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May 2025
The global cannabis edibles market size was reached USD 12.35 billion in 2024 and is anticipated to increase from USD 14.33 billion in 2025 to an estimated USD 54.48 billion by 2034, witnessing a CAGR of 16.0% during the forecast period from 2025 to 2034. The growing trend of stress management solutions, dietary supplements, and disease-prevention strategies support the growth of the market.
The cannabis edibles market has been revolutionized by the adoption of cannabinoid-containing products that impact the body and mind of humans when consumed. These chemical compounds include THC (tetrahydrocannabinol) and CBD (cannabidiol) having specific therapeutic benefits. A regular use of cannabis offers several health benefits regarding brain development, memory, heart health, cognitive health, and psychiatric health. The 24 states plan to introduce legalization of cannabis for recreational and medical use as of January 2025. The increased popularity of edibles to experience the long-lasting effects of drugs makes them the best choice among consumers. Moreover, the increased supply of edibles in various forms, such as chocolate bars, brownies, gummies, cakes, mints, and cannabis-infused beverages, is driven by their more appealing forms and popularity. However, 13 states approved the use of cannabis edibles for medical use while 24 states fully and legally agreed for recreational use.
Fiscal Year 2024 Highlights of Cresco Labs Inc., the Leading Company in Cannabis Edibles
These states include Pennsylvania, Wisconsin, New Hampshire, South Carolina, Hawaii, Kansas, North Carolina, Texas, Virginia, Indiana, Iowa, and Tennessee. It is expected that these 12 states will experience the legalization of cannabis edibles for medical use. These initiatives introduce additional reform opportunities for the expansive reach of cannabis products.
With the rapid expansion of the cannabis market, it is challenging to maintain the high-quality standards and safety of products. Moreover, with the significant industrial growth, there arises a need for quality assurance measures and stringent testing protocols to ensure regulatory compliance with standards and consumer trust. Due to the navigating and complex nature of industries, the emerging regulatory issues create challenges in cannabis edibles market operations.
North America dominated the cannabis edibles market in 2024.
The remarkable growth of the Northern American countries is driven by the increased prevalence of cannabis use among people of all age groups. Moreover, the growing amount of legislation and policies for cannabis products in various states, including the U.S. and Canada, boost the expansion of the market. The growing acceptance of cannabis products among the global population is driving the significant progress of the market in Northern American countries as well.
Canadian Cannabis Survey 2024 Drives a Remarkable Growth
Health Canada played a major role in developing and implementing the Canadian Cannabis Survey (CCS) to understand the habits and behaviours of people using cannabis in their daily lives.
Canadian Cannabis Survey 2024 Highlights
Policies and Regulations in the United States
The Cannabis Product Committee (CPC) of the U.S. Food and Drug Administration (FDA) is responsible for developing and implementing policy and a cross-agency strategy for the regulation of cannabis products. According to a report published by the National Library of Medicine (NLM) and the National Center for Biotechnology Information (NCBI), the cannabis industry in the U.S. accounts for $40 billion in 2024. It is expected that the revenues in this industry will increase year over year till 2028. It is also projected that there will be a growing number of states to adopt the legalization of cannabis products.
2024 Highlights by Ascend Wellness Holdings Inc., the Prominent Company in the U.S.
Revenue of the FY 2024
Asia Pacific is expected to witness the fastest rate of growth in the cannabis edibles market during the predicted timeframe.
This regional growth is attributed to the expansion of industries related to cannabis extraction equipment, cannabis oil extraction, and cannabis resin extraction. The regional growth is also associated with the regulatory frameworks and enforcements regarding cannabis edibles and related products. Some countries in this region have adopted the legal use of cannabis for medical or recreational purposes, while some countries have not accepted the same.
Regulatory Frameworks and Enforcements in India
The Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985 of India was heavily influenced by the UN Single Convention on Narcotic Drugs 1961, like many other national narcotic-related laws. The Indian government as well as the governments of other Asian Pacific countries impose taxes on cannabis products and cannabis edibles to generate significant revenues from their use. These taxes over production, sales, or both help to expand industrial growth across the globe.
Europe is seen to grow at a notable rate in the cannabis edibles market in the foreseeable future.
The United Nations introduced the concept of dropping cannabis from the list of most dangerous substances provided by the Single Convention on Narcotic Drugs, the UN’s primary convention against narcotics. According to a report published by the European Union Drugs Agency, about 8% of European adults will use cannabis in the year 2023. Around 1.3% of adults in Europe are expected to be daily users of cannabis.
Extensive Research on Cannabis and the Leading Position of France
The French National Agency for the Safety of Medicines and Health Products will be responsible for regulating the implementation of the French medical cannabis framework. It is observed that people in France consume the highest rate of cannabis among all European nations. Research studies show that there are 1,600 patients who are receiving medically legal cannabis through an experimental government program.
The conventional segment dominates the cannabis edibles market in 2024.
Conventional cannabis edibles are beneficial for health due to their potential properties in reducing inflammation, lowering blood pressure, treating anxiety disorders, and preventing seizures. Moreover, the conventional forms allow the treatment of gastrointestinal disorders, prevention of relapses of drug and alcohol addiction, and help to fight cancer. The wide popularity and legalization of cannabis edibles boosted the growth of the conventional product forms.
The organic segment is expected to witness the fastest rate of growth in the cannabis edibles market during the predicted timeframe.
Organic cannabis edibles are also advantageous in terms of offering relief from certain conditions such as chronic pain, anxiety, stress, poor sleep, increased appetite, etc. Furthermore, the organic forms of these products assist people in fighting against neurological disorders, cancer, ongoing chemotherapy, and inflammatory conditions. People are experiencing some extent of relief from mental disorders, digestive issues, etc. It is potentially possible for people to improve digestive functions and manage anxiety in their daily lives.
The gummies segment dominated the cannabis edibles market in 2024.
The potential opportunities for recreational users to save their favorites flavors by enjoying the effects of cannabinoids are driven by the production of gummies. The homemade gummies offer exciting benefits due to the use of gelatine, fruit juice, and cannabis-infused oil. The customization of shapes and flavors of your own preference boosts the significance of homemade recipes for gummies.
The supplements segment is observed to be the fastest growing in the cannabis edibles market during the forecast period.
The various types of supplements, including ayurvedic dietary supplements, synthetic supplements, and others, provide enhanced immunity and resistance to illness, increased energy levels, vitality, and reduced inflammation. Moreover, the supplements aid people with improved digestion, absorption of nutrients, and reduced oxidative stress. People are becoming mentally clearer clear, more efficient, and experience improved cognitive function. The assistance in healthy aging and longevity for the elderly population drives the growth of supplements remarkably.
The specialty stores segment dominated the cannabis edibles market in 2024.
The purchase of new products through in-person shopping and specialty stores offers platforms to interact with knowledgeable staff and receive expert advice on product selection. It allows customers to look for certified and lab-tested products by prioritizing safety and quality. The reputed stores assist their customers with clear labeling and transparent information about the products, which allows them to make informed decisions.
The online retail segment is seen to grow at the fastest rate in the cannabis edibles market in the upcoming years.
Online retail and online shopping offer convenience and accessibility, which drives a significant adoption of online retail among potential buyers. The online purchase enables customers to explore and purchase products from the comfort of their homes. The various online platforms like Full Menu and Green Rush offer a selection of a wide range of cannabis products, including gummies.
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