カンナビス市場 – 2030年までの世界予測

Cannabis Market - Global Forecast To 2030

カンナビス市場 - 化合物タイプ(THC優位、CBD優位、THCとCBDのバランス)、製品タイプ(花/つぼみ、オイル/チンキ剤、食用、外用、その他の製品タイプ)、用途(医療用、娯楽用、工業用、栄養補助食品およびウェルネス用、化粧品およびパーソナルケア用)、原料(麻、マリファナ)および地域別 - 2030年までの世界予測
Cannabis Market by Compound Type (THC-dominant, CBD-dominant, Balanced THC & CBD), Product Type (Flowers/Buds, Oil/Tinctures, Edibles, Topicals, Other Product Types), Application (Medical Use, Recreational Use, Industrial Use, Nutraceutical & Wellness Use, Cosmetics & Personal Care Use), Source (Hemp, Marijuana) and Region - Global Forecast to 2030

商品番号 : SMB-21244

出版社MarketsandMarkets
出版年月2025年7月
ページ数325
図表数326
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本調査レポートは、カンナビス市場を化合物(THC優位、CBD優位、THCとCBDのバランス)、製品タイプ(花/つぼみ、オイル/チンキ、食用、外用、その他)、用途(医療用、娯楽用、工業用、栄養補助食品・ウェルネス用、化粧品・パーソナルケア用)、原料(麻、マリファナ)、地域(北米、欧州、アジア太平洋、南米、その他)別に分類しています。レポートでは、カンナビス市場の成長に影響を与える推進要因、制約、課題、機会など、主要な要因に関する詳細な情報を網羅しています。主要業界プレーヤーの徹底的な分析により、事業概要、サービス、主要戦略、契約、パートナーシップ、合意、新サービスの開始、合併・買収、そしてカンナビス市場に関連する最近の動向に関する洞察が提供されます。カンナビスエコシステムにおける新興企業の競合分析も含まれています。さらに、この調査では、技術分析、エコシステムと市場のマッピング、特許と規制の状況などの業界固有の傾向も取り上げられています。

世界のカンナビス市場は、2025年には728億3,000万米ドルに達すると推定され、2030年には1,257億6,000万米ドルに達すると予測されています。予測期間中の年平均成長率(CAGR)は11.5%です。医療用大麻の需要増加が、この市場を牽引する大きな要因となっています。臨床研究においてTHCやCBDといったカンナビノイドの治療効果が検証されるにつれ、慢性疼痛、てんかん、多発性硬化症、不安障害、睡眠障害といった症状に対する医療用大麻を合法化する国や州が増えています。その結果、従来の医薬品に代わる植物由来の天然成分による代替品を積極的に求める患者層が増加しています。さらに、オイル、カプセル、食用、外用剤などの製品処方の進歩により、大麻ベースの治療はよりアクセスしやすく、目立たず、投与も容易になっています。様々な地域の規制当局も医療用大麻プログラムを拡大し、標準化された投与量と安全性プロファイルを備えた医薬品グレードの製品開発を奨励しています。医療用大麻の健康上の利点に関する消費者の意識の高まり、政府の支援政策、臨床採用の増加が相まって、市場の需要がさらに加速し、世界中の生産者、販売業者、医療提供者に新たな機会が生まれています。

The global market for cannabis is estimated to be valued at USD 72.83 billion in 2025 and is projected to reach USD 125.76 billion by 2030, at a CAGR of 11.5% during the forecast period. The increasing demand for medical cannabis is a major market driver. As clinical research continues to validate the therapeutic potential of cannabinoids like THC and CBD, more countries and states are legalizing medical cannabis for conditions such as chronic pain, epilepsy, multiple sclerosis, anxiety, and sleep disorders. This has led to a growing patient base actively seeking plant-based, natural alternatives to traditional pharmaceuticals. Additionally, advancements in product formulations such as oils, capsules, edibles, and topicals are making cannabis-based treatments more accessible, discreet, and easy to administer. Regulatory agencies in various regions are also expanding medical cannabis programs, encouraging the development of pharmaceutical-grade products with standardized dosing and safety profiles. Rising consumer awareness about the health benefits of medical cannabis, combined with supportive government policies and increased clinical adoption, is further accelerating market demand, creating new opportunities for producers, distributors, and healthcare providers worldwide.

カンナビス市場 - 2030年までの世界予測
cannabis-market-new

“The industrial use segment is expected to be the second-fastest-growing application in the cannabis market.”

Industrial applications include textiles, with hemp being a key component. Textile-use cannabis refers to cultivating industrial hemp, a type of cannabis plant grown specifically for its strong, durable fibers rather than its psychoactive compounds. Hemp fibers are valued for their sustainability, strength, and versatility in textiles. They are commonly used to create fabrics, ropes, twines, carpets, insulation, upholstery, canvas, and eco-friendly clothing. Known for being lightweight, breathable, and resistant to pests and UV rays, hemp textiles are also biodegradable and require less water and chemicals than cotton. As demand for sustainable materials grows, hemp-based textiles are increasingly preferred in fashion, home decor, and industrial fabric applications.

“The marijuana segment holds the largest share of the cannabis market, by source.”

Marijuana refers to the dried flowers, leaves, stems, and seeds of the cannabis plant that contain psychoactive compounds, mainly tetrahydrocannabinol (THC). It is used in various forms, including dried flowers (for smoking or vaping), edibles, oils, tinctures, topicals, and concentrates. Its uses range from recreational purposes, such as relaxation and euphoria, to medical treatments for chronic pain, epilepsy, anxiety, and nausea. In March 2025, Aurora Cannabis Inc. announced a breakthrough in plant genetics, developing a powdery mildew-resistant marijuana strain through its Aurora Coast R&D program, which improves crop health, yield, and reliability for both recreational and medical marijuana cultivation.

カンナビス市場 - 2030年までの世界予測 region
cannabis-market-new-region

Asia Pacific holds a significant market share in the global cannabis market.

The Asia Pacific cannabis market is gaining momentum, driven by increased awareness of medical cannabis benefits, evolving regulatory frameworks, and growing demand for plant-based wellness options. Countries like Thailand, Australia, and New Zealand have legalized medical cannabis, while others, such as Japan and South Korea, have allowed limited therapeutic use under strict regulations. The region’s expanding senior population and increasing cases of chronic conditions like cancer and arthritis are further boosting demand for cannabis-based treatments. Additionally, interest in hemp-based textiles, food, and cosmetics is growing. A notable development occurred in April 2025, when Tilray introduced Good Supply medical cannabis pastilles in Australia, marking its strategic entry into the country’s growing medical cannabis market.

In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the cannabis market:

  • By Company Type: Tier 1 – 25%, Tier 2 – 45%, and Tier 3 – 30%
  • By Designation: Directors– 20%, Managers – 50%, Executives- 30%
  • By Region: North America – 25%, Europe – 30%, Asia Pacific – 20%, South America – 15% and Rest of the World –10%

Prominent companies in the market include Canopy Growth Corporation (Canada), Curaleaf (US), Cresco Labs (US), Green Thumb Industries (GTI) (US), Tilray Brands (US), Aurora Cannabis Inc. (Canada), Trulieve (US), MedMen (US), Blüm Holdings Inc. (US), Organigram Global (Canada), TerrAscend (US), Village Farms International Inc. (US), Verano (US), The Cronos Group (Canada), and Medical Marijuana, Inc. (US).

カンナビス市場 - 2030年までの世界予測 ecosystem
cannabis-market-new-ecosystem

Other players include Vivo Cannabis Inc. (Canada), Ecofibre (Australia), Tikun Olam (Israel), Maricann Inc. (Canada), Satipharm (Canada), CannaBliss Organic LLC (US), Connected Cannabis Co. (US), Justice Cannabis Co. (US), Heritage Holding of California, LLC (US), Somai Pharmaceuticals (Portugal).

Research Coverage:

This research report categorizes the cannabis market by compound (THC-dominant, CBD-dominant, balanced THC & CBD), product type (flowers/buds, oil/tinctures, edibles, topicals, other products), application (medical use, recreational use, industrial use, nutraceutical & wellness use, cosmetics & personal care), source (hemp, marijuana), and region (North America, Europe, Asia Pacific, South America, and Rest of the World). The scope of the report covers detailed information about major factors such as drivers, restraints, challenges, and opportunities influencing the growth of the cannabis market. A thorough analysis of key industry players provides insights into their business overview, services, key strategies, contracts, partnerships, agreements, new service launches, mergers and acquisitions, and recent developments related to the cannabis market. Competitive analysis of upcoming startups in the cannabis ecosystem is included. Additionally, industry-specific trends such as technology analysis, ecosystem and market mapping, and patent and regulatory landscapes are also covered in this study.

Reasons to buy this report:

The report will assist market leaders and new entrants by providing estimates of revenue figures for the overall cannabis market and its subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and develop effective go-to-market strategies. Additionally, the report helps stakeholders grasp the market’s pulse and offers information on key drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (increasing cannabis demand for medicinal applications), restraints (complex regulatory structure for cannabis usage), opportunities (inorganic growth strategies adopted by US cannabis companies), and challenges (intensive water consumption and inability to maintain consistency during cannabis cultivation)
  • New service launch/innovation: Detailed insights on R&D activities and service launches in the cannabis market
  • Market Development: Comprehensive information about lucrative markets—the report analyzes the cannabis market across varied regions
  • Market Diversification: Exhaustive information about new services, untapped geographies, recent developments, and investments in the cannabis market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, brand/product comparisons, and product footprints of leading players such as Canopy Growth Corporation (Canada), Curaleaf (US), Cresco Labs (US), Green Thumb Industries (GTI) (US), Tilray Brands (US), and others in the cannabis market

Table of Contents

1               INTRODUCTION              27

1.1           STUDY OBJECTIVES       27

1.2           MARKET DEFINITION   27

1.3           STUDY SCOPE   28

1.3.1        CANNABIS MARKET SEGMENTATION AND REGIONAL SCOPE  28

1.3.2        YEARS CONSIDERED      29

1.3.3        CURRENCY CONSIDERED            30

1.4           VOLUME UNIT  30

1.5           STAKEHOLDERS               30

1.6           SUMMARY OF CHANGES               31

2               RESEARCH METHODOLOGY       32

2.1           RESEARCH DATA              32

2.1.1        SECONDARY DATA          33

2.1.1.1    Key data from secondary sources       33

2.1.2        PRIMARY DATA 33

2.1.2.1    Key data from primary sources           34

2.1.2.2    Key industry insights           34

2.1.2.3    Breakdown of primary interviews      35

2.2           MARKET SIZE ESTIMATION         35

2.2.1        BOTTOM-UP APPROACH              36

2.2.2        TOP-DOWN APPROACH                37

2.3           DATA TRIANGULATION                38

2.4           RESEARCH ASSUMPTIONS           39

2.5           RESEARCH LIMITATIONS             39

2.6           RISK ASSESSMENT           39

2.7           FACTOR ANALYSIS          40

3               EXECUTIVE SUMMARY  41

4               PREMIUM INSIGHTS       46

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CANNABIS MARKET        46

4.2           CANNABIS MARKET, BY COUNTRY           47

4.3           NORTH AMERICA: CANNABIS MARKET, BY COMPOUND TYPE AND COUNTRY     47

4.4           CANNABIS MARKET, BY SOURCE               48

4.5           CANNABIS MARKET, BY COMPOUND TYPE          49

4.6           CANNABIS MARKET, BY APPLICATION  49

4.7           CANNABIS MARKET, BY PRODUCT TYPE               50

5               MARKET OVERVIEW       51

5.1           INTRODUCTION              51

5.2           MACROECONOMIC OUTLOOK  51

5.2.1        INCREASE IN CANNABIS PRODUCTION 51

5.2.2        RISING ANXIETY IN US ADULT POPULATION     52

5.3           MARKET DYNAMICS       54

5.3.1        DRIVERS               54

5.3.1.1    Increasing cannabis demand for medicinal applications                 54

5.3.1.2    Legalization & regulatory support     55

5.3.1.3    Advancing R&D and technology as catalysts for cannabis industry growth    58

5.3.1.4    Rising global cannabis sales helping online retailers expand                 59

5.3.1.5    Shift toward natural & plant-based products   60

5.3.2        RESTRAINTS      60

5.3.2.1    Regulatory complexity and lack of uniform product standards                 60

5.3.2.2    Illicit market competition in California             61

5.3.2.3    Overcoming persistent social stigma and negative perceptions                 61

5.3.3        OPPORTUNITIES              62

5.3.3.1    Building cannabis tourism and lifestyle experiences       62

5.3.3.2    Focus on pet wellness and veterinary cannabis                63

5.3.3.3    Rising emphasis on inorganic growth and strong potential for advancement         63

5.3.4        CHALLENGES    64

5.3.4.1    Building consumer education and awareness  64

5.3.4.2    Hiring and retaining skilled workforce              64

5.3.4.3    High water usage and challenges in achieving consistent quality                 65

5.3.4.4    Advertising and marketing restrictions             65

5.4           IMPACT OF GEN AI ON CANNABIS MARKET         66

5.4.1        INTRODUCTION              66

5.4.2        CASE STUDY ANALYSIS 68

5.4.2.1    Tilray leverages digital platforms and AI-driven insights to optimize product innovation and consumer engagement               68

5.4.3        IMPACT ANALYSIS: CANNABIS MARKET                 68

5.4.4        ADJACENT ECOSYSTEMS USING GENERATIVE AI                 68

6               INDUSTRY TRENDS         70

6.1           INTRODUCTION              70

6.2           SUPPLY CHAIN ANALYSIS             70

6.3           VALUE CHAIN ANALYSIS               71

6.3.1        RESEARCH AND DEVELOPMENT (R&D) 72

6.3.2        RAW MATERIAL SOURCING         72

6.3.3        PRODUCTION   72

6.3.4        PACKAGING & STORAGE              72

6.3.5        DISTRIBUTION & RETAIL QUALITY CHECKS       72

6.3.6        CONSUMER FEEDBACK & REGULATORY SURVEILLANCE                 73

6.4           TRADE ANALYSIS             73

6.4.1        EXPORT DATA FOR HS CODE 530210       73

6.4.2        IMPORT DATA FOR HS CODE 530210       75

6.5           TECHNOLOGY ANALYSIS             77

6.5.1        KEY TECHNOLOGIES     77

6.5.1.1    Led Glow Light     77

6.5.1.2    Nanoencapsulation               77

6.5.1.3    Artificial Intelligence and Blockchain                78

6.5.2        COMPLEMENTARY TECHNOLOGIES       78

6.5.2.1    Crop Steering        78

6.5.2.2    Vertical Farming  79

6.5.2.3    Innovative Hardware Tech Devices  79

6.5.3        ADJACENT TECHNOLOGIES       80

6.5.3.1    IOT Automation   80

6.5.3.2    Genetic Engineering            81

6.6           PRICING ANALYSIS          81

6.6.1        INDICATIVE SELLING PRICE TREND, BY KEY PLAYER                 81

6.6.2        INDICATIVE SELLING PRICE TREND, BY SOURCE                 82

6.6.3        INDICATIVE SELLING PRICE TREND, BY REGION                 82

6.7           ECOSYSTEM ANALYSIS  83

6.7.1        SUPPLY SIDE     83

6.7.2        DEMAND SIDE  83

6.8           TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES       85

6.9           PATENT ANALYSIS          86

6.10         KEY CONFERENCES AND EVENTS, 2025–2026        91

6.11         TARIFFS AND REGULATORY LANDSCAPE             91

6.11.1      TARIFFS RELATED TO INDUSTRIAL CANNABIS 91

6.11.2      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             92

6.11.3      REGULATORY FRAMEWORK       94

6.11.3.1  North America      94

6.11.3.1.1                US           94

6.11.3.1.2                Canada   95

6.11.3.1.3                Mexico   96

6.11.3.2  Europe   97

6.11.3.2.1                UK          97

6.11.3.2.2                Germany                 97

6.11.3.3  Asia Pacific            98

6.11.3.3.1                China      98

6.11.3.3.2                India       98

6.11.3.4  South America      99

6.11.3.4.1                Brazil      99

6.11.3.5  Rest of the World 99

6.11.3.5.1                South Africa           99

6.12         IMPACT OF 2025 US TARIFFS—CANNABIS MARKET                 100

6.12.1      INTRODUCTION              100

6.12.2      KEY TARIFF RATES          100

6.12.3      DISRUPTIONS IN CANNABIS PRODUCTS               101

6.12.4      PRICE IMPACT ANALYSIS             102

6.12.5      IMPACT ON COUNTRIES/REGIONS         103

6.12.5.1  US           103

6.12.5.2  Europe   103

6.12.5.3  China      104

6.12.6      IMPACT ON END-USE INDUSTRIES          104

6.13         PORTER’S FIVE FORCES ANALYSIS           105

6.13.1      THREAT OF NEW ENTRANTS      106

6.13.2      THREAT OF SUBSTITUTES          106

6.13.3      BARGAINING POWER OF SUPPLIERS       107

6.13.4      BARGAINING POWER OF BUYERS             107

6.13.5      INTENSITY OF COMPETITIVE RIVALRY 107

6.14         KEY STAKEHOLDERS AND BUYING CRITERIA     108

6.14.1      KEY STAKEHOLDERS IN BUYING PROCESS           108

6.14.2      BUYING CRITERIA           109

6.15         CASE STUDY ANALYSIS 110

6.15.1      CASE STUDY 1: AURORA’S STRATEGIC ENTRY INTO INDUSTRIAL HEMP         110

6.15.2      CASE STUDY 2: TILRAY BUILDS GERMAN MEDICAL CANNABIS SUPPLY CHAIN           110

6.15.3      CASE STUDY 3: DEMECAN LAUNCHES LIVE ROSIN UNDER GOOD MANUFACTURING PRACTICE (GMP)        110

6.16         INVESTMENT AND FUNDING SCENARIO               111

7               CANNABIS MARKET, BY COMPOUND TYPE          112

7.1           INTRODUCTION              113

7.2           THC-DOMINANT              114

7.2.1        INCREASING LEGALIZATION OF RECREATIONAL CANNABIS PROPELS THC-DOMINANT CANNABIS MARKET                 114

7.3           CBD-DOMINANT              115

7.3.1        INCREASED POPULARITY OF CBD EDIBLES TO DRIVE CBD-DOMINANT CANNABIS PRODUCTS MARKET            115

7.4           BALANCED THC & CBD 116

7.4.1        BALANCED THC & CBD STRAINS WITNESS GROWTH AS CBD DIMINISHES PSYCHOACTIVE PROPERTIES OF THC                 116

8               CANNABIS MARKET, BY PRODUCT TYPE               118

8.1           INTRODUCTION              119

8.2           FLOWERS/BUDS               120

8.2.1        AUTOMATION AND SUSTAINABLE PACKAGING TO BE KEY TRENDS IN PRE ROLL DOMAIN        120

8.3           OILS/TINCTURES             122

8.3.1        PARTNERSHIPS AND EXPANSION OF CANNABIS OILS TO DRIVE MARKET 122

8.4           EDIBLES               123

8.4.1        RISING INTEREST OF FOOD & BEVERAGE COMPANIES IN CANNABIS-INFUSED EDIBLES TO DRIVE MARKET       123

8.5           TOPICALS            125

8.5.1        TOPICALS WITNESSING INCREASED DEMAND IN SKINCARE INDUSTRY    125

8.6           OTHER PRODUCT TYPES             126

9               CANNABIS MARKET, BY APPLICATION  128

9.1           INTRODUCTION              129

9.2           MEDICINAL USE               130

9.2.1        RISING USE IN TREATMENT DRIVES DEMAND FOR MEDICAL CANNABIS      130

9.2.1.1    Pain management 131

9.2.1.2    Neurological health management      131

9.2.1.3    Mental health management                 131

9.2.1.4    Other medical purposes      131

9.3           RECREATIONAL USE      132

9.3.1        WIDER LEGALIZATION STATUS OF RECREATIONAL CANNABIS

TO BOOST MARKET GROWTH   132

9.4           INDUSTRIAL USE              134

9.4.1        EXPANDING INDUSTRIAL APPLICATIONS AND SUSTAINABLE POTENTIAL

OF CANNABIS TO DRIVE MARKET            134

9.4.1.1    Textiles  135

9.4.1.2    Paper      135

9.4.1.3    Food & beverages 136

9.4.1.4    Biodegradable materials      136

9.5           NUTRACEUTICAL & WELLNESS USE        137

9.5.1        GROWTH IN CBD-INFUSED NUTRACEUTICALS AND WELLNESS PRODUCTS TO DRIVE MARKET          137

9.6           COSMETIC & PERSONAL CARE USE          139

9.6.1        EXPANDING APPLICATIONS OF CBD-INFUSED SKINCARE AND PERSONAL CARE PRODUCTS TO DRIVE MARKET               139

10            CANNABIS MARKET, BY SOURCE               141

10.1         INTRODUCTION              142

10.2         HEMP    143

10.2.1      EXPANDING INDUSTRIAL APPLICATIONS AND WELLNESS INNOVATIONS TO DRIVE HEMP MARKET      143

10.3         MARIJUANA        144

10.3.1      DIVERSIFICATION OF MARIJUANA APPLICATIONS TO DRIVE MARKET 144

11            CANNABIS MARKET, BY REGION               147

11.1         INTRODUCTION              148

11.2         NORTH AMERICA             150

11.2.1      US           154

11.2.1.1  Technological advancements & precision cultivation to drive market    154

11.2.2      CANADA               155

11.2.2.1  Strong presence of leading market players to fuel growth                 155

11.2.3      MEXICO                156

11.2.3.1  Emerging domestic brands and startups to propel market                 156

11.3         EUROPE               157

11.3.1      GERMANY           162

11.3.1.1  Increased physician willingness to prescribe medical cannabis drives market growth            162

11.3.2      UK          163

11.3.2.1  Growing investment and M&A activities driving the market                 163

11.3.3      FRANCE                164

11.3.3.1  Government reimbursement and structured healthcare integration to support growth             164

11.3.4      SPAIN    165

11.3.4.1  Favorable climate and infrastructure for low-cost cultivation driving market       165

11.3.5      ITALY    166

11.3.5.1  Expansion of authorized pharmacies for medical cannabis distribution to drive market                166

11.3.6      REST OF EUROPE             167

11.4         ASIA PACIFIC     168

11.4.1      CHINA  171

11.4.1.1  Strong focus on industrial hemp production to strengthen growth prospects                171

11.4.2      INDIA    172

11.4.2.1  Rising domestic demand for natural and plant-based remedies to drive market          172

11.4.3      JAPAN   173

11.4.3.1  Public and institutional support for industrial hemp driving market growth       173

11.4.4      AUSTRALIA & NEW ZEALAND     174

11.4.4.1  Rising investment from global cannabis companies to drive market    174

11.4.5      THAILAND          175

11.4.5.1  Growing wellness and cannabis tourism sector to fuel market growth    175

11.4.6      REST OF ASIA PACIFIC   176

11.5         SOUTH AMERICA             177

11.5.1      BRAZIL 180

11.5.1.1  Strengthening domestic innovation and strategic partnerships to drive market          180

11.5.2      ARGENTINA       181

11.5.2.1  Establishment of ARICCAME and regulatory realignment to support market growth        181

11.5.3      REST OF SOUTH AMERICA           182

11.6         REST OF THE WORLD    183

11.6.1      MIDDLE EAST   186

11.6.1.1  Evolving public perception and patient advocacy driving the market    186

11.6.2      AFRICA 187

11.6.2.1  Development of cannabis research and innovation to drive market    187

12            COMPETITIVE LANDSCAPE         189

12.1         OVERVIEW          189

12.2         KEY PLAYER STRATEGIES/RIGHT TO WIN            190

12.3         REVENUE ANALYSIS, 2019–2023  192

12.4         MARKET SHARE ANALYSIS, 2024                 192

12.5         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 195

12.5.1      STARS   195

12.5.2      EMERGING LEADERS     196

12.5.3      PERVASIVE PLAYERS      196

12.5.4      PARTICIPANTS 196

12.5.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         197

12.5.5.1  Company footprint               197

12.5.5.2  Regional footprint                 198

12.5.5.3  Product type footprint         199

12.5.5.4  Application footprint            200

12.6         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        201

12.6.1      PROGRESSIVE COMPANIES         201

12.6.2      RESPONSIVE COMPANIES            201

12.6.3      DYNAMIC COMPANIES  201

12.6.4      STARTING BLOCKS         201

12.6.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 203

12.6.5.1  Detailed list of key startups/SMEs    203

12.6.5.2  Competitive benchmarking of key startups/SMEs          204

12.7         COMPANY VALUATION AND FINANCIAL METRICS                 206

12.8         BRAND/SERVICE COMPARATIVE ANALYSIS         208

12.9         COMPETITIVE SCENARIO             209

12.9.1      PRODUCT/SERVICE LAUNCHES AND ENHANCEMENTS                 209

12.9.2      DEALS  211

12.9.3      EXPANSIONS     212

12.9.4      OTHER DEVELOPMENTS              213

13            COMPANY PROFILES      215

13.1         KEY PLAYERS     215

13.1.1      CANOPY GROWTH CORPORATION          215

13.1.1.1  Business overview 215

13.1.1.2  Products/Solutions/Services offered 216

13.1.1.3  Recent developments           218

13.1.1.3.1                Product/Service launches   218

13.1.1.3.2                Deals      220

13.1.1.3.3                Expansions             221

13.1.1.4  MnM view              221

13.1.1.4.1                Right to win           221

13.1.1.4.2                Strategic choices   221

13.1.1.4.3                Weaknesses and competitive threats 222

13.1.2      CURALEAF, INC.                223

13.1.2.1  Business overview 223

13.1.2.2  Products/Solutions/Services offered 224

13.1.2.3  Recent developments           225

13.1.2.3.1                Product/Service launches   225

13.1.2.3.2                Deals      226

13.1.2.3.3                Expansions             227

13.1.2.3.4                Other developments             228

13.1.2.4  MnM view              229

13.1.2.4.1                Right to win           229

13.1.2.4.2                Strategic choices   229

13.1.2.4.3                Weaknesses and competitive threats 229

13.1.3      GREEN THUMB INDUSTRIES      230

13.1.3.1  Business overview 230

13.1.3.2  Products/Solutions/Services offered 231

13.1.3.3  Recent developments           232

13.1.3.3.1                Product/Service launches   232

13.1.3.3.2                Deals      233

13.1.3.3.3                Expansions             234

13.1.3.4  MnM view              234

13.1.3.4.1                Right to win           234

13.1.3.4.2                Strategic choices   234

13.1.3.4.3                Weaknesses and competitive threats 235

13.1.4      TILRAY BRANDS, INC.    236

13.1.4.1  Business overview 236

13.1.4.2  Products/Solutions/Services offered 237

13.1.4.3  Recent developments           239

13.1.4.3.1                Product/Service launches   239

13.1.4.3.2                Deals      241

13.1.4.3.3                Other developments             241

13.1.4.4  MnM view              242

13.1.4.4.1                Right to win           242

13.1.4.4.2                Strategic choices   242

13.1.4.4.3                Weaknesses and competitive threats 242

13.1.5      TRULIEVE            243

13.1.5.1  Business overview 243

13.1.5.2  Products/Solutions/Services offered 244

13.1.5.3  Recent developments           244

13.1.5.3.1                Product/Service launches   244

13.1.5.3.2                Deals      245

13.1.5.4  MnM view              246

13.1.5.4.1                Right to win           246

13.1.5.4.2                Strategic choices   247

13.1.5.4.3                Weaknesses and competitive threats 247

13.1.6      CRESCO LABS    248

13.1.6.1  Business overview 248

13.1.6.2  Products/Solutions/Services offered 249

13.1.6.3  Recent developments           250

13.1.6.3.1                Product/Service launches   250

13.1.6.3.2                Deals      250

13.1.6.3.3                Other developments             251

13.1.6.4  MnM view              251

13.1.7      AURORA CANNABIS INC.               252

13.1.7.1  Business overview 252

13.1.7.2  Products/Solutions/Services offered 253

13.1.7.3  Recent developments           254

13.1.7.3.1                Product/Service Launches  254

13.1.7.3.2                Deals      256

13.1.7.3.3                Expansions             257

13.1.7.4  MnM view              258

13.1.8      ORGANIGRAM GLOBAL 259

13.1.8.1  Business overview 259

13.1.8.2  Products/Solutions/Services offered 260

13.1.8.3  Recent developments           261

13.1.8.3.1                Product/Service Launches  261

13.1.8.3.2                Deals      262

13.1.8.3.3                Other developments             264

13.1.8.4  MnM view              264

13.1.9      TERRASCEND    265

13.1.9.1  Business overview 265

13.1.9.2  Products/Solutions/Services offered 266

13.1.9.3  Recent developments           267

13.1.9.3.1                Deals      267

13.1.9.3.2                Expansions             268

13.1.9.4  MnM view              269

13.1.10   BLÜM HOLDINGS INC.  270

13.1.10.1                 Business overview 270

13.1.10.2                 Products/Solutions/Services offered 271

13.1.10.3                 Recent developments           271

13.1.10.3.1             Deals      271

13.1.10.3.2             Other developments             272

13.1.10.4                 MnM view              273

13.1.11   VILLAGE FARMS INTERNATIONAL INC. 274

13.1.11.1                 Business overview 274

13.1.11.2                 Products/Solutions/Services offered 275

13.1.11.3                 Recent developments           276

13.1.11.3.1             Product/Service launches   276

13.1.11.3.2             Deals      277

13.1.11.3.3             Other developments             278

13.1.11.4                 MnM view              278

13.1.12   VERANO               279

13.1.12.1                 Business overview 279

13.1.12.2                 Products/Solutions/Services offered 280

13.1.12.3                 Recent developments           281

13.1.12.3.1             Product/Service launches   281

13.1.12.3.2             Deals      282

13.1.12.3.3             Expansions             283

13.1.12.4                 MnM view              284

13.1.13   THE CRONOS GROUP    285

13.1.13.1                 Business overview 285

13.1.13.2                 Products/Solutions/Services offered 286

13.1.13.3                 Recent developments           287

13.1.13.3.1             Product/Service launches   287

13.1.13.3.2             Deals      289

13.1.13.3.3             Other developments             289

13.1.13.4                 MnM view              290

13.1.14   MEDICAL MARIJUANA, INC.         291

13.1.14.1                 Business overview 291

13.1.14.2                 Products/Solutions/Services offered 292

13.1.14.3                 Recent developments           293

13.1.14.3.1             Product/Service launches   293

13.1.14.3.2             Deals      294

13.1.14.4                 MnM view              294

13.1.15   MEDIPHARM LABS          295

13.1.15.1                 Business overview 295

13.1.15.2                 Products/Solutions/Services offered 296

13.1.15.3                 Recent developments           298

13.1.15.3.1             Product/Service launches   298

13.1.15.3.2             Deals      298

13.1.15.4                 MnM view              299

13.2         OTHER PLAYERS              300

13.2.1      CANNBIT             300

13.2.1.1  Business overview 300

13.2.1.2  Products/Solutions/Services offered 301

13.2.1.3  MnM view              302

13.2.2      MARICANN INC.                303

13.2.2.1  Business overview 303

13.2.2.2  Products/Solutions/Services offered 303

13.2.2.3  MnM view              304

13.2.3      CANNABLISS ORGANIC LLC.       305

13.2.3.1  Business overview 305

13.2.3.2  Products/Solutions/Services offered 305

13.2.3.3  MnM view              305

13.2.4      CONNECTED CANNABIS CO.      306

13.2.4.1  Business overview 306

13.2.4.2  Products/Solutions/Services offered 306

13.2.4.3  MnM view              308

13.2.5      TOWER THREE LLC         309

13.2.5.1  Business overview 309

13.2.5.2  Products/Solutions/Services offered 309

13.2.5.3  MnM view              309

13.2.6      SATIPHARM        310

13.2.7      JUSTICE CANNABIS CO. 311

13.2.8      HERITAGE CANNABIS    312

13.2.9      SOMAÍ PHARMACEUTICALS LTD.             312

13.2.10   HENRY’S ORIGINAL         313

14            ADJACENT & RELATED MARKETS             314

14.1         INTRODUCTION              314

14.2         LIMITATIONS    314

14.3         INDUSTRIAL HEMP MARKET      314

14.3.1      MARKET DEFINITION   314

14.3.2      MARKET OVERVIEW       314

14.4         CANNABIS TESTING MARKET    316

14.4.1      MARKET DEFINITION   316

14.4.2      MARKET OVERVIEW       316

15            APPENDIX           318

15.1         DISCUSSION GUIDE        318

15.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                321

15.3         CUSTOMIZATION OPTIONS        323

15.4         RELATED REPORTS         323

15.5         AUTHOR DETAILS           324

LIST OF TABLES

TABLE 1                INCLUSIONS AND EXCLUSIONS 29

TABLE 2                USD EXCHANGE RATES CONSIDERED, 2020–2024                 30

TABLE 3                CANNABIS MARKET SHARE SNAPSHOT, 2025 VS. 2030 (USD MILLION)       41

TABLE 4                INORGANIC GROWTH STRATEGIES ADOPTED BY KEY PLAYERS               63

TABLE 5                EXPORT DATA FOR HS CODE 530210 FOR TOP 10 COUNTRIES,

2021–2024 (USD THOUSAND)      74

TABLE 6                EXPORT DATA FOR HS CODE 530210 FOR TOP 10 COUNTRIES, 2020–2024 (KG)        74

TABLE 7                IMPORT DATA FOR HS CODE 530210 FOR TOP 10 COUNTRIES,

2021–2024 (USD THOUSAND)      76

TABLE 8                IMPORT SCENARIO OF HS CODE 530210 FOR TOP 10 COUNTRIES,

2021–2024 (KG)  76

TABLE 9                AVERAGE SELLING PRICE TREND OF CANNABIS FLOWERS,

BY KEY PLAYER, 2025 (USD/G)   82

TABLE 10              INDICATIVE SELLING PRICE TREND, BY SOURCE, 2025 (USD/KG)               82

TABLE 11             INDICATIVE SELLING PRICE TREND, BY REGION, 2025 (USD/KG)  83

TABLE 12              ROLE OF COMPANIES IN ECOSYSTEM    84

TABLE 13              PATENTS PERTAINING TO CANNABIS MARKET AND RELATED PATENTS,

2016–2024              87

TABLE 14              CANNABIS MARKET: DETAILED LIST OF CONFERENCES AND EVENTS     91

TABLE 15              CANNABIS MARKET: TARIFF FOR HS CODE 530210, 2024         91

TABLE 16              NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  92

TABLE 17              EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 93

TABLE 18              ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  93

TABLE 19              SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  94

TABLE 20              MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             94

TABLE 21              US ADJUSTED RECIPROCAL TARIFF RATES                 100

TABLE 22              EXPECTED IMPACT ON PRODUCTS UNDER RELEVANT HS CODES    102

TABLE 23              EXPECTED TARIFF IMPACT ON END-USE INDUSTRIES: CANNABIS PRODUCTS       104

TABLE 24              CANNABIS MARKET: PORTER’S FIVE FORCES ANALYSIS            105

TABLE 25              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE

TEST TYPE (%)  109

TABLE 26              KEY BUYING CRITERIA FOR TOP THREE PRODUCT TYPES             109

TABLE 27              CANNABIS MARKET, BY COMPOUND TYPE, 2020–2024 (USD MILLION)            113

TABLE 28              CANNABIS MARKET, BY COMPOUND TYPE, 2025–2030 (USD MILLION)            113

TABLE 29              THC-DOMINANT CANNABIS MARKET, BY REGION, 2020–2024 (USD MILLION)          114

TABLE 30              THC-DOMINANT CANNABIS MARKET, BY REGION, 2025–2030 (USD MILLION)          115

TABLE 31              CBD-DOMINANT CANNABIS MARKET, BY REGION, 2020–2024 (USD MILLION)          116

TABLE 32              CBD-DOMINANT CANNABIS MARKET, BY REGION, 2025–2030 (USD MILLION)          116

TABLE 33              BALANCED THC & CBD CANNABIS MARKET, BY REGION,

2020–2024 (USD MILLION)            117

TABLE 34              BALANCED THC & CBD CANNABIS MARKET, BY REGION,

2025–2030 (USD MILLION)            117

TABLE 35              CANNABIS MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)       119

TABLE 36              CANNABIS MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)       120

TABLE 37              FLOWERS/BUDS: CANNABIS MARKET, BY REGION, 2020–2024 (USD MILLION)          121

TABLE 38              FLOWERS/BUDS: CANNABIS MARKET, BY REGION, 2025–2030 (USD MILLION)          122

TABLE 39              OILS/TINCTURES: CANNABIS MARKET, BY REGION, 2020–2024 (USD MILLION)          123

TABLE 40              OILS/TINCTURES: CANNABIS MARKET, BY REGION, 2025–2030 (USD MILLION)          123

TABLE 41              EDIBLES: CANNABIS MARKET, BY REGION, 2020–2024 (USD MILLION)       124

TABLE 42              EDIBLES: CANNABIS MARKET, BY REGION, 2025–2030 (USD MILLION)       124

TABLE 43              TOPICALS: CANNABIS MARKET, BY REGION, 2020–2024 (USD MILLION)            125

TABLE 44              TOPICALS: CANNABIS MARKET, BY REGION, 2025–2030 (USD MILLION)            126

TABLE 45              OTHER PRODUCT TYPES: CANNABIS MARKET, BY REGION,

2020–2024 (USD MILLION)            127

TABLE 46              OTHER PRODUCT TYPES: CANNABIS MARKET, BY REGION,

2025–2030 (USD MILLION)            127

TABLE 47              CANNABIS MARKET, BY APPLICATION, 2020–2024 (USD MILLION)       129

TABLE 49              CANNABIS MARKET, BY APPLICATION, 2025–2030 (USD MILLION)       130

TABLE 50              MEDICINAL USE: CANNABIS MARKET, BY REGION, 2020–2024 (USD MILLION)          132

TABLE 51              MEDICINAL USE: CANNABIS MARKET, BY REGION, 2025–2030 (USD MILLION)          132

TABLE 52              RECREATIONAL USE: CANNABIS MARKET, BY REGION, 2020–2024 (USD MILLION)          134

TABLE 53              RECREATIONAL USE: CANNABIS MARKET, BY REGION, 2025–2030 (USD MILLION)          134

TABLE 54              INDUSTRIAL USE: CANNABIS MARKET, BY REGION, 2020–2024 (USD MILLION)          137

TABLE 55              INDUSTRIAL USE: CANNABIS MARKET, BY REGION, 2025–2030 (USD MILLION)          137

TABLE 56              NUTRACEUTICAL & WELLNESS USE: CANNABIS MARKET, BY REGION,

2020–2024 (USD MILLION)            138

TABLE 57              NUTRACEUTICAL & WELLNESS USE: CANNABIS MARKET, BY REGION,

2025–2030 (USD MILLION)            138

TABLE 58              COSMETIC & PERSONAL CARE USE: CANNABIS MARKET, BY REGION,

2020–2024 (USD MILLION)            139

TABLE 59              COSMETIC & PERSONAL CARE USE: CANNABIS MARKET, BY REGION,

2025–2030 (USD MILLION)            140

TABLE 60              CANNABIS MARKET, BY SOURCE, 2020–2024 (USD MILLION) 142

TABLE 61              CANNABIS MARKET, BY SOURCE, 2025–2030 (USD MILLION) 142

TABLE 62              HEMP: CANNABIS MARKET, BY REGION, 2020–2024 (USD MILLION)       144

TABLE 63              HEMP: CANNABIS MARKET, BY REGION, 2025–2030 (USD MILLION)       144

TABLE 64              MARIJUANA: CANNABIS MARKET, BY REGION, 2020–2024 (USD MILLION)            145

TABLE 65              MARIJUANA: CANNABIS MARKET, BY REGION, 2025–2030 (USD MILLION)            146

TABLE 66              CANNABIS MARKET, BY REGION, 2020–2024 (USD MILLION)            149

TABLE 67              CANNABIS MARKET, BY REGION, 2025–2030 (USD MILLION)            149

TABLE 68              CANNABIS MARKET, BY REGION, 2020–2024 (TONS) 149

TABLE 69              CANNABIS MARKET, BY REGION, 2025–2030 (TONS) 150

TABLE 70              NORTH AMERICA: CANNABIS MARKET, BY COUNTRY, 2020–2024 (USD MILLION)     151

TABLE 71              NORTH AMERICA: CANNABIS MARKET, BY COUNTRY, 2025–2030 (USD MILLION)     152

TABLE 72              NORTH AMERICA: CANNABIS MARKET, BY SOURCE, 2020–2024 (USD MILLION)         152

TABLE 73              NORTH AMERICA: CANNABIS MARKET, BY SOURCE, 2025–2030 (USD MILLION)         152

TABLE 74              NORTH AMERICA: CANNABIS MARKET, BY COMPOUND TYPE,

2020–2024 (USD MILLION)            152

TABLE 75              NORTH AMERICA: CANNABIS MARKET, BY COMPOUND TYPE,

2025–2030 (USD MILLION)            153

TABLE 76              NORTH AMERICA: CANNABIS MARKET, BY APPLICATION,

2020–2024 (USD MILLION)            153

TABLE 77              NORTH AMERICA: CANNABIS MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            153

TABLE 78              NORTH AMERICA: CANNABIS MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            154

TABLE 79              NORTH AMERICA: CANNABIS MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            154

TABLE 80              US: CANNABIS MARKET, BY SOURCE, 2020–2024 (USD MILLION) 155

TABLE 81              US: CANNABIS MARKET, BY SOURCE, 2025–2030 (USD MILLION) 155

TABLE 82              CANADA: CANNABIS MARKET, BY SOURCE, 2020–2024 (USD MILLION)            156

TABLE 83              CANADA: CANNABIS MARKET, BY SOURCE, 2025–2030 (USD MILLION)            156

TABLE 84              MEXICO: CANNABIS MARKET, BY SOURCE, 2020–2024 (USD MILLION)       157

TABLE 85              MEXICO: CANNABIS MARKET, BY SOURCE, 2025–2030 (USD MILLION)       157

TABLE 86              EUROPE: CANNABIS MARKET, BY COUNTRY, 2020–2024 (USD MILLION)            159

TABLE 87              EUROPE: CANNABIS MARKET, BY COUNTRY, 2025–2030 (USD MILLION)            159

TABLE 88              EUROPE: CANNABIS MARKET, BY SOURCE, 2020–2024 (USD MILLION)       159

TABLE 89              EUROPE: CANNABIS MARKET, BY SOURCE, 2025–2030 (USD MILLION)       160

TABLE 90              EUROPE: CANNABIS MARKET, BY COMPOUND TYPE, 2020–2024 (USD MILLION)                160

TABLE 91              EUROPE: CANNABIS MARKET, BY COMPOUND TYPE, 2025–2030 (USD MILLION)                160

TABLE 92              EUROPE: CANNABIS MARKET, BY APPLICATION, 2020–2024 (USD MILLION)            160

TABLE 93              EUROPE: CANNABIS MARKET, BY APPLICATION, 2025–2030 (USD MILLION)            161

TABLE 94              EUROPE: CANNABIS MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)                161

TABLE 95              EUROPE: CANNABIS MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)                161

TABLE 96              GERMANY: CANNABIS MARKET, BY SOURCE, 2020–2024 (USD MILLION)            162

TABLE 97              GERMANY: CANNABIS MARKET, BY SOURCE, 2025–2030 (USD MILLION)            162

TABLE 98              UK: CANNABIS MARKET, BY SOURCE, 2020–2024 (USD MILLION) 163

TABLE 99              UK: CANNABIS MARKET, BY SOURCE, 2025–2030 (USD MILLION) 163

TABLE 100            FRANCE: CANNABIS MARKET, BY SOURCE, 2020–2024 (USD MILLION)       164

TABLE 101            FRANCE: CANNABIS MARKET, BY SOURCE, 2025–2030 (USD MILLION)       164

TABLE 102            SPAIN: CANNABIS MARKET, BY SOURCE, 2020–2024 (USD MILLION)       165

TABLE 103            SPAIN: CANNABIS MARKET, BY SOURCE, 2025–2030 (USD MILLION)       165

TABLE 104            ITALY: CANNABIS MARKET, BY SOURCE, 2020–2024 (USD MILLION)       166

TABLE 105            ITALY: CANNABIS MARKET, BY SOURCE, 2025–2030 (USD MILLION)       166

TABLE 106            REST OF EUROPE: CANNABIS MARKET, BY SOURCE, 2020–2024 (USD MILLION)         167

TABLE 107            REST OF EUROPE: CANNABIS MARKET, BY SOURCE, 2025–2030 (USD MILLION)         168

TABLE 108            ASIA PACIFIC: CANNABIS MARKET, BY COUNTRY, 2020–2024 (USD MILLION)     168

TABLE 109            ASIA PACIFIC: CANNABIS MARKET, BY COUNTRY, 2025–2030 (USD MILLION)     169

TABLE 110            ASIA PACIFIC: CANNABIS MARKET, BY SOURCE, 2020–2024 (USD MILLION)            169

TABLE 111            ASIA PACIFIC: CANNABIS MARKET, BY SOURCE, 2025–2030 (USD MILLION)            169

TABLE 112            ASIA PACIFIC: CANNABIS MARKET, BY COMPOUND TYPE,

2020–2024 (USD MILLION)            169

TABLE 113            ASIA PACIFIC: CANNABIS MARKET, BY COMPOUND TYPE,

2025–2030 (USD MILLION)            170

TABLE 114            ASIA PACIFIC: CANNABIS MARKET, BY APPLICATION, 2020–2024 (USD MILLION)              170

TABLE 115            ASIA PACIFIC: CANNABIS MARKET, BY APPLICATION, 2025–2030 (USD MILLION)              170

TABLE 116            ASIA PACIFIC: CANNABIS MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)         171

TABLE 117            ASIA PACIFIC: CANNABIS MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)         171

TABLE 118            CHINA: CANNABIS MARKET, BY SOURCE, 2020–2024 (USD MILLION)       172

TABLE 119            CHINA: CANNABIS MARKET, BY SOURCE, 2025–2030 (USD MILLION)       172

TABLE 120            INDIA: CANNABIS MARKET, BY SOURCE, 2020–2024 (USD MILLION)       173

TABLE 121            INDIA: CANNABIS MARKET, BY SOURCE, 2025–2030 (USD MILLION)       173

TABLE 122            JAPAN: CANNABIS MARKET, BY SOURCE, 2020–2024 (USD MILLION)       174

TABLE 123            JAPAN: CANNABIS MARKET, BY SOURCE, 2025–2030 (USD MILLION)       174

TABLE 124            AUSTRALIA & NEW ZEALAND: CANNABIS MARKET, BY SOURCE,

2020–2024 (USD MILLION)            175

TABLE 125            AUSTRALIA & NEW ZEALAND: CANNABIS MARKET, BY SOURCE,

2025–2030 (USD MILLION)            175

TABLE 126            THAILAND: CANNABIS MARKET, BY SOURCE, 2020–2024 (USD MILLION)            176

TABLE 127            THAILAND: CANNABIS MARKET, BY SOURCE, 2025–2030 (USD MILLION)            176

TABLE 128            REST OF ASIA PACIFIC: CANNABIS MARKET, BY SOURCE,

2020–2024 (USD MILLION)            177

TABLE 129            REST OF ASIA PACIFIC: CANNABIS MARKET, BY SOURCE,

2025–2030 (USD MILLION)            177

TABLE 130            SOUTH AMERICA: CANNABIS MARKET, BY COUNTRY, 2020–2024 (USD MILLION)     178

TABLE 131            SOUTH AMERICA: CANNABIS MARKET, BY COUNTRY, 2025–2030 (USD MILLION)     178

TABLE 132            SOUTH AMERICA: CANNABIS MARKET, BY SOURCE, 2020–2024 (USD MILLION)         178

TABLE 133            SOUTH AMERICA: CANNABIS MARKET, BY SOURCE, 2025–2030 (USD MILLION)         178

TABLE 134            SOUTH AMERICA: CANNABIS MARKET, BY COMPOUND TYPE,

2020–2024 (USD MILLION)            179

TABLE 135            SOUTH AMERICA: CANNABIS MARKET, BY COMPOUND TYPE,

2025–2030 (USD MILLION)            179

TABLE 136            SOUTH AMERICA: CANNABIS MARKET, BY APPLICATION,

2020–2024 (USD MILLION)            179

TABLE 137            SOUTH AMERICA: CANNABIS MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            179

TABLE 138            SOUTH AMERICA: CANNABIS MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            180

TABLE 139            SOUTH AMERICA: CANNABIS MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            180

TABLE 140            BRAZIL: CANNABIS MARKET, BY SOURCE, 2020–2024 (USD MILLION)       181

TABLE 141            BRAZIL: CANNABIS MARKET, BY SOURCE, 2025–2030 (USD MILLION)       181

TABLE 142            ARGENTINA: CANNABIS MARKET, BY SOURCE, 2020–2024 (USD MILLION)            182

TABLE 143            ARGENTINA: CANNABIS MARKET, BY SOURCE, 2025–2030 (USD MILLION)            182

TABLE 144            REST OF SOUTH AMERICA: CANNABIS MARKET, BY SOURCE,

2020–2024 (USD MILLION)            183

TABLE 145            REST OF SOUTH AMERICA: CANNABIS MARKET, BY SOURCE,

2025–2030 (USD MILLION)            183

TABLE 146            REST OF THE WORLD: CANNABIS MARKET, BY REGION,

2020–2024 (USD MILLION)            184

TABLE 147            REST OF THE WORLD: CANNABIS MARKET, BY REGION,

2025–2030 (USD MILLION)            184

TABLE 148            REST OF THE WORLD: CANNABIS MARKET, BY SOURCE,

2020–2024 (USD MILLION)            184

TABLE 149            REST OF THE WORLD: CANNABIS MARKET, BY SOURCE,

2025–2030 (USD MILLION)            184

TABLE 150            REST OF THE WORLD: CANNABIS MARKET, BY COMPOUND TYPE,

2020–2024 (USD MILLION)            184

TABLE 151            REST OF THE WORLD: CANNABIS MARKET, BY COMPOUND TYPE,

2025–2030 (USD MILLION)            185

TABLE 152            REST OF THE WORLD: CANNABIS MARKET, BY APPLICATION,

2020–2024 (USD MILLION)            185

TABLE 153            REST OF THE WORLD: CANNABIS MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            185

TABLE 154            REST OF THE WORLD: CANNABIS MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            186

TABLE 155            REST OF THE WORLD: CANNABIS MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            186

TABLE 156            MIDDLE EAST: CANNABIS MARKET, BY SOURCE, 2020–2024 (USD MILLION)            187

TABLE 157            MIDDLE EAST: CANNABIS MARKET, BY SOURCE, 2025–2030 (USD MILLION)            187

TABLE 158            AFRICA: CANNABIS MARKET, BY SOURCE, 2020–2024 (USD MILLION)       188

TABLE 159            AFRICA: CANNABIS MARKET, BY SOURCE, 2025–2030 (USD MILLION)       188

TABLE 160            OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN CANNABIS MARKET                190

TABLE 161            CANNABIS MARKET: DEGREE OF COMPETITION                 193

TABLE 162            CANNABIS MARKET: REGIONAL FOOTPRINT                 198

TABLE 163            CANNABIS MARKET: PRODUCT TYPE FOOTPRINT       199

TABLE 164            CANNABIS MARKET: APPLICATION FOOTPRINT                 200

TABLE 165            CANNABIS MARKET: KEY STARTUPS/SMES                 203

TABLE 166            CANNABIS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, 2024 (1/2)    204

TABLE 167            CANNABIS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, 2024 (2/2)    205

TABLE 168            CANNABIS MARKET: PRODUCT/SERVICE LAUNCHES AND ENHANCEMENTS, JANUARY 2021–MAY 2025                 209

TABLE 169            CANNABIS MARKET: DEALS, JANUARY 2021– MAY 2025              211

TABLE 170            CANNABIS MARKET: EXPANSIONS, JANUARY 2021–MAY 2025   212

TABLE 171            CANNABIS MARKET: OTHER DEVELOPMENTS, JANUARY 2021– MAY 2025              213

TABLE 172            CANOPY GROWTH CORPORATION: COMPANY OVERVIEW          215

TABLE 173            CANOPY GROWTH CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    216

TABLE 174            CANOPY GROWTH CORPORATION: PRODUCT/SERVICE LAUNCHES                 218

TABLE 175            CANOPY GROWTH CORPORATION: DEALS                 220

TABLE 176            CANOPY GROWTH CORPORATION: EXPANSIONS     221

TABLE 177            CURALEAF, INC.: COMPANY OVERVIEW 223

TABLE 178            CURALEAF, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    224

TABLE 179            CURALEAF, INC.: PRODUCT/SERVICE LAUNCHES          225

TABLE 180            CURALEAF, INC.: DEALS                226

TABLE 181            CURALEAF, INC.: EXPANSIONS  227

TABLE 182            CURALEAF, INC.: OTHER DEVELOPMENTS                 228

TABLE 183            GREEN THUMB INDUSTRIES: COMPANY OVERVIEW          230

TABLE 184            GREEN THUMB INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED    231

TABLE 185            GREEN THUMB INDUSTRIES: PRODUCT/SERVICE LAUNCHES                 232

TABLE 186            GREEN THUMB INDUSTRIES: DEALS       233

TABLE 187            GREEN THUMB INDUSTRIES: EXPANSIONS                 234

TABLE 188            TILRAY BRANDS, INC.: COMPANY OVERVIEW                 236

TABLE 189            TILRAY BRANDS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    237

TABLE 190            TILRAY BRANDS, INC.: PRODUCT/SERVICE LAUNCHES          239

TABLE 191            TILRAY BRANDS, INC.: DEALS    241

TABLE 192            TILRAY BRANDS, INC.: OTHER DEVELOPMENTS                 241

TABLE 193            TRULIEVE: COMPANY OVERVIEW            243

TABLE 194            TRULIEVE: PRODUCTS/SOLUTIONS/SERVICES OFFERED             244

TABLE 195            TRULIEVE: PRODUCT/SERVICE LAUNCHES                 244

TABLE 196            TRULIEVE: DEALS            245

TABLE 197            CRESCO LABS: COMPANY OVERVIEW     248

TABLE 198            CRESCO LABS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    249

TABLE 199            CRESCO LABS: PRODUCT/SERVICE LAUNCHES                 250

TABLE 200            CRESCO LABS: DEALS    250

TABLE 201            CRESCO LABS: OTHER DEVELOPMENTS                 251

TABLE 202            AURORA CANNABIS INC.: COMPANY OVERVIEW                 252

TABLE 203            AURORA CANNABIS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    253

TABLE 204            AURORA CANNABIS INC.: PRODUCT/SERVICE LAUNCHES          254

TABLE 205            AURORA CANNABIS INC.: DEALS               256

TABLE 206            AURORA CANNABIS INC.: EXPANSIONS 257

TABLE 207            ORGANIGRAM GLOBAL: COMPANY OVERVIEW                 259

TABLE 208            ORGANIGRAM GLOBAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED    260

TABLE 209            ORGANIGRAM GLOBAL: PRODUCT/SERVICE LAUNCHES          261

TABLE 210            ORGANIGRAM GLOBAL: DEALS 262

TABLE 211            ORGANIGRAM GLOBAL: OTHER DEVELOPMENTS              264

TABLE 212            TERRASCEND: COMPANY OVERVIEW     265

TABLE 213            TERRASCEND: PRODUCTS/SOLUTIONS/SERVICES OFFERED    266

TABLE 214            TERRASCEND: DEALS    267

TABLE 215            TERRASCEND: EXPANSIONS       268

TABLE 216            BLÜM HOLDINGS INC.: COMPANY OVERVIEW                 270

TABLE 217            BLÜM HOLDINGS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    271

TABLE 218            BLÜM HOLDINGS INC.: DEALS  271

TABLE 219            BLÜM HOLDINGS INC.: OTHER DEVELOPMENTS              272

TABLE 220            VILLAGE FARMS INTERNATIONAL INC.: COMPANY OVERVIEW   274

TABLE 221            VILLAGE FARMS INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    275

TABLE 222            VILLAGE FARMS INTERNATIONAL INC.: PRODUCT/SERVICE LAUNCHES                 276

TABLE 223            VILLAGE FARMS INTERNATIONAL INC.: DEALS                 277

TABLE 224            VILLAGE FARMS INTERNATIONAL INC.: OTHER DEVELOPMENTS              278

TABLE 225            VERANO: COMPANY OVERVIEW                279

TABLE 226            VERANO: PRODUCTS/SOLUTIONS/SERVICES OFFERED             280

TABLE 227            VERANO: PRODUCT/SERVICE LAUNCHES                 281

TABLE 228            VERANO: DEALS               282

TABLE 229            VERANO: EXPANSIONS 283

TABLE 230            THE CRONOS GROUP: COMPANY OVERVIEW                 285

TABLE 231            THE CRONOS GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED    286

TABLE 232            THE CRONOS GROUP: PRODUCT/SERVICE LAUNCHES          287

TABLE 233            THE CRONOS GROUP: DEALS    289

TABLE 234            THE CRONOS GROUP: OTHER DEVELOPMENTS                 289

TABLE 235            MEDICAL MARIJUANA, INC.: COMPANY OVERVIEW          291

TABLE 236            MEDICAL MARIJUANA, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    292

TABLE 237            MEDICAL MARIJUANA, INC.: PRODUCT/SERVICE LAUNCHES                 293

TABLE 238            MEDICAL MARIJUANA, INC.: DEALS         294

TABLE 239            MEDIPHARM LABS: COMPANY OVERVIEW                 295

TABLE 240            MEDIPHARM LABS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    296

TABLE 241            MEDIPHARM LABS: PRODUCT/SERVICE LAUNCHES          298

TABLE 242            MEDIPHARM LABS: DEALS           298

TABLE 243            CANNBIT: COMPANY OVERVIEW              300

TABLE 244            CANNBIT: PRODUCTS/SOLUTIONS/SERVICES OFFERED             301

TABLE 245            MARICANN INC.: COMPANY OVERVIEW 303

TABLE 246            MARICANN INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    303

TABLE 247            CANNABLISS ORGANIC LLC.: COMPANY OVERVIEW          305

TABLE 248            CANNABLISS ORGANIC LLC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    305

TABLE 249            CONNECTED CANNABIS CO.: COMPANY OVERVIEW          306

TABLE 250            CONNECTED CANNABIS CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    306

TABLE 251            TOWER THREE LLC: COMPANY OVERVIEW                 309

TABLE 252            TOWER THREE LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    309

TABLE 253            ADJACENT MARKETS     314

TABLE 254            INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (USD MILLION)       315

TABLE 255            INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (USD MILLION)       315

TABLE 256            INDUSTRIAL HEMP MARKET, BY TYPE, 2019–2023 (KT)              315

TABLE 257            INDUSTRIAL HEMP MARKET, BY TYPE, 2024–2029 (KT)              316

TABLE 258            CANNABIS TESTING MARKET, BY PRODUCT & SOFTWARE,

2022–2029 (USD MILLION)            317

LIST OF FIGURES

FIGURE 1              CANNABIS MARKET: RESEARCH DESIGN                 32

FIGURE 2              MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)—COLLECTIVE REVENUE OF ALL PRODUCTS         36

FIGURE 3              MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND SIDE)   36

FIGURE 4              MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (TOP-DOWN)         37

FIGURE 5              CANNABIS MARKET: DATA TRIANGULATION                 38

FIGURE 6              THC-DOMINANT CANNABIS TO HOLD LARGEST MARKET SHARE DURING

FORECAST PERIOD         42

FIGURE 7              FLOWERS/BUDS TO HOLD LARGEST MARKET SHARE  43

FIGURE 8              RECREATIONAL USE APPLICATION TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD                43

FIGURE 9             MARIJUANA TO DOMINATE CANNABIS MARKET, BY SOURCE, DURING

FORECAST PERIOD         44

FIGURE 10            NORTH AMERICA ACCOUNTED FOR LARGEST MARKET SHARE IN 2024 45

FIGURE 11            GROWING MEDICINAL APPLICATIONS AND INCREASING LEGALIZATION OF CANNABIS CREATE OPPORTUNITIES              46

FIGURE 12            US TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD       47

FIGURE 13            US AND THC-DOMINANT SEGMENT TO ACCOUNT FOR SIGNIFICANT

SHARES IN 2024 47

FIGURE 14            MARIJUANA SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       48

FIGURE 15            THC-DOMINANT SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD    49

FIGURE 16            RECREATIONAL USE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD    49

FIGURE 17            FLOWERS/BUDS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       50

FIGURE 18            LEADING CANNABIS-PRODUCING COUNTRIES, 2023 (USD MILLION)       52

FIGURE 19            SURVEY-INDICATED ANXIETY LEVELS AMONG US ADULTS (%) 52

FIGURE 20            TOP ANXIETY TRIGGERS AMONG US ADULTS IN 2024        53

FIGURE 21            CANNABIS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES     54

FIGURE 22            EUROPE: USERS ENTERING CANNABIS TREATMENT, 2023            55

FIGURE 23            GLOBAL REGULATORY OVERVIEW INDICATING LEGALITY OF CANNABIS, 2024    57

FIGURE 24            ADOPTION OF GEN AI IN CANNABIS MARKET                 67

FIGURE 25            CANNABIS MARKET: SUPPLY CHAIN ANALYSIS                 71

FIGURE 26            CANNABIS MARKET: VALUE CHAIN ANALYSIS                 72

FIGURE 27            EXPORT DATA FOR HS CODE 530210 FOR TOP 10 COUNTRIES,

2021–2024 (USD THOUSAND)      73

FIGURE 28            IMPORT DATA FOR HS CODE 530210 FOR TOP 10 COUNTRIES,

2021–2024 (USD THOUSAND)      75

FIGURE 29            CANNABIS MARKET: ECOSYSTEM             84

FIGURE 30            CANNABIS MARKET: TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 85

FIGURE 31            PATENTS APPLIED AND GRANTED, 2015–2024                 86

FIGURE 32            REGIONAL ANALYSIS OF PATENTS GRANTED FOR CANNABIS AND RELATED MARKETS, 2015–2024        87

FIGURE 33            CANNABIS MARKET: PORTER’S FIVE FORCES ANALYSIS            106

FIGURE 34            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS

FOR TOP THREE APPLICATIONS               108

FIGURE 35            KEY BUYING CRITERIA FOR TOP THREE PRODUCT TYPES             109

FIGURE 36            CANNABIS MARKET: INVESTMENT AND FUNDING SCENARIO, 2021–2025 111

FIGURE 37            CANNABIS MARKET, BY COMPOUND TYPE, 2025 VS. 2030 (USD MILLION)                113

FIGURE 38           CANNABIS MARKET, BY PRODUCT TYPE, 2025 VS. 2030 (USD MILLION)       119

FIGURE 39            CANNABIS MARKET, BY APPLICATION, 2025 VS. 2030 (USD MILLION)       129

FIGURE 40            CANNABIS MARKET, BY SOURCE, 2025 VS. 2030 (USD MILLION) 142

FIGURE 41            GERMANY TO RECORD FASTEST GROWTH FROM 2025 TO 2030          148

FIGURE 42            NORTH AMERICA: MARKET SNAPSHOT 151

FIGURE 43            EUROPE: MARKET SNAPSHOT   158

FIGURE 44            REVENUE ANALYSIS FOR KEY PLAYERS, 2019–2023        192

FIGURE 45            CANNABIS MARKET SHARE ANALYSIS, 2024                 193

FIGURE 46            CANNABIS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024     196

FIGURE 47            CANNABIS MARKET: COMPANY FOOTPRINT                 197

FIGURE 48            CANNABIS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024               202

FIGURE 49            COMPANY VALUATION OF KEY VENDORS                 206

FIGURE 50            FINANCIAL METRICS OF KEY VENDORS 206

FIGURE 51            YEAR-TO-DATE PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY VENDORS    207

FIGURE 52            CANNABIS MARKET: BRAND/SERVICE COMPARISON   208

FIGURE 53            CANOPY GROWTH CORPORATION: COMPANY SNAPSHOT          216

FIGURE 54            CURALEAF, INC.: COMPANY SNAPSHOT                 223

FIGURE 55            GREEN THUMB INDUSTRIES: COMPANY SNAPSHOT          230

FIGURE 56            TILRAY BRANDS, INC.: COMPANY SNAPSHOT                 237

FIGURE 57            TRULIEVE: COMPANY SNAPSHOT            243

FIGURE 58            CRESCO LABS: COMPANY SNAPSHOT    248

FIGURE 59            AURORA CANNABIS INC.: COMPANY SNAPSHOT                 252

FIGURE 60            ORGANIGRAM GLOBAL: COMPANY SNAPSHOT                 260

FIGURE 61            TERRASCEND: COMPANY SNAPSHOT     265

FIGURE 62            BLÜM HOLDINGS INC.: COMPANY SNAPSHOT                 270

FIGURE 63            VILLAGE FARMS INTERNATIONAL INC.: COMPANY SNAPSHOT   275

FIGURE 64            VERANO: COMPANY SNAPSHOT                280

FIGURE 65            THE CRONOS GROUP: COMPANY SNAPSHOT                 286

FIGURE 66            MEDICAL MARIJUANA, INC.: COMPANY SNAPSHOT          291

FIGURE 67            MEDIPHARM LABS: COMPANY SNAPSHOT                 296

FIGURE 68            CANNBIT: COMPANY SNAPSHOT              301