Canada Legal Marijuana Market Size & Outlook, 2023-2030
Canada Legal Marijuana Market, 2018-2030 (US$M)
Global Market
Related Markets
Canada legal marijuana market highlights
- The Canada legal marijuana market generated a revenue of USD 2,165.2 million in 2023 and is expected to reach USD 6,584.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 17.2% from 2024 to 2030.
- In terms of segment, medical use was the largest revenue generating application in 2023.
- Adult Use is the most lucrative application segment registering the fastest growth during the forecast period.
Legal marijuana market data book summary
| Market revenue in 2023 | USD 2,165.2 million |
| Market revenue in 2030 | USD 6,584.5 million |
| Growth rate | 17.2% (CAGR from 2023 to 2030) |
| Largest segment | Medical use |
| Fastest growing segment | Adult Use |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Medical Use, Adult Use |
| Key market players worldwide | Canopy Growth Corp, Aurora Cannabis Inc, Tilray Brands Inc, MediPharm Labs Corp, The Cronos Group, Wayland Group Corp, OrganiGram Holdings Inc, Lexaria Bioscience Corp, GW Pharmaceuticals |
Other key industry trends
- In terms of revenue, Canada accounted for 10.3% of the global legal marijuana market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. legal marijuana 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 6,584.5 million by 2030.
In 1923, Canadian government put a ban on marijuana under its Opium and Narcotics Control Act. It was only in 2001 that the government legalized access to medical marijuana through its Marihuana for Medical Access Regulations (MMAR).
In August 2016, Canadian government laid down Access to Cannabis for Medical Purpose Regulations (ACMPR), which replaced the previous laws.The Cannabis Act 2018 fabricates a framework to regulate the production, sale, and possession of cannabis throughout Canada.
Since past few years, Canada has been on the forefront of legalization of medical marijuana.The number of patients seeking medical marijuana therapy has drastically increased since past 2 years in Canada, owing to the legalization of medical marijuana.
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Legal Marijuana Market Scope
Legal Marijuana 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 |
| MediPharm Labs Corp | View profile | 166 | 151 John Street, Barrie, ON, Canada, L4N 2L1 | www.medipharmlabs.com |
| GW Pharmaceuticals | View profile | 51-100 | Histon, Cambridgeshire, United Kingdom, Europe | gwpharm.com |
| Wayland Group Corp | View profile | - | 845 Harrington Court, Unit 3, Burlington, ON, Canada, L7N 3P3 | www.waylandgroup.com |
| Lexaria Bioscience Corp | View profile | 3 | 740 McCurdy Road, Suite 100, Kelowna, BC, Canada, V1X 2P7 | www.lexariabioscience.com |
Canada Legal Marijuana 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 Legal Marijuana Market Outlook will help companies and investors design strategic landscapes.
Medical Use was the largest segment with a revenue share of 76.93% in 2023.
Horizon Databook has segmented the Canada legal marijuana market based on medical use, adult use covering the revenue growth of each sub-segment from 2018 to 2030.
In 1923, Canadian government put a ban on marijuana under its Opium and Narcotics Control Act. It was only in 2001 that the government legalized access to medical marijuana through its Marihuana for Medical Access Regulations (MMAR).
In August 2016, Canadian government laid down Access to Cannabis for Medical Purpose Regulations (ACMPR), which replaced the previous laws.The Cannabis Act 2018 fabricates a framework to regulate the production, sale, and possession of cannabis throughout Canada.
Since past few years, Canada has been on the forefront of legalization of medical marijuana.The number of patients seeking medical marijuana therapy has drastically increased since past 2 years in Canada, owing to the legalization of medical marijuana.
- Canada Legal Marijuana Market Application Outlook (Revenue, USD Million , 2018-2030)
- Medical Use
- Adult Use
- Canada Legal Marijuana Market Product Outlook (Revenue, USD Million , 2018-2030)
- Flower
- Oil and Tinctures
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Legal Marijuana Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Legal Marijuana Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Canada Legal Marijuana Market, 2018-2030 (US$M)
Canada legal marijuana market statistics, by application, 2018-2030 (US$M)
