Africa's Largest Cannabis Consumer Markets

  • New Frontier Data analysis found the 2018 global market value of combined legal and illicit cannabis markets to be worth $344.4 billion (USD).
  • Of 263 million annual cannabis consumers worldwide, 83 million (32%) live in Africa.
  • Africa’s cannabis market value (combined legal and illicit) was $37.3 billion in 2018 — 11% of the $344.4 billion global market.
  • On average, 11.4% of Africans aged 15 and older have used cannabis in the past year, almost double the 6.0% global annual-use rate.

5-24-2019-cannabit-infographic.jpg

Image sourced from Pixabay

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Cannabis is evolving – don’t get left behind!

Curious about what’s next for the industry and how to leverage California’s unique market?

Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!

Get your tickets now to secure your spot and avoid last-minute price hikes.