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Global Cannabis Cultivation Market Size, Share, Report: By Type: Flowers, Concentrates, Edibles, Topicals, Tinctures; By Compound: THC-Dominant, CBD-Dominant, Balanced THC and CBD; By Applications: Medical, Recreational; By End User: Healthcare Providers, Healthcare Payers; Regional Analysis; Competitive Landscape; 2024-2032
Global Cannabis Cultivation Market Outlook
The global cannabis cultivation market size was valued at USD 40.7 billion in 2023, driven by the increasing legalization and government initiatives across the globe. The market size is anticipated to grow at a CAGR of 29.2% during the forecast period of 2024-2032 to achieve a value of USD 407.1 billion by 2032.
Cannabis Cultivation: Introduction
Cannabis cultivation refers to the practice of growing cannabis plants, primarily for the purpose of producing various cannabis products, including marijuana and hemp. This process involves nurturing and cultivating the cannabis plant through various stages, from germination to harvest, to obtain the desired plant material for medicinal, recreational, or industrial use.
Cannabis cultivation plays a crucial role in the production of various cannabis-based products, including marijuana flowers, cannabis oils, edibles, and hemp-derived products like CBD (cannabidiol). The purpose and techniques employed in cannabis cultivation can vary widely, depending on whether the goal is to produce psychoactive marijuana or non-psychoactive hemp, as well as the intended use of the final product.
Global Cannabis Cultivation Market Analysis
The increasing legalization and government initiatives surrounding the use of cannabis for scientific purposes is the major trend influencing the market growth. Governments across the globe are increasingly initiating efforts to harness the potential of cannabis for scientific research, highlighting a growing acceptance of alternative healthcare approaches, further propelling the global cannabis cultivation market growth.
In addition to cannabis-related developments, the telehealth market is witnessing advancements in regulatory frameworks related to the cannabis industry, such as those observed in New York. The recent approval of regulations by the Cannabis Control Board in New York paves the way for the expansion of the state's cannabis industry, creating opportunities for various businesses, including dispensaries and delivery services. This regulatory expansion aligns with the broader trend of cannabis legalization, as more regions around the world are recognizing the potential economic and health benefits of cannabis-related initiatives. These trends collectively reflect a dynamic and evolving healthcare landscape that embraces innovative approaches, both in telehealth and complementary fields like cannabis research and regulation.
Global Cannabis Cultivation Market Segmentations
Market Breakup by Type
- Flowers
- Concentrates
- Edibles
- Topicals
- Tinctures
Market Breakup by Compound
- THC-Dominant
- CBD-Dominant
- Balanced THC and CBD
Market Breakup by Applications
- Medical
- Recreational
Market Breakup by End User
- Healthcare Providers
- Healthcare Payers
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Cannabis Cultivation Market Overview
The global cannabis cultivation market demand is experiencing significant growth, driven by the increasing legalization of cannabis in various regions. As more countries and states legalize the use of cannabis for both medical and recreational purposes, it has led to a surge in cultivation activities. The adoption of cannabis as a treatment option for chronic diseases has also gained momentum, further driving the demand for cultivated cannabis products.
The continuous development of new cannabis-related products has expanded the scope of the market and appeal. Innovations in product offerings and delivery methods have attracted a broader consumer base, further fostering the global cannabis cultivation market growth. Additionally, infrastructure changes are also playing a pivotal role in supporting the growth of cannabis cultivation. As countries liberalize their laws and regulations surrounding cannabis cultivation, there is a shift towards more open and supportive infrastructures, encouraging the expansion of cultivation facilities.
Furthermore, the liberalization of laws related to cannabis cultivation, particularly for hemp cultivation due to its low THC content, has contributed to the broader adoption of cannabis-related products. This shift towards more permissive regulations has facilitated the growth of the cannabis cultivation market.
North America is currently leading the global market for cannabis cultivation, primarily driven by the rapidly evolving laws and regulations concerning cannabis cultivation in regions such as the United States and Canada. These reforms, coupled with government support for hemp and marijuana cultivation, are expected to continue propelling market growth in the coming years.
Global Cannabis Cultivation Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Canopy Growth Corporation
- Aurora Cannabis Inc.
- Medmen Enterprise Inc.
- Tilary Inc.
- Unrivaled Brand Inc.
- VIVO Cannabis Inc.
- The Cronos Group
- Medical Marijuana Inc.
- Stenocare
- Trulieve
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Compound |
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| Breakup by Applications |
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Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Cannabis Cultivation Market Overview
3.1 Global Cannabis Cultivation Market Historical Value (2017-2023)
3.2 Global Cannabis Cultivation Market Forecast Value (2024-2032)
4 Global Cannabis Cultivation Market Landscape
4.1 Cannabis Cultivation: Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Cannabis Cultivation: Product Landscape
4.2.1 Analysis by Type
4.2.2 Analysis by Applications
5 Global Cannabis Cultivation Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Cannabis Cultivation Market Segmentation
6.1 Global Cannabis Cultivation Market by Type
6.1.1 Market Overview
6.1.2 Flowers
6.1.3 Concentrates
6.1.4 Edibles
6.1.5 Topicals
6.1.6 Tinctures
6.2 Global Cannabis Cultivation Market by Compound
6.2.1 Market Overview
6.2.2 THC-Dominant
6.2.3 CBD-Dominant
6.2.4 Balanced THC and CBD
6.3 Global Cannabis Cultivation Market by Applications
6.3.1 Market Overview
6.3.2 Medical
6.3.3 Recreational
6.4 Global Cannabis Cultivation Market by End User
6.4.1 Market Overview
6.4.2 Healthcare Providers
6.4.3 Healthcare Payers
6.5 Global Cannabis Cultivation Market by Region
6.5.1 Market Overview
6.5.2 North America
6.5.3 Europe
6.5.4 Asia Pacific
6.5.5 Latin America
6.5.6 Middle East and Africa
7 North America Global Cannabis Cultivation Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Global Cannabis Cultivation Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Cannabis Cultivation Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Cannabis Cultivation Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Cannabis Cultivation Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Regulatory Framework
12.1 Regulatory Overview
12.1.1 US FDA
12.1.2 EU EMA
12.1.3 INDIA CDSCO
12.1.4 JAPAN PMDA
12.1.5 Others
13 Supplier Landscape
13.1 Canopy Growth Corporation
13.1.1 Financial Analysis
13.1.2 Product Portfolio
13.1.3 Demographic Reach and Achievements
13.1.4 Mergers and Acquisitions
13.1.5 Certifications
13.2 Aurora Cannabis Inc.
13.2.1 Financial Analysis
13.2.2 Product Portfolio
13.2.3 Demographic Reach and Achievements
13.2.4 Mergers and Acquisitions
13.2.5 Certifications
13.3 Medmen Enterprise Inc.
13.3.1 Financial Analysis
13.3.2 Product Portfolio
13.3.3 Demographic Reach and Achievements
13.3.4 Mergers and Acquisitions
13.3.5 Certifications
13.4 Tilary Inc.
13.4.1 Financial Analysis
13.4.2 Product Portfolio
13.4.3 Demographic Reach and Achievements
13.4.4 Mergers and Acquisitions
13.4.5 Certifications
13.5 Unrivaled Brand Inc.
13.5.1 Financial Analysis
13.5.2 Product Portfolio
13.5.3 Demographic Reach and Achievements
13.5.4 Mergers and Acquisitions
13.5.5 Certifications
13.6 VIVO Cannabis Inc.
13.6.1 Financial Analysis
13.6.2 Product Portfolio
13.6.3 Demographic Reach and Achievements
13.6.4 Mergers and Acquisitions
13.6.5 Certifications
13.7 The Cronos Group
13.7.1 Financial Analysis
13.7.2 Product Portfolio
13.7.3 Demographic Reach and Achievements
13.7.4 Mergers and Acquisitions
13.7.5 Certifications
13.8 Medical Marijuana Inc.
13.8.1 Financial Analysis
13.8.2 Product Portfolio
13.8.3 Demographic Reach and Achievements
13.8.4 Mergers and Acquisitions
13.8.5 Certifications
13.9 Stenocare
13.9.1 Financial Analysis
13.9.2 Product Portfolio
13.9.3 Demographic Reach and Achievements
13.9.4 Mergers and Acquisitions
13.9.5 Certifications
13.10 Trulieve
13.10.1 Financial Analysis
13.10.2 Product Portfolio
13.10.3 Demographic Reach and Achievements
13.10.4 Mergers and Acquisitions
14 Key Opinion Leaders (KOL) Insights (Additional Insight)
15 Company Competitiveness Analysis (Additional Insight)
15.1 Very Small Companies
15.2 Small Companies
15.3 Mid-Sized Companies
15.4 Large Companies
15.5 Very Large Companies
16 Payment Methods (Additional Insight)
16.1 Government Funded
16.2 Private Insurance
16.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The market attained a value of about USD 40.7 billion in 2023, driven by increasing awareness about the medicinal benefits of cannabis.
The market is anticipated to grow at a CAGR of 29.2% during the forecast period of 2024-2032 and is likely to reach a market value of USD 407.1 billion by 2032.
The continuous development of new cannabis-related products is a major factor driving the market growth.
The increasing legalization and government initiatives are among the major trends influencing market growth.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America is currently leading the global market.
Various cannabis cultivation products in the market include flowers, concentrates, edibles, topicals, and tinctures.
Various compounds include THC-Dominant, CBD-Dominant, and balanced THC & CBD.
They find wide applications in medical and recreational areas.
End users in the market are healthcare providers and healthcare payers.
Key players involved in the market are Canopy Growth Corporation, Aurora Cannabis Inc., Medmen Enterprise Inc., Tilary Inc., Unrivaled Brand Inc., VIVO Cannabis Inc., The Cronos Group, Medical Marijuana Inc., Stenocare, and Trulieve.
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