Global Cannabis Growing Market Forecasted to Double in Value by 2033, Currently Valued Above $25 Billion

According to HTF Market Intelligence, the industry is expected to expand from $25.6 billion in 2025 to $53.1 billion by 2033, representing a compound annual growth rate of 14.9%. North America continues to lead the market, while Europe is identified as the fastest-growing region. The report highlights major players driving expansion, including Canopy Growth, Aurora Cannabis, Tilray, Aphria, Cresco Labs, Curaleaf, Green Thumb Industries, Cronos Group, OrganiGram, MedMen, Harvest Health & Recreation, Trulieve, Greenlane, and Village Farms.

The report notes that cannabis cultivation is evolving through a variety of methods, with indoor, outdoor, greenhouse, hydroponics, and vertical farming all playing key roles. Applications range from agriculture and pharmaceuticals to healthcare, retail, and the broader legal market.

The study says that several trends are shaping the future of cannabis production, including a stronger focus on organic growing, increased use of automation, and the integration of digital supply chain solutions. Market drivers include the ongoing legalization of marijuana in new regions, growing consumer demand, and the expansion of cultivation facilities. However, the industry still faces challenges such as high operational costs, regulatory hurdles, and environmental sustainability concerns.

At the same time, new opportunities are emerging, particularly in the areas of medical marijuana, hemp, CBD, organic products, and smart farming technologies.

Together, these factors position cannabis cultivation as one of the fastest-growing segments in the global agricultural and pharmaceutical sectors.