- 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.
Today's Best Finance Deals
Image sourced from Pixabay
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Cannabis is evolving—don’t get left behind!
Curious about what’s next for the industry and how to stay ahead in today’s competitive market?
Join top executives, investors, and industry leaders at the Benzinga Cannabis Capital Conference in Chicago on June 9-10. Dive deep into market-shaping strategies, investment trends, and brand-building insights that will define the future of cannabis.
Secure your spot now before prices go up—this is where the biggest deals and connections happen!