U.S. Cannabis Cultivation Market Size & Outlook, 2022-2030
U.S. Cannabis Cultivation Market, 2018-2030 (US$M)
Global Market
Related Markets
U.S. cannabis cultivation market highlights
- The U.S. cannabis cultivation market generated a revenue of USD 12,580.4 million in 2022 and is expected to reach USD 26,756.1 million by 2030.
- The U.S. market is expected to grow at a CAGR of 9.9% from 2023 to 2030.
- In terms of segment, hemp was the largest revenue generating biomass in 2022.
- Marijuana is the most lucrative biomass segment registering the fastest growth during the forecast period.
Cannabis cultivation market data book summary
| Market revenue in 2022 | USD 12,580.4 million |
| Market revenue in 2030 | USD 26,756.1 million |
| Growth rate | 9.9% (CAGR from 2022 to 2030) |
| Largest segment | Hemp |
| Fastest growing segment | Marijuana |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hemp, Marijuana |
| Key market players worldwide | Canopy Growth Corp, Aurora Cannabis Inc, Tilray Brands Inc, The Cronos Group, OrganiGram Holdings Inc, Atlas Growers, CannTrust Holdings Inc, The Hydropothecary Corp, Cannabist Company Holdings Inc, Aurora Cannabis |
Other key industry trends
- In terms of revenue, U.S. accounted for 3.2% of the global cannabis cultivation market in 2022.
- Country-wise, South Africa is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. cannabis cultivation market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 26,756.1 million by 2030.
The U.S. is one of the major countries for cultivation of cannabis, and it is among the countries undertaking initiatives to legalize cannabis. Moreover, the country has the largest consumer base owing to high awareness about cannabis.
Introduction of 2018 Farm Bill that legalized hemp products in the country and increase in preference for cannabis as well as hemp products are factors boosting their cultivation in the country. As of 2020, 22 states have legalized medical cannabis and 11 states have legalized recreational cannabis.
California was the first state to legalize the medical use of cannabis in the U.S. Some of the other states followed suit and approved the use of cannabis for medical purposes, due to its high demand by patients and increasing awareness regarding the medical benefits.
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Cannabis Cultivation Market Scope
Cannabis Cultivation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Aurora Cannabis Inc | View profile | 1,130 | 3498 63 Avenue, Leduc, AB, Canada, T9E 0G8 | www.auroramj.com |
| Canopy Growth Corp | View profile | 1,621 | 1 Hershey Drive, Smiths Falls, ON, Canada, K7A 0A8 | www.canopygrowth.com |
| Tilray Brands Inc | View profile | 1,600 | 265 Talbot Street West, Leamington, ON, Canada, N8H 5L4 | www.tilray.com |
| The Cronos Group | View profile | 1001-5000 | Kontich, Antwerpen, Belgium, Europe | cronos-groep.be/ |
| OrganiGram Holdings Inc | View profile | 987 | 145 King Street West, Suite 1400, Toronto, ON, Canada, M5H 1J8 | www.organigram.ca |
| Atlas Growers | View profile | 11-50 | Edmonton, Alberta, Canada, North America | www.atlasgrowers.com |
| CannTrust Holdings Inc | View profile | 576 | 3280 Langstaff Road, Unit 1, Building 1, Vaughan, ON, Canada, L4K 4Z8 | www.canntrust.ca |
| The Hydropothecary Corp | View profile | 101-250 | Gatineau, Quebec, Canada, North America | thehydropothecary.com/ |
| Cannabist Company Holdings Inc | View profile | 2,221 | 680 Fifth Avenue, 24th Floor, New York, NY, United States, 10019 | cannabistcompany.com |
| Aurora Cannabis | View profile | 1001-5000 | Edmonton, Alberta, Canada, North America | auroramj.com |
U.S. Cannabis Cultivation 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 Cannabis Cultivation Market Outlook will help companies and investors design strategic landscapes.
Hemp was the largest segment with a revenue share of 80.17% in 2022.
Horizon Databook has segmented the U.S. cannabis cultivation market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. is one of the major countries for cultivation of cannabis, and it is among the countries undertaking initiatives to legalize cannabis. Moreover, the country has the largest consumer base owing to high awareness about cannabis.
Introduction of 2018 Farm Bill that legalized hemp products in the country and increase in preference for cannabis as well as hemp products are factors boosting their cultivation in the country. As of 2020, 22 states have legalized medical cannabis and 11 states have legalized recreational cannabis.
California was the first state to legalize the medical use of cannabis in the U.S. Some of the other states followed suit and approved the use of cannabis for medical purposes, due to its high demand by patients and increasing awareness regarding the medical benefits.
- U.S. Cannabis Cultivation Market Biomass Outlook (Revenue, USD Million , 2018-2030)
- Hemp
- Marijuana
- U.S. Cannabis Cultivation Market Application Outlook (Revenue, USD Million , 2018-2030)
- Medical
- Adult Use
- Industrial
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. Cannabis Cultivation Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.S. Cannabis Cultivation Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
U.S. Cannabis Cultivation Market, 2018-2030 (US$M)
U.S. cannabis cultivation market statistics, by biomass, 2018-2030 (US$M)
