North America Cannabis Cultivation Market Size & Outlook
North America cannabis cultivation market, 2018-2030 (US$M)
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North America cannabis cultivation market highlights
- The North America cannabis cultivation market generated a revenue of USD 18,595.8 million in 2022.
- The 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 18,595.8 million |
| Market revenue in 2030 | USD 39,549.7 million |
| Growth rate | 9.9% (CAGR from 2022 to 2030) |
| Largest segment | Hemp |
| Fastest growing segment | Marijuana |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, North America region accounted for 4.7% of the global cannabis cultivation market in 2022.
- Globally, MEA is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 145,592.5 million by 2030.
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Cannabis Cultivation Market Scope
Cannabis Cultivation Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 North America cannabis cultivation market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
North America is known to be the most progressive region with respect to cannabis and its products. It has the highest number of cannabis companies and relaxed laws regarding the utilization of its products.
Although the consumption of cannabis is legal in most of the North American region, regulations vary from country to country. For instance, cannabis is legal in the U.S. and Canada. They are the global leaders in the cannabis industry; however, lower regions of the continent, such as Central America and the Caribbean, have a different perspective toward cannabis.
They have extremely stringent laws related to hemp. Irrespective of its non psychoactive effects, hemp has been considered in the same category as marijuana. Therefore, the utilization of hemp & cannabis products and its cultivation remains illegal in majority of the lower regions of the North American continent.
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Our clientele includes a mix of cannabis cultivation market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America cannabis cultivation market , including forecasts for subscribers. This continent databook contains high-level insights into North America cannabis cultivation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America cannabis cultivation market size, by country, 2018-2030 (US$M)
North America Cannabis Cultivation Market Outlook Share, 2022 & 2030 (US$M)
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