Canada Cannabis Cultivation Market Size & Outlook
Canada cannabis cultivation market, 2018-2030 (US$M)
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Canada cannabis cultivation market highlights
- The Canada cannabis cultivation market generated a revenue of USD 6,015.4 million in 2022 and is expected to reach USD 12,793.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 9.9% from 2023 to 2030.
- In terms of segment, hemp was the largest revenue generating biomass in 2022.
- Marijuana is the most lucrative biomass segment registering the fastest growth during the forecast period.
Cannabis cultivation market data book summary
| Market revenue in 2022 | USD 6,015.4 million |
| Market revenue in 2030 | USD 12,793.7 million |
| Growth rate | 9.9% (CAGR from 2022 to 2030) |
| Largest segment | Hemp |
| Fastest growing segment | Marijuana |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hemp, Marijuana |
| Key market players worldwide | Canopy Growth Corp, Aurora Cannabis Inc, Tilray Brands Inc, The Cronos Group, OrganiGram Holdings Inc, Atlas Growers, CannTrust Holdings Inc, The Hydropothecary Corp, Cannabist Company Holdings Inc, Aurora Cannabis |
Other key industry trends
- In terms of revenue, Canada accounted for 1.5% of the global cannabis cultivation market in 2022.
- Country-wise, South Africa is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. cannabis cultivation market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 26,756.1 million by 2030.
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Cannabis Cultivation Market Scope
Cannabis Cultivation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada cannabis cultivation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cannabis cultivation market will help companies and investors design strategic landscapes.
Hemp was the largest segment with a revenue share of 80.17% in 2022. Horizon Databook has segmented the Canada cannabis cultivation market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
In 1923, the Canadian government imposed a ban on marijuana under its Opium and Narcotics Control Act. It was only in 2001 that the government legalized access to medical marijuana through its Marijuana for Medical Access Regulations (MMAR).
In August 2016, Canadian government established Access to Cannabis for Medical Purpose Regulations (ACMPR), which replaced the previous laws. In the past few years, Canada has been at the forefront of legalization of medical marijuana.
Furthermore, the number of patients seeking medical marijuana therapy has significantly increased in the past 2 years in Canada, owing to the legalization of medical marijuana. Moreover, direct engagement of patients with marijuana cultivators in Canada has further increased the demand. In addition, even authorized nurses can prescribe marijuana in Canada.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada cannabis cultivation market , including forecasts for subscribers. This country databook contains high-level insights into Canada cannabis cultivation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada cannabis cultivation market size, by biomass, 2018-2030 (US$M)
Canada Cannabis Cultivation Market Outlook Share, 2022 & 2030 (US$M)
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