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Market reports

US: delta-8 THC market size and five-year forecast

Written by || 10th May 2023 || Market reports | Cannabinoids | IHDC | Marketing and retailing | GeographiesNorth America United States

Delta-8 THC is an intoxicating hemp-derived cannabinoid (IHDC) that has grown rapidly in the US over the past couple of years. The delta-8 market has been able to grow within this space created by the 2018 US Farm Bill, and while several states have moved to ban this IHDC, roughly 52% of the US population lives in a state where delta-8 THC is likely legal or with an unclear legal status.

This report provides an estimate of the market size of delta-8 THC in the US for 2023, and breakdowns by form factor and geographical regions, as well as scenarios for possible future growth.

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US: delta-8 THC market size and five-year forecast

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Jonathan Darnell

Market analyst
Jonathan has a BA in Economics from Western Kentucky University (USA) and a Master’s in International Economics from Universitat Rovira i Virgili (Spain). He has analyst and insight experience across several industries such as automotive, alcohol, and nuts and dried fruits. He has also served as a part-time professor within the Economics Faculty at Universitat Rovira i Virgili for the International Markets Master Degree.

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