Canada Cannabidiol Market Size & Outlook, 2024-2030
- Cannabis
- Cannabidiol & Cannabinoids
- Cannabidiol Market Outlook
- Cannabidiol & Cannabinoids
Global Market
Related Markets
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Canada cannabidiol market highlights
- The Canada cannabidiol market generated a revenue of USD 1,118.5 million in 2024 and is expected to reach USD 2,806.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 16.6% 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 1,118.5 million |
| Market revenue in 2030 | USD 2,806.4 million |
| Growth rate | 16.6% (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, Canada accounted for 12.2% 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 North America, U.S. cannabidiol market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2,806.4 million by 2030.
Canada has legalized the production and sale of both CBD and THC-potent marijuana for medical purposes governed by Health Canada. The Cannabis Act 2018 fabricates a framework to regulate the production, sale, and possession of cannabis throughout Canada. The availability of CBD is authorized only by prescription in the country.
The Canadian government has placed certain restrictions on the type of cannabis extracts to be sold legally. Cannabis in the form of prerolled joints, flower buds, and cannabis oil, seeds, & plants can be sold, but concentrates and edibles are exempted from being sold. Another important factor to be considered is the age limit; the product is accessible only to individuals over 19 years of age.
Moreover, as per Canada's 2023-24 Departmental Plan, Health Canada will work with stakeholders such as Indigenous communities, public health organizations, and law enforcement to effectively implement the cannabis legislative & regulatory framework.
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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 |
Canada 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 54.64% in 2024.
Horizon Databook has segmented the Canada cannabidiol market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
Canada has legalized the production and sale of both CBD and THC-potent marijuana for medical purposes governed by Health Canada. The Cannabis Act 2018 fabricates a framework to regulate the production, sale, and possession of cannabis throughout Canada. The availability of CBD is authorized only by prescription in the country.
The Canadian government has placed certain restrictions on the type of cannabis extracts to be sold legally. Cannabis in the form of prerolled joints, flower buds, and cannabis oil, seeds, & plants can be sold, but concentrates and edibles are exempted from being sold. Another important factor to be considered is the age limit; the product is accessible only to individuals over 19 years of age.
Moreover, as per Canada's 2023-24 Departmental Plan, Health Canada will work with stakeholders such as Indigenous communities, public health organizations, and law enforcement to effectively implement the cannabis legislative & regulatory framework.
- Canada Cannabidiol Market Product Outlook (Revenue, USD Million , 2018-2030)
- Hemp
- Marijuana
- Canada 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 Canada Cannabidiol Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Cannabidiol Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Canada Cannabidiol Market, 2018-2030 (US$M)
Canada cannabidiol market statistics, by product, 2018-2030 (US$M)
