Global and United States Cannabis Market Report & Forecast 2023-2029
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The research time span covered by the report is from 2018 to 2029; it provides an overview of the Global Cannabis Market and also provides a deeper in-depth segmentation of the market by regions, product type and downstream industries.
The global Cannabis market size in 2022 is 26100.0 million US dollars, and it is expected to be XX million US dollars by 2029, with a compound annual growth rate of 23.50% expected in 2023-2029.
MARKET COMPETITIVE LANDSCAPE:
The main players in the Cannabis market include Aurora Cannabis Inc., Tilray, Inc., Canopy Growth Corporation, Cresco Labs, LLC, and Curaleaf, Inc.. The share of the top 3 players in the Cannabis market is XX%.
REGION SHARE:
The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and North America accounted for XX%, Europe accounted for XX% of Cannabis market, and Asia Pacific accounted for XX%.
SEGMENT OVERVIEW:
The report segments the market by Type and Application. Buds or Marijuana Flower accounted for XX% of Cannabis market in 2022. Cannabis Extracts share of XX%.
THC-Dominant accounted for XX% of the Cannabis market in 2022. Balanced THC and CBD accounts for XX%.
For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.
As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.
Key Factors Considered:
COVID-19
The report describes the market scenario during and post the pandemic in the vision of upstream, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.
Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it's going to evolve in the years to come.
Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.
Consumer needs and trends have always been important drivers of the consumer goods industry. Today's consumers pay more attention to product quality, health, environmental protection and other aspects. For example, plant-based products, gluten-free foods, organic cosmetics, etc. are receiving more and more attention. In addition, with the popularization of 5G technology, products such as smart home and smart wearables will also have broader market prospects.
Some notable trends:
E-commerce Expansion: The growth of online shopping continues to reshape the consumer goods industry. More consumers are embracing the convenience and accessibility of e-commerce platforms, leading to a surge in online sales. Companies are investing heavily in their online presence, optimizing websites for mobile devices, and enhancing the overall customer experience through personalized recommendations and fast delivery options.
Direct-to-Consumer (D2C) Brands: D2C brands have gained significant traction in recent years. These companies bypass traditional retail channels and sell directly to consumers through their websites or specialized online platforms. D2C brands often focus on niche markets, offering unique and innovative products, and leveraging social media marketing to build strong customer relationships.
Rise of Subscription Services: Subscription-based models are on the rise, particularly in industries like beauty, fashion, and food. These services provide consumers with a regular supply of products delivered to their doorstep, offering convenience and the element of surprise. Companies are leveraging subscriptions to build customer loyalty, gather data, and create recurring revenue streams.
Key Regions Covered in This Report Are
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Asia Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Latin America
Brazil
Argentina
Mexico
MEA
Saudi Arabia
UAE
Turkey
Some of the major players operating in the global market include:
Aurora Cannabis Inc.
Tilray, Inc.
Canopy Growth Corporation
Cresco Labs, LLC
Curaleaf, Inc.
Ecofibre Ltd.
Green Thumb Industries Inc.
HEXO Operations Inc.
INDIVA Inc.
Maricann Inc.
Segment by Type
Buds or Marijuana Flower
Cannabis Extracts
Segment by Application
THC-Dominant
Balanced THC and CBD
CBD-Dominant
Table of Content
1 Study Coverage
1.1 Cannabis Product Introduction
1.2 Global Cannabis Outlook 2018 VS 2023 VS 2029
1.3 United States Cannabis Outlook 2018 VS 2023 VS 2029
1.4 Cannabis Market Size, United States VS Global, 2018-2029
1.4.1 The Market Share of United States Cannabis in Global, 2018-2029
1.4.2 The Growth Rate of Cannabis Market Size, United States VS Global, 2018 VS 2023 VS 2029
1.5 Cannabis Market Dynamics
1.5.1 Cannabis Market Trends
1.5.2 Cannabis Market Drivers
1.5.3 Cannabis Market Challenges
1.5.4 Cannabis Market Restraints
1.6 Study Objectives
1.7 Years Considered
1.8 Coronavirus Disease (COVID-19) Impact on Global
2 Global Cannabis Competitor Landscape by Company
2.1 Global Cannabis Market Size by Company
2.1.1 Top Global Cannabis Player Ranked by Revenue (2023)
2.1.2 Global Cannabis Revenue by Player (2018-2023)
2.2 Global Cannabis Concentration Ratio (CR)
2.2.1 Cannabis Market Concentration Ratio (CR) (2018-2023)
2.2.2 Global Top 3 and Top 6 Largest Players of Cannabis in 2023
2.3 Global Cannabis Business Distribution, Business Type
2.3.1 Global Cannabis Players, Headquarters and Distribution
2.3.2 Players Cannabis Business Type
2.3.3 Date of International Players Enter into Cannabis Market
2.4 Players Mergers & Acquisitions, Expansion Plans
2.5 United States Cannabis Market Size by Company
2.5.1 Top United States Cannabis Player s Ranked by Revenue (2023)
2.5.2 United States Cannabis Revenue by Player (2018-2023)
3 Cannabis Market Segment by Type
3.1 Cannabis Market Segment by Type
3.2 Global Cannabis Market Size by Type
3.3 United States Cannabis Market Size by Type
4 Cannabis Market Segment by Application
4.1 Cannabis Market Segment by Application
4.2 Global Cannabis Market Size by Application
4.3 United States Cannabis Market Size by Application
5 Global Cannabis Market Size by Region
5.1 Global Cannabis Market Size by Region: 2018 VS 2023 VS 2029
5.2 Global Cannabis Market Size in Value by Region (2018-2029)
5.2.1 Global Cannabis Revenue by Region: 2018-2023
5.2.2 Global Cannabis Revenue by Region: 2023-2029
5.3 Global Cannabis Market Size in Volume by Region (2018-2029)
5.3.1 Global Cannabis Volume by Region: 2018-2023
5.3.2 Global Cannabis Volume by Region: 2023-2029
6 Segment in Regional Level & Country Level
6.1 North America
6.1.1 North America Cannabis Market Size YoY Growth 2018-2029
6.1.2 North America Cannabis Market Facts & Figures by Country (2018-2029)
6.1.3 U.S.
6.1.4 Canada
6.2 Asia Pacific
6.2.1 Asia Pacific Cannabis Market Size YoY Growth 2018-2029
6.2.2 Asia Pacific Cannabis Market Facts & Figures by Country (2018-2029)
6.2.3 China
6.2.4 Japan
6.2.5 South Korea
6.2.6 India
6.2.7 Australia
6.2.8 Southeast Asia
6.3 Europe
6.3.1 Europe Cannabis Market Size YoY Growth 2018-2029
6.3.2 Europe Cannabis Market Facts & Figures by Country (2018-2029)
6.3.3 Germany
6.3.4 France
6.3.5 UK
6.3.6 Italy
6.3.7 Russia
6.4 Latin America
6.4.1 Latin America Cannabis Market Size YoY Growth 2018-2029
6.4.2 Latin America Cannabis Market Facts & Figures by Country (2018-2029)
6.4.3 Mexico
6.4.4 Brazil
6.4.5 Argentina
6.5 Middle East and Africa
6.5.1 Middle East and Africa Cannabis Market Size YoY Growth 2018-2029
6.5.2 Middle East and Africa Cannabis Market Facts & Figures by Country (2018-2029)
6.5.3 Turkey
6.5.4 Saudi Arabia
6.5.5 UAE
7 Company Profiles
7.1 Aurora Cannabis Inc.
7.1.1 Aurora Cannabis Inc. Company Details
7.1.2 Description and Business Overview
7.1.3 Cannabis Introduction
7.1.4 Aurora Cannabis Inc. Cannabis Revenue, Sales, and Gross Margin (2018-2023)
7.1.5 Aurora Cannabis Inc. Recent Development
7.2 Tilray, Inc.
7.2.1 Tilray, Inc. Company Details
7.2.2 Description and Business Overview
7.2.3 Cannabis Introduction
7.2.4 Tilray, Inc. Cannabis Revenue, Sales, and Gross Margin (2018-2023)
7.2.5 Tilray, Inc. Recent Development
7.3 Canopy Growth Corporation
7.3.1 Canopy Growth Corporation Company Details
7.3.2 Description and Business Overview
7.3.3 Cannabis Introduction
7.3.4 Canopy Growth Corporation Cannabis Revenue, Sales, and Gross Margin (2018-2023)
7.3.5 Canopy Growth Corporation Recent Development
7.4 Cresco Labs, LLC
7.4.1 Cresco Labs, LLC Company Details
7.4.2 Description and Business Overview
7.4.3 Cannabis Introduction
7.4.4 Cresco Labs, LLC Cannabis Revenue, Sales, and Gross Margin (2018-2023)
7.4.5 Cresco Labs, LLC Recent Development
7.5 Curaleaf, Inc.
7.5.1 Curaleaf, Inc. Company Details
7.5.2 Description and Business Overview
7.5.3 Cannabis Introduction
7.5.4 Curaleaf, Inc. Cannabis Revenue, Sales, and Gross Margin (2018-2023)
7.5.5 Curaleaf, Inc. Recent Development
7.6 Ecofibre Ltd.
7.6.1 Ecofibre Ltd. Company Details
7.6.2 Description and Business Overview
7.6.3 Cannabis Introduction
7.6.4 Ecofibre Ltd. Cannabis Revenue, Sales, and Gross Margin (2018-2023)
7.6.5 Ecofibre Ltd. Recent Development
7.7 Green Thumb Industries Inc.
7.7.1 Green Thumb Industries Inc. Company Details
7.7.2 Description and Business Overview
7.7.3 Cannabis Introduction
7.7.4 Green Thumb Industries Inc. Cannabis Revenue, Sales, and Gross Margin (2018-2023)
7.7.5 Green Thumb Industries Inc. Recent Development
7.8 HEXO Operations Inc.
7.8.1 HEXO Operations Inc. Company Details
7.8.2 Description and Business Overview
7.8.3 Cannabis Introduction
7.8.4 HEXO Operations Inc. Cannabis Revenue, Sales, and Gross Margin (2018-2023)
7.8.5 HEXO Operations Inc. Recent Development
7.9 INDIVA Inc.
7.9.1 INDIVA Inc. Company Details
7.9.2 Description and Business Overview
7.9.3 Cannabis Introduction
7.9.4 INDIVA Inc. Cannabis Revenue, Sales, and Gross Margin (2018-2023)
7.9.5 INDIVA Inc. Recent Development
7.10 Maricann Inc.
7.10.1 Maricann Inc. Company Details
7.10.2 Description and Business Overview
7.10.3 Cannabis Introduction
7.10.4 Maricann Inc. Cannabis Revenue, Sales, and Gross Margin (2018-2023)
7.10.5 Maricann Inc. Recent Development
8 Industry Chain and Sales Channels Analysis
8.1 Cannabis Value Chain Analysis
8.2 Cannabis Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Distributors List
8.3 Cannabis Production Mode & Process
8.4 Cannabis Sales and Marketing
8.4.1 Magnetic Coupled Mixers Sales Channels
8.4.2 Magnetic Coupled Mixers Distributors
8.5 Magnetic Coupled Mixers Customers
9 Research Findings and Conclusion
10 Methodology and Data Source
10.1 A Methodology
10.1.1 Research Process
10.1.2 Market Size Estimation
10.1.3 Market Breakdown and Data Triangulation
10.2 B Data Source
10.2.1 Legal Disclaimer
Tables & Figures:
List of Tables and Figures
Figure Cannabis Product Picture
Table Global Cannabis Revenue, ($), 2018 VS 2023 VS 2029
Figure Global Cannabis Market Size 2018-2029 ($)
Table United States Cannabis Revenue, ($), 2018 VS 2023 VS 2029
Figure United States Cannabis Market Size 2018-2029 ($)
Figure United States Cannabis Market Share in Global, in Value 2018-2029
Table Cannabis CAGR in Value, United States VS Global, 2018 VS 2023 VS 2029
Table Cannabis Market Trends
Table Cannabis Market Drivers
Table Cannabis Market Challenges
Table Cannabis Market Restraints
Figure Cannabis Report Years Considered
Figure (COVID-19) Impact on Global Economic Growth 2019, 2020, 2021
Figure Population infected by the Covid-19 of Major Countries
Table Top Cannabis Players in Global Market, Ranking by Revenue (2023)
Table Global Cannabis Revenue by Player, ($), 2018-2023
Table Global Cannabis Revenue Share by Player, 2018-2023
Table Global Cannabis Players Market Concentration Ratio (CR5)
Figure The Top 3 and 6 Largest Players of Cannabis in the World: Market Share by Cannabis Revenue in 2023
Table Top Players of Cannabis in Global Market, Headquarters and Distribution
Table Players Cannabis Business Type
Table Date of International Players Enter into Cannabis Market
Table Players Mergers & Acquisitions, Expansion Plans
Table Top Cannabis Players in United States Market, Ranking by Revenue (2023)
Table United States Cannabis Revenue by Player, ($), 2018-2023
Table United States Cannabis Revenue Share by Player, 2018-2023
Table Global Cannabis Revenue by Type: 2023 VS 2029 ($)
Figure Global Cannabis Market Share by Type in 2023 & 2029
Figure Global Cannabis Revenue by Type (2018-2029) & ($)
Figure Global Cannabis Revenue Market Share in Value by Type (2018-2029)
Table United States Cannabis Revenue by Type: 2023 VS 2029 ($)
Figure United States Cannabis Market Share by Type in 2023 & 2029
Figure United States Cannabis Revenue by Type (2018-2029) & ($)
Figure United States Cannabis Revenue Market Share in Value by Type (2018-2029)
Table Global Cannabis Revenue by Application: 2023 VS 2029 ($)
Figure Global Cannabis Market Share by Application in 2023 & 2029
Figure Global Cannabis Revenue by Application (2018-2029) & ($)
Figure Global Cannabis Revenue Market Share in Value by Application (2018-2029)
Table United States Cannabis Revenue by Application: 2023 VS 2029 ($)
Figure United States Cannabis Market Share by Application in 2023 & 2029
Figure United States Cannabis Revenue by Application (2018-2029) & ($)
Figure United States Cannabis Revenue Market Share in Value by Application (2018-2029)
Table Global Cannabis Market Size by Region ($): 2018 VS 2023 VS 2029
Figure Global Cannabis Market Size Market Share by Region: 2018 VS 2023 VS 2029
Table Global Cannabis Revenue by Region (2018-2023) & ($)
Table Global Cannabis Revenue Forecast by Region (2023-2029) & ($)
Table Global Cannabis Revenue Market Share by Region (2018-2029)
Table Global Cannabis Volume by Region (2018-2023) & ($)
Table Global Cannabis Volume Forecast by Region (2023-2029) & ($)
Table Global Cannabis Volume Market Share by Region (2018-2029)
Figure North America Cannabis Revenue Growth Rate 2018-2029
Table North America Cannabis Revenue by Country (2018-2029) & ($)
Figure U.S. Cannabis Revenue Growth Rate (2018-2029) & ($)
Figure Canada Cannabis Revenue Growth Rate (2018-2029) & ($)
Figure Asia Pacific Cannabis Revenue Growth Rate 2018-2029 ($)
Table Asia Pacific Cannabis Revenue by Country (2018-2029) & ($)
Figure China Cannabis Revenue Growth Rate (2018-2029) & ($)
Figure Japan Cannabis Revenue Growth Rate (2018-2029) & ($)
Figure South Korea Cannabis Revenue Growth Rate (2018-2029) & ($)
Figure India Cannabis Revenue Growth Rate (2018-2029) & ($)
Figure Australia Cannabis Revenue Growth Rate (2018-2029) & ($)
Figure Southeast Asia Cannabis Revenue Growth Rate (2018-2029) & ($)
Figure Europe Cannabis Revenue Growth Rate 2018-2029 ($)
Table Europe Cannabis Revenue by Country (2018-2029) & ($)
Figure Germany Cannabis Revenue Growth Rate (2018-2029) & ($)
Figure France Cannabis Revenue Growth Rate (2018-2029) & ($)
Figure UK Cannabis Revenue Growth Rate (2018-2029) & ($)
Figure Italy Cannabis Revenue Growth Rate (2018-2029) & ($)
Figure Russia Cannabis Revenue Growth Rate (2018-2029) & ($)
Figure Latin America Cannabis Revenue Growth Rate 2018-2029 ($)
Table Latin America Cannabis Revenue by Country (2018-2029) & ($)
Figure Mexico Cannabis Revenue Growth Rate (2018-2029) & ($)
Figure Brazil Cannabis Revenue Growth Rate (2018-2029) & ($)
Figure Argentina Cannabis Revenue Growth Rate (2018-2029) & ($)
Figure Middle East and Africa Cannabis Revenue Growth Rate 2018-2029 ($)
Table Middle East and Africa Cannabis Revenue by Country (2018-2029) & ($)
Figure Turkey Cannabis Revenue Growth Rate (2018-2029) & ($)
Figure Saudi Arabia Cannabis Revenue Growth Rate (2018-2029) & ($)
Figure UAE Cannabis Revenue Growth Rate (2018-2029) & ($)
Table Aurora Cannabis Inc. Company Details
Table Description and Business Overview
Table Cannabis Introduction
Table Aurora Cannabis Inc. Cannabis Revenue, Sales, and Gross Margin (2018-2023) (Million USD)
Table Aurora Cannabis Inc. Recent Development
Table Tilray, Inc. Company Details
Table Description and Business Overview
Table Cannabis Introduction
Table Tilray, Inc. Cannabis Revenue, Sales, and Gross Margin (2018-2023) (Million USD)
Table Tilray, Inc. Recent Development
Table Canopy Growth Corporation Company Details
Table Description and Business Overview
Table Cannabis Introduction
Table Canopy Growth Corporation Cannabis Revenue, Sales, and Gross Margin (2018-2023) (Million USD)
Table Canopy Growth Corporation Recent Development
Table Cresco Labs, LLC Company Details
Table Description and Business Overview
Table Cannabis Introduction
Table Cresco Labs, LLC Cannabis Revenue, Sales, and Gross Margin (2018-2023) (Million USD)
Table Cresco Labs, LLC Recent Development
Table Curaleaf, Inc. Company Details
Table Description and Business Overview
Table Cannabis Introduction
Table Curaleaf, Inc. Cannabis Revenue, Sales, and Gross Margin (2018-2023) (Million USD)
Table Curaleaf, Inc. Recent Development
Table Ecofibre Ltd. Company Details
Table Description and Business Overview
Table Cannabis Introduction
Table Ecofibre Ltd. Cannabis Revenue, Sales, and Gross Margin (2018-2023) (Million USD)
Table Ecofibre Ltd. Recent Development
Table Green Thumb Industries Inc. Company Details
Table Description and Business Overview
Table Cannabis Introduction
Table Green Thumb Industries Inc. Cannabis Revenue, Sales, and Gross Margin (2018-2023) (Million USD)
Table Green Thumb Industries Inc. Recent Development
Table HEXO Operations Inc. Company Details
Table Description and Business Overview
Table Cannabis Introduction
Table HEXO Operations Inc. Cannabis Revenue, Sales, and Gross Margin (2018-2023) (Million USD)
Table HEXO Operations Inc. Recent Development
Table INDIVA Inc. Company Details
Table Description and Business Overview
Table Cannabis Introduction
Table INDIVA Inc. Cannabis Revenue, Sales, and Gross Margin (2018-2023) (Million USD)
Table INDIVA Inc. Recent Development
Table Maricann Inc. Company Details
Table Description and Business Overview
Table Cannabis Introduction
Table Maricann Inc. Cannabis Revenue, Sales, and Gross Margin (2018-2023) (Million USD)
Table Maricann Inc. Recent Development
Figure Cannabis Value Chain
Table Key Raw Materials
Table Major Distributors of Cannabis with Contact Information
Table Research Process
Figure Bottom-up and Top-down Approaches for This Report
Research Methodology:
Global and United States Cannabis Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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