Argentina Cannabidiol Market Size & Outlook, 2024-2030
- Cannabis
- Cannabidiol & Cannabinoids
- Cannabidiol Market Outlook
- Cannabidiol & Cannabinoids
Global Market
Related Markets
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Argentina cannabidiol market highlights
- The Argentina cannabidiol market generated a revenue of USD 10.5 million in 2024 and is expected to reach USD 26.2 million by 2030.
- The Argentina market is expected to grow at a CAGR of 16.5% from 2025 to 2030.
- In terms of segment, hemp was the largest revenue generating product in 2024.
- Hemp is the most lucrative product segment registering the fastest growth during the forecast period.
Cannabidiol market data book summary
| Market revenue in 2024 | USD 10.5 million |
| Market revenue in 2030 | USD 26.2 million |
| Growth rate | 16.5% (CAGR from 2025 to 2030) |
| Largest segment | Hemp |
| Fastest growing segment | Hemp |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hemp, Marijuana |
| Key market players worldwide | Medical Marijuana Inc, Canopy Growth Corp, Elixinol Wellness Ltd Ordinary Shares, The Cronos Group, Isodiol International Inc, Endoca, Folium Biosciences, NuLeaf Naturals, PharmaHemp |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.1% of the global cannabidiol market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Mexico cannabidiol market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 91.4 million by 2030.
Argentina legalized the use of CBD for medical purposes in 2017. Argentina passed a law in 2020 that legalized the home cultivation of marijuana for medicinal purposes, as well as the sale of cannabis-derived products in pharmacies. The law also mandated that medical insurance cover marijuana-based medicines for patients with written consent from a physician.
Medical CBD produced is used in treating palliative care to reduce pain in diseases such as arthritis and rheumatism the regulated framework has been laid down by the government for the cultivation of cannabis. Breaching regulation would lead to a fine of up to 100,000 pesos (USD 2,421). In February 2023, Argentina established a new national agency, ARICCAME, with the objective of expanding the country's cannabis industry.
The move is expected to create new jobs and export opportunities for the nation. Speaking at the conference launching ARICCAME, Economy Minister Sergio Massa emphasized the potential for Argentina to meet the high global demand for industrial exports in the cannabis sector.
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Cannabidiol Market Scope
Cannabidiol Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Canopy Growth Corp | View profile | 1,621 | 1 Hershey Drive, Smiths Falls, ON, Canada, K7A 0A8 | www.canopygrowth.com |
| The Cronos Group | View profile | 1001-5000 | Kontich, Antwerpen, Belgium, Europe | cronos-groep.be/ |
| Medical Marijuana Inc | View profile | 85 | 2384 La Mirada Drive, Vista, CA, United States, 92081 | www.medicalmarijuanainc.com |
| Elixinol Wellness Ltd Ordinary Shares | View profile | - | 680 George Street, Level 12, Sydney, NSW, Australia, 2000 | www.elixinolwellness.com |
| Isodiol International Inc | View profile | 197 | 200 Granville Street, Suite 2710, Vancouver, BC, Canada, V6C 1S4 | www.isodiol.com |
| Endoca | View profile | 1-10 | Hoofddorp, Noord-Holland, The Netherlands, Europe | www.endoca.com/pl |
| Folium Biosciences | View profile | 101-250 | Colorado Springs, Colorado, United States, North America | foliumbiosciences.com/ |
| NuLeaf Naturals | View profile | 51-100 | Denver, Colorado, United States, North America | nuleafnaturals.com/ |
| PharmaHemp | View profile | 51-100 | Ljubljana, Ljubljana Urban Commune, Slovenia, Europe | b2b.pharma-hemp.com |
Argentina Cannabidiol 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 Cannabidiol Market Outlook will help companies and investors design strategic landscapes.
Hemp was the largest segment with a revenue share of 73.33% in 2024.
Horizon Databook has segmented the Argentina cannabidiol market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
Argentina legalized the use of CBD for medical purposes in 2017. Argentina passed a law in 2020 that legalized the home cultivation of marijuana for medicinal purposes, as well as the sale of cannabis-derived products in pharmacies. The law also mandated that medical insurance cover marijuana-based medicines for patients with written consent from a physician.
Medical CBD produced is used in treating palliative care to reduce pain in diseases such as arthritis and rheumatism the regulated framework has been laid down by the government for the cultivation of cannabis. Breaching regulation would lead to a fine of up to 100,000 pesos (USD 2,421). In February 2023, Argentina established a new national agency, ARICCAME, with the objective of expanding the country's cannabis industry.
The move is expected to create new jobs and export opportunities for the nation. Speaking at the conference launching ARICCAME, Economy Minister Sergio Massa emphasized the potential for Argentina to meet the high global demand for industrial exports in the cannabis sector.
- Argentina Cannabidiol Market Product Outlook (Revenue, USD Million , 2018-2030)
- Hemp
- Marijuana
- Argentina Cannabidiol Market Sale Type Outlook (Revenue, USD Million , 2018-2030)
- B2B
- B2C
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina Cannabidiol Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Argentina Cannabidiol Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Argentina Cannabidiol Market, 2018-2030 (US$M)
Argentina cannabidiol market statistics, by product, 2018-2030 (US$M)
