Colombia Cannabis Cultivation Market Size & Outlook
Colombia cannabis cultivation market, 2018-2030 (US$M)
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Colombia cannabis cultivation market highlights
- The Colombia cannabis cultivation market generated a revenue of USD 382.1 million in 2022 and is expected to reach USD 2,020.1 million by 2030.
- The Colombia market is expected to grow at a CAGR of 23.1% 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 382.1 million |
| Market revenue in 2030 | USD 2,020.1 million |
| Growth rate | 23.1% (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, Colombia accounted for 0.1% 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 Latin America, Chile cannabis cultivation market is projected to lead the regional market in terms of revenue in 2030.
- Colombia is the fastest growing regional market in Latin America and is projected to reach USD 2,020.1 million by 2030.
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Cannabis Cultivation Market Scope
Cannabis Cultivation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Colombia 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 78.2% in 2022. Horizon Databook has segmented the Colombia cannabis cultivation market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
Colombia decriminalized the possession of marijuana in 2012 and later legalized marijuana for medicinal use in 2015. With legalization of medical marijuana in Colombia, the government is anticipated to support research efforts for provision of reliable and safe cannabis to patients.
Moreover, the government is involved in educating physicians about medical use and potential adverse effects of marijuana. These efforts taken by the government in promoting the medicinal use of marijuana in the country are expected to boost the demand for medical marijuana in Colombia.
Patients in Colombia have an option of personal cultivation of medical marijuana or purchase from a licensed producer without any restrictions to the quantity of the purchase or possession of medical marijuana.
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Horizon Databook provides a detailed overview of country-level data and insights on the Colombia cannabis cultivation market , including forecasts for subscribers. This country databook contains high-level insights into Colombia cannabis cultivation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Colombia cannabis cultivation market size, by biomass, 2018-2030 (US$M)
Colombia Cannabis Cultivation Market Outlook Share, 2022 & 2030 (US$M)
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