Pro
Healthcare & Pharma
Americas Medical Cannabis Market, by Application
| Label | North America | Latin America |
|---|---|---|
| 2018 | 5905.6 USD Mn | 8.79 USD Mn |
| 2019 | 7765.2 USD Mn | 12.67 USD Mn |
| 2020 | 9715.65 USD Mn | 18.09 USD Mn |
| 2021 | 11342.9 USD Mn | 55.28 USD Mn |
| 2022 | 12889.38 USD Mn | 100.5 USD Mn |
| 2023 | 14586.67 USD Mn | 160.8 USD Mn |
| 2024 | 16438.72 USD Mn | 251.25 USD Mn |
| 2025 | 18447.71 USD Mn | 288.74 USD Mn |
| 2026 | 20613.73 USD Mn | 345.92 USD Mn |
| 2027 | 22934.57 USD Mn | 403.11 USD Mn |
| CAGR (2021-2027) | 0.1245 USD Mn | 0.3926 USD Mn |
Data Source: Wantstats Repository
Growth Outlook
- The 2027 portion of the Americas Medical Cannabis Market, by Region, 2018 market is on a steady long-term growth path. Segment value stands at roughly USD 20960 Mn in 2026 and is projected to reach USD 1 Mn by CAGR (2021-2027) — a gain of about -100% over the forecast period, translating to a CAGR in the double digits.
- 2027: North America accounts for 98% of the combined USD total across these 2 groups, the largest single share.
- What the regional split looks like (2026): North America leads, holding roughly 98% of segment value — the single largest regional share. Latin America is the second-largest contributor.
- By CAGR (2021-2027), Latin America alone is expected to reach USD 0 Mn, with North America at USD 0 Mn.
Market Dynamics
2027: North America accounts for 98% of the combined USD total across these 2 groups, the largest single share.
Next is Latin America, at 403.11M USD — 98% behind North America.
North America climbs from 5.91B USD (2018) to 22.93B USD (2027), a 288% gain.
Latin America: up 4486% over the period, 8.79M USD to 403.11M USD.
The fastest mover is Latin America, up 4486% over the period — a steeper climb than any of the other 2 groups here.
The 2-group total: 5.91B USD in 2018, 23.34B USD by 2027, 295% overall.
Reading This As A Comparison
This is a comparison chart, 2 groups at once — the interesting question is usually how the gap between them changes, not the value of any single group in isolation.
The largest series today is not guaranteed to stay largest — check the growth rate of each group, not just its current size, before projecting the ranking forward.
Use this chart to size the Americas Medical Cannabis market and to compare how fast it is expected to grow against adjacent markets — it works best as an input to a market-entry or investment decision, not as a standalone verdict.
The numbers here come from a market sizing model: historical revenue estimates up to the 2018 base year, then forecasts through 2027 using growth-rate assumptions for each segment. The underlying report explains the methodology in detail.
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Co-Founder, Mojave Rail Fabrication Limited
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Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.