Cannabis Production in Canada – Market Research Report

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Joint venture: The illegal market of cannabis is expected to dampen industry revenue growth

Cannabis Production in Canada industry trends (2014-2019)

 Average industry growth 2014–2019: 137.2%

The Cannabis Production industry in Canada has blossomed over the five years to 2019 as a massive market was introduced into the industry, driving up revenue late during the period. Since Health Canada opened up medicinal cannabis production to more players in 2013, the industry has grown continuously as operators invest in production capabilities to produce quality products. However, the legalization of recreational cannabis in 2018 has been the primary driver of the industry boom during the period. As consumers shifted from illegal cannabis purchases to the licensed recreational market, the industry grew significantly and is expected to grow 68.3% in 2019 alone. Overall, the industry is expected to grow an annualized 137.1% to $3.1 billion over the…

Cannabis Production in Canada industry outlook (2019-2024)

 Average industry growth 2019-2024: x.xlock

Over the five years to XXX, the Cannabis Production industry in Canada will continue to blaze a trail through the Canadian economy, though industry revenue growth will decelerate as the explosions of activity following recent policy changes begin to settle down. After the passage of the Cannabis Act in October XXX, the industry is projected to benefit from substantial pent-up demand for recreational marijuana, as many of the estimated X.X million individuals in Canada that consume cannabis at least once per week will be able to legally purchase cannabis products for the first time. This new source of industry revenue will be supplemented by increasingly favourable attitudes toward medical marijuana, causing demand for higher-margin medical cannabis p…

Cannabis Production in Canada industry statistics

  • attach_money Market Size: $3bn
  • business Number of Businesses: 226
  • poll Average Industry Profit Margin: x.x% 
  • supervisor_account Industry Employment: 20,206

Biggest companies in the Cannabis Production industry in Canada

The companies holding the largest market share in the Cannabis Production in Canada industry include Aurora Cannabis Inc., Aphria Inc. and Canopy Growth Corporation.

The Cannabis Production industry in Canada has blossomed over the five years to 2019 as a massive market was introduced into the industry, driving up revenue late during the period. Since Health Canada opened up medicinal cannabis production to more players in 2013, the industry has grown continuously as operators invest in production capabilities to produce quality products. However, the legalization of recreational cannabis in 2018 has been the primary driver of the industry boom during the period. The Cannabis Act was implemented in October 2018, but ever since its announcement in 2017, the industry has begun to shift and transform as it transitions into a full-blown consumer product industry. The medicinal marijuana market has been growing significantly during the period, particularly as it was the only legal cannabis market up until late 2018. This has driven innovation and fomented investment into the industry from major operators. The industry is still nascent, adapting to a new environment as established operators explore new frontiers and unlicensed producers transitional into legality. Industry profitability is expected to improve over the five years to 2024 as operators enhance efficiency and revenue continues to grow.

  • pie_chart Aurora Cannabis Inc. Market Share: x.x% 
  • pie_chart Aphria Inc. Market Share: x.x% 
  • pie_chart Canopy Growth Corporation Market Share: x.x% 

What is Cannabis Production industry in Canada?

Industry Definition

This industry includes all companies licensed by Health Canada to cultivate, produce and sell products containing marijuana for medical and recreational consumption. The value of medical marijuana grown privately and illegal purchases of cannabis products for recreational use are both excluded from this industry.

Industry Products and Services

  • Recreational dried cannabis
  • Medicinal dried cannabis
  • Recreational cannabis oil and concentrates
  • Medicinal cannabis oil and concentrates
  • Other

Industry Activities

  • Growing marijuana
  • Retailing marijuana products
  • Processing marijuana into derivatives and consumer products
  • Distributing marijuana products

Market research report – table of contents

About this Report

Industry at a Glance

Industry Performance

Products and Markets

Competitive Landscape

Major Companies

Operating Conditions

Key Statistics

Jargon & Glossary