Cannabis Cultivation Market

The global cannabis cultivation market is witnesssed significant growth in recent years. Cannabis refers to marijuana plants that are grown for their psychotropic and medicinal properties. Cannabis contains over 100 cannabinoids, including tetrahydrocannabinol (THC) and cannabidiol (CBD). THC is the primary psychoactive constituent and produces the "high" feeling, while CBD does not cause any psychoactive effects but provides various medical benefits. With the legalization of cannabis for both medical and recreational use in various countries, the demand for cannabis cultivation has increased tremendously. Cannabis farmers are scaling up their operations and adopting advanced greenhouse technologies and farming practices to meet the rising market demand.

Market Dynamics:

The global cannabis cultivation market is primarily driven by the growing legalization of cannabis across countries and its increasing adoption for both medical and recreational purposes. The rising awareness about various medical benefits of cannabis, such as relief from chronic pain, inflammation, insomnia, epilepsy, and neurological diseases, is fueling market growth. Cannabis extracts containing THC and CBD are being explored for their effectiveness in cancer treatment and alleviating chemotherapy side effects. Various state governments are removing restrictions and allowing licensed cultivators to scale up production capacity to meet domestic demand and export opportunities. However, regulatory barriers and high initial investment required for large-scale, mechanized cannabis farms pose challenges to the market. Outdoor farming is also restricted in some regions due to climatic conditions. Market players must adopt advanced farming technologies to improve yield and quality as price competition intensifies in maturing cannabis markets.

Key features of the study:

• This report provides in-depth analysis of the global cannabis cultivation market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global cannabis cultivation market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Pacific Cannabis Growers, Inc., Atlas Global Brands, Canntrust Holdings, Inc., The Hydropothecary Corporation, Better Holdings, Canopy Growth Corporation, Aphria, Inc., Aurora Cannabis, Tilray, Organigram Holdings Inc., The Cronos Group, Maricann Group, Inc., ABcann Medicinals, Inc. and GW Pharmaceuticals plc.
• These companies are involved in the research, development, manufacturing, and distribution of controlled substances
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global cannabis cultivation market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cannabis cultivation market

Cannabis Cultivation Market Detailed Segmentation:

• By Product Type:
  • Marijuana
  • Hemp
  • CBD Oil
  • Others (Gummies, Beverages, Topicals)
• By Method of Cultivation:
  • Indoor
  • Greenhouse
  • Outdoor (Canopy Growth,OrganiGram)
• By Medical Application:
  • Pain Management
  • Mental Disorders
  • Neurological Disorders
  • Others (Epilepsy, Cancer, Alzheimer's disease)
• By End Use:
  • Medical
  • Recreational
  • Others
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Top companies in Global Cannabis Cultivation Market
  • Pacific Cannabis Growers, Inc.
  • Atlas Global Brands
  • Canntrust Holdings, Inc.
  • The Hydropothecary Corporation
  • Better Holdings
  • Canopy Growth Corporation
  • Aphria, Inc.
  • Aurora Cannabis
  • Tilray
  • Organigram Holdings Inc.
  • The Cronos Group
  • Maricann Group, Inc.
  • ABcann Medicinals, Inc.
  • GW Pharmaceuticals plc.