Market size, growth to 2033 and clinical trials, side by side.
The US is the bigger Cannabis market: $14.2 Bn against $2.7 Bn in 2023, about 5.2 times as large.
China grows faster: 15% a year, against 11.5%. The gap still grows from $11.5 Bn to $31.3 Bn by 2033.
Clinical research: 323 active trials in the US, 5 in China.
| Measure | ||
|---|---|---|
| Market size, 2023 | $14.2 Bn | $2.7 Bn |
| Market size, 2033 projected | $42.3 Bn | $11 Bn |
| Growth a year (CAGR) | 11.5% | 15% |
| Money added, 2023–2033 | $28 Bn | $8.3 Bn |
| Share of the world market | 42% | 8% |
| Size rank of 24 countries | #1 | #2 |
| Market per person, 2023 | $42 | $1.94 |
| Active clinical trials | 323 | 5 |
| Full report | US report | China report |
US China · values between 2023 and 2033 are projected from the 2023 size and the CAGR.
The US is the bigger Cannabis market: $14.2 Bn against $2.7 Bn in 2023, about 5.2 times as large.
China grows faster: 15% a year, against 11.5%. The gap still grows from $11.5 Bn to $31.3 Bn by 2033.
Sources: market size and growth: Acuitas Health Analytics research (2023 base year, forecasts to 2033). Trials: ClinicalTrials.gov (fetched 10 Nov 2026); found by search words, so counts are a guide. Population: World Bank.