| Product Code: ETC6652272 | Publication Date: Sep 2024 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
From 2023 to 2024, Canada`s import trend for the cannabis market experienced a notable growth rate of 22.79%. The compound annual growth rate (CAGR) for the period 2020-2024 stood at 1.72%. This import momentum can be attributed to shifting consumer preferences towards diverse cannabis products, indicating a potential demand shift within the market.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Canada Cannabis Market Overview |
3.1 Canada Country Macro Economic Indicators |
3.2 Canada Cannabis Market Revenues & Volume, 2022 & 2032F |
3.3 Canada Cannabis Market - Industry Life Cycle |
3.4 Canada Cannabis Market - Porter's Five Forces |
3.5 Canada Cannabis Market Revenues & Volume Share, By Product Type, 2022 & 2032F |
3.6 Canada Cannabis Market Revenues & Volume Share, By Application, 2022 & 2032F |
3.7 Canada Cannabis Market Revenues & Volume Share, By Compound Type, 2022 & 2032F |
4 Canada Cannabis Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Legalization of recreational cannabis in Canada |
4.2.2 Increasing acceptance and normalization of cannabis use |
4.2.3 Growing demand for cannabis-based products for medicinal purposes |
4.3 Market Restraints |
4.3.1 Strict regulations and compliance requirements in the cannabis industry |
4.3.2 Limited access to banking and financial services for cannabis businesses |
4.3.3 Concerns around public health and safety issues related to cannabis consumption |
5 Canada Cannabis Market Trends |
6 Canada Cannabis Market, By Types |
6.1 Canada Cannabis Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Canada Cannabis Market Revenues & Volume, By Product Type, 2022-2032F |
6.1.3 Canada Cannabis Market Revenues & Volume, By Capsules, 2022-2032F |
6.1.4 Canada Cannabis Market Revenues & Volume, By Concentrates, 2022-2032F |
6.1.5 Canada Cannabis Market Revenues & Volume, By Edibles, 2022-2032F |
6.1.6 Canada Cannabis Market Revenues & Volume, By Other Product Types, 2022-2032F |
6.2 Canada Cannabis Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Canada Cannabis Market Revenues & Volume, By Medical, 2022-2032F |
6.2.3 Canada Cannabis Market Revenues & Volume, By Recreational, 2022-2032F |
6.3 Canada Cannabis Market, By Compound Type |
6.3.1 Overview and Analysis |
6.3.2 Canada Cannabis Market Revenues & Volume, By Tetrahydrocannabinol (THC), 2022-2032F |
6.3.3 Canada Cannabis Market Revenues & Volume, By Cannabidiol (CBD), 2022-2032F |
6.3.4 Canada Cannabis Market Revenues & Volume, By Balanced THC & CBD, 2022-2032F |
7 Canada Cannabis Market Import-Export Trade Statistics |
7.1 Canada Cannabis Market Export to Major Countries |
7.2 Canada Cannabis Market Imports from Major Countries |
8 Canada Cannabis Market Key Performance Indicators |
8.1 Number of licensed cannabis producers in Canada |
8.2 Percentage of Canadians using cannabis for medical purposes |
8.3 Investment in research and development of new cannabis products |
8.4 Percentage of cannabis sales conducted through legal channels |
8.5 Patient satisfaction rates with cannabis-based medical treatments |
9 Canada Cannabis Market - Opportunity Assessment |
9.1 Canada Cannabis Market Opportunity Assessment, By Product Type, 2022 & 2032F |
9.2 Canada Cannabis Market Opportunity Assessment, By Application, 2022 & 2032F |
9.3 Canada Cannabis Market Opportunity Assessment, By Compound Type, 2022 & 2032F |
10 Canada Cannabis Market - Competitive Landscape |
10.1 Canada Cannabis Market Revenue Share, By Companies, 2025 |
10.2 Canada Cannabis Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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