Cannabis legalization in several countries is likely to fuel market growth throughout the forecast period. According to a November 2020 article released by the United States substance Enforcement Agency (DEA), 35 U.S. states and the District of Columbia have legalized marijuana for medicinal use, with 15 allowing adults to legally consume the substance for recreational purposes.
The global Cannabis Cultivation Market is estimated to be valued at US$ 31,181.09 million in 2020 and is expected to exhibit a CAGR of 18.2% during the forecast period (2020-2027).
Major Players in the Cannabis Cultivation Industry :
1. Pacific Cannabis Growers
Pacific Cannabis Growers was founded in 2015 and it’s headquarters Temecula, CA 92592 · United States .... The company operates in 24 countries.
2. Atlas Growers
Atlas Growersc founded in 2015, and its Headquarters located in Edmonton, Alberta, Canada. The company operates in 20 Countries. In 2021 The partnership grants Atlas the exclusive right to license and distribute Ghost Drops-branded cannabis products in Canada and globally
3. Canntrust Holdings
Canntrust Holdingswas launch in 2013 and it’s headquarter located Toronto, Ontario, Canada.it operate over 60 country.
4. The Hydropothecary Corporation
The Hydropothecary Corporation was launch in 2013 and it’s headquarter Quebec, Canada.it operate over 70 country. In 2018 The Hydropothecary Corporation receives license to sell cannabis oil. * Has received an amendment to its licence from Health Canada
5. Better Holdings
Better Holdings,, was founded 1989, with its headquarters in World Trade Center, New York City, US..With businesses in over 150 countries.
6. canopy Growth Corporation
canopy Growth Corporationwas launch in 2013. And its headquarter Smiths Falls, Canada. It operate over 95 country. In 2021 Through this acquisition, Canopy Growth will acquire 100 percent of Ace Valley with the intention of leveraging the Company's best-in-class
7. Aurora Cannabis
Aurora Cannabis Founded in 2006 and it’s headquarter located Edmonton, Canada, It operate over 25 country.
*Definition- Commercial cannabis cultivation is illegal in various countries but many regulatory authorities are developing pathways for approval of cannabis, cannabis products and its derivatives
