Report Description Table of Contents 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. 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. 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 Frequently Asked Question About This Report . Table of Contents 1. CANNABIS VERTICAL FARMING MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030) 1.1. North America 1.2. Europe 1.3. Asia Pacific 1.4. Latin America 1.5. Middle East & Africa 2. CANNABIS VERTICAL FARMING MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030) 2.1. North America 2.2. Europe 2.3. Asia Pacific 2.4. Latin America 2.5. Middle East & Africa 3. MARKET SHARE ANALYSIS – CANNABIS VERTICAL FARMING MARKET 3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume 3.2. Market Share, 2023 3.3. Market By Growing Method of CANNABIS VERTICAL FARMING and End-Use Outlook Analysis 4. HISTORIC TRENDS IN CANNABIS VERTICAL FARMING MARKET 5. EMERGING MARKET TRENDS 6. NORTH AMERICA CANNABIS VERTICAL FARMING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 6.1. North America CANNABIS VERTICAL FARMING Historical Market ($MILLION), (2017 – 2023) 6.2. North America CANNABIS VERTICAL FARMING Market ($MILLION) and Forecasts (2024 – 2030) 6.3. North America CANNABIS VERTICAL FARMING Market Type ($MILLION), and Forecasts (2024 – 2030), By Growing Method 6.3.1. Hydroponics 6.3.2. Aeroponics 6.3.3. Aquaponics 6.3.4. Soil-Based 6.4. North America CANNABIS VERTICAL FARMING Market Type ($MILLION), and Forecasts (2024 – 2030), By Component 6.4.1. Lighting (LED, Fluorescent, HPS) 6.4.2. Climate Control (HVAC, Dehumidifiers, Fans) 6.4.3. Sensors (pH Sensors, CO2 Sensors, Temperature Sensors) 6.4.4. Irrigation Systems 6.4.5. Software and Monitoring Systems 6.5. North America CANNABIS VERTICAL FARMING Market Type ($MILLION), and Forecasts (2024 – 2030), By Structure 6.5.1. Building-based Vertical Farms 6.5.2. Shipping Container Farms 6.5.3. Modular Vertical Farms 6.6. North America CANNABIS VERTICAL FARMING Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User 6.6.1. Recreational Cannabis Cultivators 6.6.2. Medicinal Cannabis Cultivators 6.6.3. Research Institutions 6.7. North America CANNABIS VERTICAL FARMING Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 6.7.1. USA 6.7.2. Canada 6.7.3. Rest of North America 7. USA CANNABIS VERTICAL FARMING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8. EUROPE CANNABIS VERTICAL FARMING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8.1. Europe CANNABIS VERTICAL FARMING Historical Market ($MILLION), (2017 – 2023) 8.2. Europe CANNABIS VERTICAL FARMING Market ($MILLION) and Forecasts (2024 – 2030) 8.3. Europe CANNABIS VERTICAL FARMING Market Type ($MILLION), and Forecasts (2024 – 2030), By Growing Method 8.4. Europe CANNABIS VERTICAL FARMING Market Type ($MILLION), and Forecasts (2024 – 2030), By Component 8.5. Europe CANNABIS VERTICAL FARMING Market Type ($MILLION), and Forecasts (2024 – 2030), By Structure 8.6. Europe CANNABIS VERTICAL FARMING Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User 8.7. Europe CANNABIS VERTICAL FARMING Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 8.7.1. Germany 8.7.2. France 8.7.3. UK 8.7.4. Italy 8.7.5. Spain 8.7.6. Rest of Europe 9. APAC CANNABIS VERTICAL FARMING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 9.1. APAC CANNABIS VERTICAL FARMING Historical Market ($MILLION), (2017 – 2023) 9.2. APAC CANNABIS VERTICAL FARMING Market ($MILLION) and Forecasts (2024 – 2030) 9.3. APAC CANNABIS VERTICAL FARMING Market Type ($MILLION), and Forecasts (2024 – 2030), By Growing Method 9.4. APAC CANNABIS VERTICAL FARMING Market Type ($MILLION), and Forecasts (2024 – 2030), By Component 9.5. APAC CANNABIS VERTICAL FARMING Market Type ($MILLION), and Forecasts (2024 – 2030), By Structure 9.6. APAC CANNABIS VERTICAL FARMING Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User 9.7. APAC CANNABIS VERTICAL FARMING Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 9.7.1. China 9.7.2. Japan 9.7.3. South Korea 9.7.4. India 9.7.5. Australia 9.7.6. Rest of APAC 10. LATIN AMERICA CANNABIS VERTICAL FARMING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 10.1. Latin America CANNABIS VERTICAL FARMING Historical Market ($MILLION), (2017 – 2023) 10.2. Latin America CANNABIS VERTICAL FARMING Market ($MILLION) and Forecasts (2024 – 2030) 10.3. Latin America CANNABIS VERTICAL FARMING Market Type ($MILLION), and Forecasts (2024 – 2030), By Growing Method 10.4. Latin America CANNABIS VERTICAL FARMING Market Type ($MILLION), and Forecasts (2024 – 2030), By Component 10.5. Latin America CANNABIS VERTICAL FARMING Market Type ($MILLION), and Forecasts (2024 – 2030), By Structure 10.6. Latin America CANNABIS VERTICAL FARMING Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User 10.7. Latin America CANNABIS VERTICAL FARMING Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 10.7.1. Brazil 10.7.2. Argentina 10.7.3. Rest of Latin America 11. COMPANY PROFILES: 11.1. AeroFarms 11.1.1. Company Overview 11.1.2. Company Snapshot 11.1.3. Operating business segments 11.1.4. Product offered and Revenue 11.1.5. Production & Sales 11.2. Plenty Unlimited Inc. 11.3. Canopy Growth Corporation 11.4. Aurora Cannabis Inc. 11.5. Bowery Farming 11.6. Gotham Greens 11.7. Village Farms International 11.8. GrowGeneration Corp. 11.9. OTHER MARKET PLAYERS