Therapeutic cannabis: market revenue Latin America 2017-2029

The revenue in the 'CBD Products' segment of the cannabis market in Latin America was forecast to continuously increase between 2024 and 2029 by in total 38.6 million U.S. dollars (+6.57 percent). After the twelfth consecutive increasing year, the revenue is estimated to reach 625.89 million U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'CBD Products' 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 'Medical Cannabis' segment of the cannabis market in Latin America and the number of users in the cannabis market in Thailand.

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Revenue of the therapeutic 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 CBD Products market encompasses products derived from the cannabis plant that contain Cannabidiol (CBD), a non-psychoactive compound. These products may include oils, tinctures, edibles, topicals, and capsules. They are typically sold in health food stores, pharmacies, online platforms, and specialty CBD stores. These products are consumed for wellness purposes, and depending on the product, can be ingested, applied topically, or inhaled.

Structure:
The CBD Products market includes products used for general wellness, relaxation, and stress relief. The CBD Products market includes various forms of CBD such as oils, edibles, topicals, and capsules.

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).

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