Legalized Cannabis Market Trends and Innovations: Adapting to Changing Consumer Demands

The global legalized cannabis market is witnessing unprecedented growth, driven by shifting regulatory landscapes, increased medical usage, and expanding consumer demand. According to Straits Research, the global legalized cannabis market size was valued at USD 21.75 billion in 2022. It is projected to grow from USD XX billion in 2023 to USD 162.05 billion by 2031, registering a remarkable compound annual growth rate (CAGR) of 25% during the forecast period (2023–2031).