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Canada Legal Cannabis Market Size, Share & Trends Analysis Report By Source (Marijuana, Hemp), By Derivatives (CBD, THC), By Cultivation, By End-use (Medical, Recreational, Industrial), And Segment Forecasts, 2024 - 2030

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  • 80 Pages
  • August 2024
  • Region: Canada
  • Grand View Research
  • ID: 5999062
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Canada Legal Cannabis Market Growth & Trends

The Canada legal cannabis market size is expected to reach USD 5.79 billion by 2030, registering a CAGR of 10.1% from 2024 to 2030. Growing awareness of the health benefits related to cannabis and CBD consumption for treating anxiety & seizures and reducing pain is projected to propel the market growth. The high demand for CBD for health and wellness purposes, attributed to its therapeutic properties, is a key driver in the market's growth.

Moreover, the rising number of clinical trials signifies the positive effects of utilizing cannabis for treating various medical conditions. For instance, in February 2024, researchers at the University of British Columbia introduced a first-of-its-kind clinical trial examining the potential of CBD as a treatment for bipolar depression. The trials were approved by Health Canada and funded by the Canadian Institutes of Health Research (CIHR) to investigate how CBD can help manage acute bipolar depression.

Moreover, medical professionals' increasing preference for cannabinoid-based formulations to treat numerous health conditions is another major factor supporting the country's market. Healthcare professionals' higher preference for CBG, CBN-derived products creates a positive influence on consumer minds, thereby boosting their adoption rate and popularity. For instance, in October 2021, Cronos Group Inc. launched its SPINACH FEELZ Chill Bliss 2:1 THC|CBG gummy that features THC and cultured CBG.

Some of the key players in the market are Canopy Growth Corporation, Charlotte's Web, Inc., Aurora Cannabis, Tilray Brands, The Cronos Group, Jazz Pharmaceuticals, Inc., Sundial Growers, and Maricann, Inc. These market players adopt key strategic initiatives to expand their business footprint and market position. For instance, in April 2023, Aurora Cannabis Inc. partnered with Strainprint and announced the launch of the tracking program through Strainprint App. The tracking program is designed for Aurora patients to keep track of their medical cannabis journey.

Furthermore, the rise in awareness regarding cannabis and its potential use in various industries and the introduction of educational programs boost the market growth. For instance, in July 2022, Tilray Brands launched a cannabis education platform, WeCare-Medical Cannabis. The platform is dedicated to educating patients and healthcare practitioners about medical cannabis.

Canada Legal Cannabis Market Report Highlights

  • Based on source, the marijuana segment dominated the market in 2023 and is anticipated to witness the fastest growth over the forecast period owing to the growing adoption of marijuana-based products
  • Based on derivatives, the CBD segment held the largest market share in 2023, owing to the awareness regarding CBD's effectiveness in treating various medical conditions
  • Based on cultivation, the indoor segment held the largest market share in 2023 due to the incorporation of artificial intelligence (AI) in cannabis cultivation, rising investments, and favorable government initiatives
  • Based on end use, the recreational segment dominated the market in 2023 and is anticipated to grow at the fastest CAGR over the forecast period due to the growing consumption of cannabis in the form of vapes, foods, and beverages

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players worldwide.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Segment scope
1.1.2. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.4.1. Data analysis models
1.5. Market Formulation & Validation
1.6. Model Details
1.6.1. Commodity flow analysis (Model 1)
1.6.1.1. Approach 1: Commodity flow approach
1.7. Research Assumptions
1.8. List of Secondary Sources
1.9. List of Primary Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Source outlook
2.2.2. Derivatives outlook
2.2.3. Cultivation outlook
2.2.4. End Use outlook
2.3. Competitive Insights
Chapter 3. Canada Legal Cannabis Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Ancillary market outlook
3.2. Market Dynamics
3.2.1. Market driver analysis
3.2.2. Market restraint analysis
3.3. Canada Legal Cannabis: Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.2. PESTLE Analysis
3.4. Regulatory Framework
Chapter 4. Canada Legal Cannabis Market Segment Analysis, By Source, 2018 - 2030 (USD Million)
4.1. Definition and Scope
4.2. Product Market Share Analysis, 2023 & 2030
4.3. Segment Dashboard
4.4. Canada Legal Cannabis market, by Source, 2018 to 2030
4.5. Marijuana
4.5.1. Marijuana market estimates and forecasts, 2018 to 2030 (USD Million)
4.5.2. Flowers
4.5.2.1. Flowers market estimates and forecasts, 2018 to 2030 (USD Million)
4.5.3. Oil and Tinctures
4.5.3.1. Oil and Tinctures market estimates and forecasts, 2018 to 2030 (USD Million)
4.6. Hemp
4.6.1. Hemp market estimates and forecasts, 2018 to 2030 (USD Million)
4.6.2. Hemp Oil
4.6.2.1. Hemp Oil market estimates and forecasts, 2018 to 2030 (USD Million)
4.6.3. Industrial Hemp
4.6.3.1. Industrial Hemp market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 5. Canada Legal Cannabis Market Segment Analysis, By Derivatives, 2018 - 2030 (USD Million)
5.1. Definition and Scope
5.2. Derivatives Market Share Analysis, 2023 & 2030
5.3. Segment Dashboard
5.4. Canada Legal Cannabis market, by Derivatives, 2018 to 2030
5.5. CBD
5.5.1. CBD market estimates and forecasts, 2018 to 2030 (USD Million)
5.6. THC
5.6.1. THC market estimates and forecasts, 2018 to 2030 (USD Million)
5.7. Other derivatives
5.7.1. Other derivatives market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 6. Canada Legal Cannabis Market Segment Analysis, By Cultivation, 2018 - 2030 (USD Million)
6.1. Definition and Scope
6.2. Cultivation Market Share Analysis, 2023 & 2030
6.3. Segment Dashboard
6.4. Canada Legal Cannabis market, by Cultivation, 2018 to 2030
6.5. Indoor Cultivation
6.5.1. Indoor Cultivation market estimates and forecasts, 2018 to 2030 (USD Million)
6.6. Greenhouse Cultivation
6.6.1. Greenhouse Cultivation market estimates and forecasts, 2018 to 2030 (USD Million)
6.7. Outdoor Cultivation
6.7.1. Outdoor Cultivation market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 7. Canada Legal Cannabis Market Segment Analysis, By End Use, 2018 - 2030 (USD Million)
7.1. Definition and Scope
7.2. End Use Market Share Analysis, 2023 & 2030
7.3. Segment Dashboard
7.4. Global Canada Legal Cannabis Market, by End Use, 2018 to 2030
7.5. Medical Use
7.5.1. Medical Use Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.2. Cancer
7.5.2.1. Cancer Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.3. Chronic Pain
7.5.3.1. Chronic Pain Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.4. Depression and Anxiety
7.5.4.1. Depression and Anxiety Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.5. Arthritis
7.5.5.1. Arthritis Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.6. Diabetes
7.5.6.1. Diabetes Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.7. Glaucoma
7.5.7.1. Glaucoma Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.8. Migraine
7.5.8.1. Migraine Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.9. Epilepsy
7.5.9.1. Epilepsy Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.10. Multiple Sclerosis
7.5.10.1. Multiple Sclerosis Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.11. AIDS
7.5.11.1. AIDS Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.12. Amyotrophic Lateral Sclerosis
7.5.12.1. Amyotrophic Lateral Sclerosis Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.13. Alzheimer’s
7.5.13.1. Alzheimer’s Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.14. Post Traumatic Stress Disorder (PTSD)
7.5.14.1. Post Traumatic Stress Disorder (PTSD) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.15. Parkinson's
7.5.15.1. Parkinson's Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.16. Tourette’s
7.5.16.1. Tourette’s Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.17. Others
7.5.17.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6. Recreational Use
7.6.1. Recreational Use Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.7. Industrial Use
7.7.1. Industrial Use Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Company Categorization
8.3. Company Profiles
8.3.1. Canopy Growth Corporation
8.3.1.1. Company overview
8.3.1.2. Financial performance
8.3.1.3. Product benchmarking
8.3.1.4. Strategic initiatives
8.3.2. Charlotte's Web, Inc.
8.3.2.1. Company overview
8.3.2.2. Financial performance
8.3.2.3. Product benchmarking
8.3.2.4. Strategic initiatives
8.3.3. Aurora Cannabis Inc.
8.3.3.1. Company overview
8.3.3.2. Financial performance
8.3.3.3. Product benchmarking
8.3.3.4. Strategic initiatives
8.3.4. Tilray Brands
8.3.4.1. Company overview
8.3.4.2. Financial performance
8.3.4.3. Product benchmarking
8.3.4.4. Strategic initiatives
8.3.5. The Cronos Group
8.3.5.1. Company overview
8.3.5.2. Financial performance
8.3.5.3. Product benchmarking
8.3.5.4. Strategic initiatives
8.3.6. Jazz Pharmaceuticals, Inc.
8.3.6.1. Company overview
8.3.6.2. Financial performance
8.3.6.3. Product benchmarking
8.3.6.4. Strategic initiatives
8.3.7. Sundial Growers
8.3.7.1. Company overview
8.3.7.2. Financial performance
8.3.7.3. Product benchmarking
8.3.7.4. Strategic initiatives
8.3.8. Organigram Holding, Inc.
8.3.8.1. Company overview
8.3.8.2. Financial performance
8.3.8.3. Product benchmarking
8.3.8.4. Strategic initiatives
8.3.9. Maricann, Inc.
8.3.9.1. Company overview
8.3.9.2. Financial performance
8.3.9.3. Product benchmarking
8.3.9.4. Strategic initiatives
8.3.10. Isodiol International, Inc
8.3.10.1. Company overview
8.3.10.2. Financial performance
8.3.10.3. Product benchmarking
8.3.10.4. Strategic initiatives
List of Tables
Table 1 List of Secondary Sources
Table 2 List of Abbreviations
Table 3 Canada legal cannabis market, by source, 2018 - 2030 (USD Million)
Table 4 Canada legal cannabis market, by derivatives, 2018 - 2030 (USD Million)
Table 5 Canada legal cannabis market, by end use, 2018 - 2030 (USD Million)
Table 6 Canada legal cannabis market, by cultivation, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Canada legal cannabis market: outlook
Fig. 9 Canada legal cannabis competitive insights
Fig. 10 Ancillary market outlook
Fig. 11 Canada legal cannabis market driver impact
Fig. 12 Canada legal cannabis market restraint impact
Fig. 13 Porter’s Analysis
Fig. 14 PESTLE Analysis
Fig. 15 Canada legal cannabis market: Source movement analysis
Fig. 16 Canada legal cannabis market: Source outlook and key takeaways
Fig. 17 Marijuana market estimates and forecast, 2018 - 2030
Fig. 18 Flowers market estimates and forecast, 2018 - 2030
Fig. 19 Oil and Tinctures market estimates and forecast, 2018 - 2030
Fig. 20 Hemp market estimates and forecast, 2018 - 2030
Fig. 21 Hemp Oil market estimates and forecast, 2018 - 2030
Fig. 22 Industrial Hemp market estimates and forecast, 2018 - 2030
Fig. 23 Canada legal cannabis market: Derivatives movement analysis
Fig. 24 Canada legal cannabis market: Derivatives outlook and key takeaways
Fig. 25 CBD market estimates and forecasts, 2018 - 2030
Fig. 26 THC market estimates and forecasts, 2018 - 2030
Fig. 27 Other derivatives market estimates and forecasts, 2018 - 2030
Fig. 28 Canada legal cannabis market: Cultivation movement analysis
Fig. 29 Canada legal cannabis market: Cultivation outlook and key takeaways
Fig. 30 Indoor Cultivation market estimates and forecasts, 2018 - 2030
Fig. 31 Greenhouse Cultivation market estimates and forecasts, 2018 - 2030
Fig. 32 Outdoor Cultivation market estimates and forecasts, 2018 - 2030
Fig. 33 Canada legal cannabis market: End Use movement analysis
Fig. 34 Canada legal cannabis market: End Use outlook and key takeaways
Fig. 35 Medical Use market estimates and forecasts, 2018 - 2030
Fig. 36 Chronic Pain market estimates and forecasts, 2018 - 2030
Fig. 37 Depression and Anxiety market estimates and forecasts, 2018 - 2030
Fig. 38 Post - Traumatic Stress Disorder (PTSD) market estimates and forecasts, 2018 - 2030
Fig. 39 Arthritis market estimates and forecasts, 2018 - 2030
Fig. 40 Migraines market estimates and forecasts, 2018 - 2030
Fig. 41 Cancer market estimates and forecasts, 2018 - 2030
Fig. 42 Epilepsy market estimates and forecasts, 2018 - 2030
Fig. 43 Alzheimer’s market estimates and forecasts, 2018 - 2030
Fig. 44 Multiple Sclerosis market estimates and forecasts, 2018 - 2030
Fig. 45 Diabetes market estimates and forecasts, 2018 - 2030
Fig. 46 Tourette’s market estimates and forecasts, 2018 - 2030
Fig. 47 Parkinson's market estimates and forecasts, 2018 - 2030
Fig. 48 AIDS market estimates and forecasts, 2018 - 2030
Fig. 49 Glaucoma market estimates and forecasts, 2018 - 2030
Fig. 50 Amyotrophic Lateral Sclerosis market estimates and forecasts, 2018 - 2030
Fig. 51 Hospitals market estimates and forecasts, 2018 - 2030
Fig. 52 Others market estimates and forecasts, 2018 - 2030
Fig. 53 Recreational Use market estimates and forecasts, 2018 - 2030
Fig. 54 Industrial Use market estimates and forecasts, 2018 - 2030
Fig. 55 Key company categorization
Fig. 56 Heat map analysis - 2023

Companies Mentioned

  • Canopy Growth Corporation
  • Charlotte's Web, Inc.
  • Aurora Cannabis Inc.
  • Tilray Brands
  • The Cronos Group
  • Jazz Pharmaceuticals, Inc.
  • Organigram Holding, Inc.
  • Maricann, Inc.
  • Isodiol International, Inc
  • Sundial Growers

Methodology

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About the Cannabis Market

The Cannabis market within the context of Analgesics is a rapidly growing industry. Cannabis-based products are increasingly being used as an alternative to traditional pharmaceuticals for the treatment of chronic pain. Cannabis-based products are believed to be more effective than traditional pharmaceuticals in providing relief from pain, inflammation, and other symptoms associated with chronic pain. Cannabis-based products are available in a variety of forms, including oils, tinctures, edibles, and topical creams. These products are often used in combination with traditional pharmaceuticals to provide relief from chronic pain. The Cannabis market is also being used to treat a variety of other conditions, including anxiety, depression, and insomnia. Cannabis-based products are believed to be more effective than traditional pharmaceuticals in providing relief from these conditions. The Cannabis market is also being used to treat a variety of other conditions, including anxiety, depression, and insomnia. Cannabis-based products are believed to be more effective than traditional pharmaceuticals in providing relief from these conditions. Companies in the Cannabis market include Canopy Growth Corporation, Aurora Cannabis, Tilray, and Cronos Group. These companies are involved in the production, distribution, and sale of cannabis-based products. Show Less Read more

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