America and the number of users in the 'Recreational Cannabis' segment of the cannabis market in Latin America.

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

Revenue of the 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 Cannabis market covers products derived from the cannabis plant used for medical or recreational purposes. These products may include dried flowers, oils, edibles, tinctures, and topicals. Depending on the regulations in each country or state, these products are provided by dispensaries, pharmacies, and/or online platforms. They may be consumed in the form of smoking, vaporizing, eating, or applying topically.

Structure:
The market includes Medical, Pharmaceutical, and Recreational Cannabis as well as CBD Products. The Medical and Pharmaceutical Cannabis markets include products used to treat conditions such as chronic pain, mental disorders, and other medical conditions. The Recreational Cannabis and the the CBD Products markets include products used for personal enjoyment or leisure purposes. All cannabis markets include various forms of cannabis such as flowers, concentrates, edibles, and topicals.

Additional information:
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), companies (B2B), and governments (B2G).

Company examples: Canopy Growth Corporation, Aurora Cannabis, Curaleaf Holdings, Tilray, Green Thumb Industries, Trulieve Cannabis, Verano Holdings.

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