Latin America Cannabis Technology Market Size & Outlook

The cannabis technology market in Latin America is expected to reach a projected revenue of US$ 1,393.8 million by 2030. A compound annual growth rate of 24.4% is expected of Latin America cannabis technology market from 2024 to 2030.
Revenue, 2023 (US$M)
$302.1
Forecast, 2030 (US$M)
$1,393.8
CAGR, 2024 - 2030
24.4%
Report Coverage
Latin America

Latin America cannabis technology market highlights

  • The Latin America cannabis technology market generated a revenue of USD 302.1 million in 2023.
  • The market is expected to grow at a CAGR of 24.4% from 2024 to 2030.
  • In terms of segment, consumption was the largest revenue generating application in 2023.
  • Warehousing is the most lucrative application segment registering the fastest growth during the forecast period.
  • Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.


Latin America data book summary

Market revenue in 2023USD 302.1 million
Market revenue in 2030USD 1,393.8 million
Growth rate24.4% (CAGR from 2023 to 2030)
Largest segmentConsumption
Fastest growing segmentWarehousing
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCultivation, Processing/Manufacturing, Warehousing, Consumption
Key market players worldwideArdent Health Services, Green Thumb Industries Inc, SpringBig Holdings Inc, Demetrix, Courier Plus, Jane Technologies, LeafLink


Other key industry trends

  • In terms of revenue, Latin America region accounted for 6.2% of the global cannabis technology market in 2023.
  • Globally, North America 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 3,866.8 million by 2030.

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Cannabis Technology Market Companies

Name Profile # Employees HQ Website

Latin America cannabis technology 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 technology market will help companies and investors design strategic landscapes.


Consumption was the largest segment with a revenue share of 32.74% in 2023. Horizon Databook has segmented the Latin America cannabis technology market based on cultivation, processing/manufacturing, warehousing, consumption covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Latin America cannabis technology market databook

  • Our clientele includes a mix of cannabis technology market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America cannabis technology market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America cannabis technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America cannabis technology market size, by country, 2018-2030 (US$M)

Latin America Cannabis Technology Market Outlook Share, 2023 & 2030 (US$M)

Latin America cannabis technology market size, by country, 2018-2030 (US$M)

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