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Cannabis Cultivation Market

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:

  • Type
  • Compound
  • Applications
  • End User
  • Region 
Breakup by Type
  • Flowers
  • Concentrates
  • Edibles
  • Topicals
  • Tinctures
Breakup by Compound
  • THC-Dominant
  • CBD-Dominant
  • Balanced THC and CBD
Breakup by Applications
  • Medical 
  • Recreational

Breakup by End User

  • Healthcare Providers
  • Healthcare Payers
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • 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

 

*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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