The Global Marijuana Cigarette Market size is projected to reach US$ 457.20 billion by 2030, from US$ 58.63 billion in 2023, growing at a CAGR of 34.1% during the forecast period (2023-2030).
Report Coverage |
Report Details |
Base Year: |
2022 |
Market Size in 2023: |
US$ 58.63 Bn |
Historical Data for: |
2018 to 2021 |
Forecast Period: |
2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: |
34.10% |
2030 Value Projection: |
US$ 457.20 Bn |
Figure 1. Global Marijuana Cigarette Market Share (%), by Region, 2023
The marijuana cigarette market refers to the sector of the economy associated with the production, distribution, and sale of pre-rolled cannabis cigarettes for medicinal or recreational consumption. Marijuana comes from a plant called hemp. Its scientific name is Cannabis sativa. The main, active ingredient in marijuana is THC (short for delta-9-tetrahydrocannabinol). The use of marijuana for medicinal purposes has been legalized in many countries, while some have also legalized its recreational use. However, it is important to note that the legality of marijuana varies by jurisdiction, and it is important to comply with local laws and regulations regarding its use and distribution. As more companies enter the market, they are investing in branding and marketing campaigns to differentiate their products and build brand recognition among consumers. This has helped to create a more competitive market and drive demand for marijuana products.
Market Dynamics:
Legalization trends, medical research, public perception, economic incentives & branding, and marketing are major factors expected to drive growth of the global marijuana cigarette market during the forecast period. Legal restrictions, stigma, health concerns, banking and finance issues, and regulatory challenges are expected to hamper the growth of the global marijuana cigarette market over the forecast period.
Regulatory challenges are a potential obstacle for the marijuana cigarette market. Because the industry is still relatively new and rapidly evolving, there is a lack of clear and consistent regulations governing its operation. This can create uncertainty for businesses and make it difficult for them to comply with the law.
Key features of the study:
- This report provides an in-depth analysis of the global marijuana cigarette market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global marijuana cigarette market based on the following parameters such as company highlights, product portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include Canopy Growth Corporation, Aurora Cannabis, Tilray Inc., Aphria Inc., Cronos Group, Hexo Corp., Organigram Holdings Inc., Curaleaf Holdings, Inc., Cresco Labs, and Green Thumb Industries
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global marijuana cigarette market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global marijuana cigarette market.
Marijuana Cigarette Market Detailed Segmentation:
- By THC Content:
- High THC Pre-rolls
- Medium THC Pre-rolls
- Low THC Pre-rolls
- By CBD Content:
- High CBD Pre-rolls
- Balanced CBD/THC Pre-rolls
- Low CBD Pre-rolls
- By Strain Type:
- Indica Pre-rolls
- Sativa Pre-rolls
- Hybrid Pre-rolls
- Strain-specific pre-rolls (e.g., Blue Dream, OG Kush, etc.)
- By Packaging:
- Single Pre-roll Packs
- Multi Pre-roll Packs (e.g., packs of 3, 5, 10, etc.)
- By Flavor/Additives:
- Unflavored/Original
- Terpene-infused
- Flavored (e.g., mint, berry, citrus)
- Herbal blends (e.g., mixes with lavender or chamomile)
- By Usage:
- Medicinal Pre-rolls
- Recreational Pre-rolls
- By Price Range:
- Premium/Luxury
- Mid-range
- Economy/Budget
- By Sales Channel:
- Online Retail
- Dispensaries/Offline Retail
- Medical Clinics
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Company Profiles:
- Canopy Growth Corporation
- Aurora Cannabis
- Tilray Inc.
- Aphria Inc. (Note: Aphria and Tilray merged in 2021)
- Cronos Group
- Hexo Corp.
- Organigram Holdings Inc.
- Curaleaf Holdings, Inc.
- Cresco Labs
- Green Thumb Industries