Colombia Legalized Cannabis Market Size & Outlook, 2025-2033
Colombia Legalized Cannabis Market Insights
- Reed Intelligence analysis indicates that the Colombia Legalized Cannabis Market size, valued at USD 137.28 Million in 2024, is expected to expand to USD 1087.78 Million by 2033.
- The Colombia market is forecasted to expand at a CAGR of 25.73% spanning 2025–2033.
- Medical held the leading position among By Usage segments in 2024, based on market size.
- Medical is projected to post the fastest growth rate, sustaining its position as the most attractive By Usage segment during the forecast horizon.
![Colombia Legalized Cannabis Market Size, Share & Growth Report By [2033]](https://reedintelligence.com/uploads/charts/colombia-legalized-cannabis-market-colombia-by-usage-44713.png)
Source: RI Analysis Company Publications, Primary Interviews.
Other Key Findings
- Colombia contributed 0.4% to the global Legalized Cannabis Market size in 2024.
- By 2033, United States is forecasted to remain the largest global market for Legalized Cannabis Market.
- In LATAM, Mexico is projected to capture the leading share of market size by 2033.
- Among LATAM markets, Mexico is expected to post the fastest growth, reaching USD 5943.29 Million by 2033.
Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2021-2033 |
| Historical Period | 2021-2023 |
| Forecast Period | 2025-2033 |
| Market Size In 2024 | USD 137.28 Million |
| Market Size In 2033 | USD 1087.78 Million |
| Largest segment | Medical |
| Units | Revenue in USD Million |
| CAGR | 25.73% (2025-2033) |
| Segmnetation Covered | |
| By Usage |
|
| By Form |
|
| By Application |
|
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Colombia Legalized Cannabis Market By Usage 2025-2033 (USD Million)
| By Usage | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Medical | XX.x | XX.x | XX.x | 75.41 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Recreational | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Industrial Hemp | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: RI Analysis Company Publications, Primary Interviews.
Colombia Legalized Cannabis Market By Form 2025-2033 (USD Million)
| By Form | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bud | XX.x | XX.x | XX.x | 75.3 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Oil | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Tincture | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: RI Analysis Company Publications, Primary Interviews.
Colombia Legalized Cannabis Market By Application 2025-2033 (USD Million)
| By Application | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Chronic Pain | XX.x | XX.x | XX.x | 55.3 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Mental Disorders | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Cancer | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Others | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: RI Analysis Company Publications, Primary Interviews.
