UK Cannabis Technology Market Size & Outlook, 2023-2030

The cannabis technology market in UK is expected to reach a projected revenue of US$ 697.5 million by 2030. A compound annual growth rate of 24.8% is expected of UK cannabis technology market from 2024 to 2030.
Revenue, 2023 (US$M)
$147.8
Forecast, 2030 (US$M)
$697.5
CAGR, 2024 - 2030
24.8%
Report Coverage
UK

UK cannabis technology market highlights

  • The UK cannabis technology market generated a revenue of USD 147.8 million in 2023 and is expected to reach USD 697.5 million by 2030.
  • The UK market is expected to grow at a CAGR of 24.8% 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.


Cannabis technology market data book summary

Market revenue in 2023USD 147.8 million
Market revenue in 2030USD 697.5 million
Growth rate24.8% (CAGR from 2023 to 2030)
Largest segmentConsumption
Fastest growing segmentWarehousing
Historical data2018 - 2022
Base year2023
Forecast period2024 - 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, UK accounted for 3.1% of the global cannabis technology market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Europe, Germany cannabis technology market is projected to lead the regional market in terms of revenue in 2030.
  • France is the fastest growing regional market in Europe and is projected to reach USD 344.7 million by 2030.

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Cannabis Technology Market Companies

Name Profile # Employees HQ Website

UK 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 32.75% in 2023. Horizon Databook has segmented the UK 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 UK 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 country-level data and insights on the UK cannabis technology market , including forecasts for subscribers. This country databook contains high-level insights into UK cannabis technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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UK cannabis technology market size, by application, 2018-2030 (US$M)

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

UK cannabis technology market size, by application, 2018-2030 (US$M)

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