Cannabis Vertical Farming Market By Growing Method (Hydroponics, Aeroponics, Aquaponics, Soil-Based); By Component (Lighting [LED, Fluorescent, HPS], Climate Control [HVAC, Dehumidifiers, Fans], Sensors [pH Sensors, CO2 Sensors, Temperature Sensors], Irrigation Systems, Software and Monitoring Systems); By Structure (Building-based Vertical Farms, Shipping Container Farms, Modular Vertical Farms); By End-User (Recreational Cannabis Cultivators, Medicinal Cannabis Cultivators, Research Institutions); By Geography, Segment revenue estimation, Forecast, 2024-2032.

The cannabis vertical farming market was worth USD 361.4 million in 2023 and will be worth USD 1453.29 million by 2030, growing at a CAGR of 19% during the forecast period.

 

The market for cannabis vertical farming is propelled by the rising legalization of cannabis, the need for quality crops that are free from pesticides, and the efficient use of space by using vertical farming. Further, the legal cannabis market will triple by 2025, with some segments incorporating indoor growing methods like vertical farming, which could increase yield by up to 70%. Vertical farming enables the management of specific conditions ideal for cannabis plant growth. For instance, in 2023, Plenty, an indoor farming company, declared that it would take a partnership with cannabis producer Dr. Greenthumb to grow cannabis in vertical structures to increase both quantity and quality. This method assists the growers in feeding the growing market for high-grade cannabis besides the complications of space and environment.

 

The cannabis vertical farming market offers substantial opportunities as more regions legalize cannabis for medicinal and recreational use, creating a surge in demand for high-quality, sustainably grown products. The legal cannabis market worldwide is expected to exceed $73 billion in the next five years with shifting to indoor farming, specifically vertical farming. It also facilitates year-round production, which may be necessary where conditions are unfriendly to outdoor plant cultivation. For example, in 2023, Aerofarms, a controlled environment agriculture company specializing in vertical farming, announced that it intended to increase its cannabis production by building additional production facilities. There is a growing trend among consumers to purchase organically grown cannabis; while vertical farming can reduce water consumption and no pesticide is required to grow cannabis plants, the cannabis market is well positioned to grow both in urban and rural settings.

 

 

Cannabis Vertical Farming Market Segmentation

By Growing Method:

• Hydroponics

• Aeroponics

• Aquaponics

• Soil-Based

 

By Component:

• Lighting (LED, Fluorescent, HPS)

• Climate Control (HVAC, Dehumidifiers, Fans)

• Sensors (pH Sensors, CO2 Sensors, Temperature Sensors)

• Irrigation Systems

• Software and Monitoring Systems

 

By Structure:

• Building-based Vertical Farms

• Shipping Container Farms

• Modular Vertical Farms

 

By End-User:

• Recreational Cannabis Cultivators

• Medicinal Cannabis Cultivators

• Research Institutions

 

By Region

North America

• US

• Mexico

• Canada

• Rest of North America

 

Europe

• Switzerland

• Russia

• France

• Germany

• U.K

• Finland

• Turkey

• Netherlands

• Belgium

• Spain

• Italy

• Rest of Europe

 

Asia Pacific

• India

• China

• South Korea

• Japan

• Singapore

• Thailand

• Indonesia

• Malaysia

• Philippines

• Australia

• Rest of Asia-Pacific

 

LAMEA

• Brazil

• Argentina

• Uruguay

• Saudi Arabia

• Rest of LAMEA

 

North America is the largest cannabis vertical farming market, especially due to legal cannabis-related products for both medical and non-medical purposes in the United States and Canada. The U.S. alone held more than 80% of the global cannabis sales in 2022, and with the increase in awareness of the benefits of vertical farming techniques in cultivating pesticide-free quality cannabis, many states, including California and Colorado, are applying vertical farming techniques to expand their cannabis production rates. For instance, in 2023, Aurora Cannabis, a cannabis producer in Canada, built new facilities for their vertical farming to maximize their output while minimizing losses of resources. In North America, where cannabis vertical farming has highly developed infrastructure and regulatory support at various levels, California, Canada, and the US legal states stand as significant opportunities as more states legalize cannabis and shift to sustainable cultivation.

 

Cannabis Vertical Farming Market Key Players

• AeroFarms

• Plenty Unlimited Inc.

• Canopy Growth Corporation

• Aurora Cannabis Inc.

• Bowery Farming

• Gotham Greens

• Village Farms International

• GrowGeneration Corp.

• Urban-Gro, Inc.

• Agrify Corporation

 

Cannabis Vertical Farming Market Report Coverage

Report Attribute	Details
Forecast Period	2023 – 2030
Market Size Value in 2023	USD 361.4 million
Revenue Forecast in 2030	USD 1,453.29 million
Overall Growth Rate	CAGR of 19%
Base Year for Estimation	2022
Historical Data	2017 – 2021
Unit	USD Million, CAGR (2023 - 2030)
Segmentation	By Growing Method, By Component, By Structure, By End-User, By Region
By Growing Method	Hydroponics, Aeroponics, Aquaponics, Soil-Based
By Component	Lighting (LED, Fluorescent, HPS), Climate Control (HVAC, Dehumidifiers, Fans), Sensors (pH Sensors, CO2 Sensors, Temperature Sensors), Irrigation Systems, Software and Monitoring Systems
By Structure	Building-based Vertical Farms, Shipping Container Farms, Modular Vertical Farms
By End-User	Recreational Cannabis Cultivators, Medicinal Cannabis Cultivators, Research Institutions
By Region	North America, Europe, Asia-Pacific, LAMEA
Country Scope	US, Canada, Mexico, UK, Germany, France, China, Japan, India, South Korea, Australia, etc.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.