Uruguay Cannabis Cultivation Market Size & Outlook
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Uruguay cannabis cultivation market highlights
- The Uruguay cannabis cultivation market generated a revenue of USD 808.4 million in 2022 and is expected to reach USD 4,156.0 million by 2030.
- The Uruguay market is expected to grow at a CAGR of 22.7% 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 808.4 million |
| Market revenue in 2030 | USD 4,156.0 million |
| Growth rate | 22.7% (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, Uruguay accounted for 0.2% 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 Latin America, Chile cannabis cultivation market is projected to lead the regional market in terms of revenue in 2030.
- Colombia is the fastest growing regional market in Latin America and is projected to reach USD 2,020.1 million by 2030.
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Cannabis Cultivation Market Scope
Cannabis Cultivation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Aurora Cannabis | View profile | 1001-5000 | Edmonton, Alberta, Canada, North America | https://auroramj.com |
| Cannabist Company Holdings Inc | View profile | 2221 | 680 Fifth Avenue, 24th Floor, New York, NY, United States, 10019 | https://cannabistcompany.com |
| The Hydropothecary Corp | View profile | 101-250 | Gatineau, Quebec, Canada, North America | https://thehydropothecary.com/ |
| CannTrust Holdings Inc | View profile | 576 | 3280 Langstaff Road, Unit 1, Building 1, Vaughan, ON, Canada, L4K 4Z8 | https://www.canntrust.ca |
| Atlas Growers | View profile | 11-50 | Edmonton, Alberta, Canada, North America | https://www.atlasgrowers.com |
| OrganiGram Holdings Inc | View profile | 987 | 145 King Street West, Suite 1400, Toronto, ON, Canada, M5H 1J8 | https://www.organigram.ca |
| The Cronos Group | View profile | 1001-5000 | Kontich, Antwerpen, Belgium, Europe | https://cronos-groep.be/ |
| Tilray Brands Inc | View profile | 1600 | 265 Talbot Street West, Leamington, ON, Canada, N8H 5L4 | https://www.tilray.com |
| Canopy Growth Corp | View profile | 1621 | 1 Hershey Drive, Smiths Falls, ON, Canada, K7A 0A8 | https://www.canopygrowth.com |
| Aurora Cannabis Inc | View profile | 1130 | 3498 63 Avenue, Leduc, AB, Canada, T9E 0G8 | https://www.auroramj.com |
Uruguay 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 will help companies and investors design strategic landscapes.
Hemp was the largest segment with a revenue share of 78.19% in 2022. Horizon Databook has segmented the Uruguay cannabis cultivation market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
Uruguay had legalized sale of medical and recreational marijuana in 2012. The government of Uruguay launched medical marijuana program in 2017, which made registration with the government mandatory for purchasing or growing cannabis.
The government regulates cultivation, distribution, and prices of medical marijuana. Furthermore, cannabis has never been criminalized in Uruguay, as the government had legalized medical and recreational marijuana with the hope of reducing drug-related crimes and restraining the marijuana black market.
Hence, the price of marijuana in pharmacies is less than the price of marijuana available on the street, which, in turn, promotes legal marijuana purchases. International Cannabis Corporation (ICC)—a company headquartered in Montevideo—produced its first batch of medical cannabis oil for export in October 2017.
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Our clientele includes a mix of cannabis cultivation market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Uruguay cannabis cultivation market , including forecasts for subscribers. This country databook contains high-level insights into Uruguay cannabis cultivation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Uruguay cannabis cultivation market size, by biomass, 2018-2030 (US$M)
Uruguay Cannabis Cultivation Market Outlook Share, 2022 & 2030 (US$M)
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