MARIJUANA CIGARETTE MARKET ANALYSIS

Marijuana Cigarette MarketSize and Trends

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). The increasing legalization of marijuana for recreational and medical use in various countries is one of the key factors driving the growth of the market. For instance, in 2021, Canada became the first G7 country to legalize recreational marijuana use. Additionally, the increasing demand for marijuana cigarettes from the millennials and Gen Z population is also expected to propel the market growth.

Marijuana Cigarette Market Trends

• Premiumization: As the market matures, some consumers are willing to pay a premium for higher-end, artisanal products. Luxury packaging, organic products, and rare strains are becoming more common in the market.
• Microdosing: There's an increasing interest in consuming marijuana in small, controlled amounts to achieve desired effects without becoming overly intoxicated. This trend can influence the production of joints with lower THC content.
• Convenience and Pre-Rolls: The demand for pre-rolled joints has grown as they offer a convenient option for both seasoned users and newcomers. As a result, many companies are now offering a variety of pre-rolled options.
• Health and Wellness Focus: Beyond recreational use, there's a growing emphasis on the health and wellness aspects of marijuana. This has led to the production of CBD-dominant joints and other products that focus on therapeutic benefits without the psychoactive effects.