Riding high: The legalization of recreational marijuana has caused industry revenue to surge

Over the five years to 2018, the seeds of the Cannabis Production industry in Ontario have been planted and begun to take root in the fecund soil of deregulation. Overall, industry revenue is estimated to increase strongly over the five years to 2018. The Cannabis Act was implemented in October 2018, which legalized recreational marijuana for individuals over the age of 18. The flowering recreational market has only just begun to influence industry operations, but it offers the newfound enterprises that comprise the industry room to grow. The opening of the recreational market is expected to sustain industry revenue growth in upcoming years. Consequently, industry revenue is forecast to exhibit strong growth over the five years to 2023...read more.

Industry Statistics & Market Size
Revenue
$467m
Annual Growth 13-18
109.4%
Forecast Growth 18-23
Profit
Employment
3,409
Businesses
62

Industry Threats & Opportunities

  • The opening of the recreational market is expected to sustain industry revenue growth in upcoming years
  • Additional Insights for the Cannabis Production in Ontario Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Cannabis Production in Ontario Industry are

  • Understanding government policies and their implications
  • Development of effective marijuana strains
  • Marketing of differentiated products
  • IBISWorld analysts also discuss how external factors such as Consumer spending in Ontario and Number of Adults aged 65 and older in Ontario in the Cannabis Production in Ontario industry impact industry performance..

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    What's in this report

    What is the Cannabis Production in Ontario Industry?

    The industry includes all companies licensed by Health Canada to cultivate, produce and sell products containing marijuana for medical and recreational consumption. The value of medical marijuana grown privately and illegal purchases of cannabis products for recreational use are both excluded from this industry.

    Industry Products
  • Dry cannabis
  • Concentrates
  • Capsules and seeds
  • Industry Activities
  • Growing marijuana
  • Retailing marijuana products
  • Processing marijuana
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer spending in Ontario
  • Number of Adults aged 65 and older in Ontario
  • Regulation
  • Total health expenditure
  • External competition

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Cannabis Production in Ontario Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Pharmacies & Drug Stores in Canada
  • Consumers in Canada

  • Key Selling Industries
  • Fertilizer Manufacturing in Canada
  • Lighting & Bulb Manufacturing in Canada
  • Major Household Appliance Manufacturing in Canada
  • Pesticide Manufacturing in Canada

  • Products & Services
  • Concentrates
  • Dry cannabis
  • Capsules and seeds
  • Other
  • Chart: Cannabis Production in Ontario Industry Products and Services Segmentation

  • Major Markets
  • Consumers aged 25 to 44
  • Consumers aged 45 to 64
  • Consumers aged 18 to 24
  • Consumers aged 15 to 17
  • Consumers aged 65 and older
  • Chart: Major Market Segmentation for the Cannabis Production in Ontario Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Cannabis Production in Ontario

  • Basis of Competition
    Barriers to Entry
    Aphria Inc., Canopy Growth Corporation, Aurora Cannabis Inc., Wayland Group Corporation,
  • Table: Aphria Inc. - financial performance
  • Table: Canopy Growth Corporation - financial performance
  • Table: Aurora Cannabis Inc. - financial performance
  • Table: Wayland Group Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Cannabis Production in Ontario Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Cannabis Production in Ontario Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Per capita disposable income in Ontario (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Cannabis
  • The plant from which marijuana is harvested.
  • Dispensary
  • Designated medical marijuana retail stores.
  • Edibles
  • Edible cannabis products, often in the form of baked goods or candies.
  • Joint
  • A rolled cigarette containing dried marijuana, often hand-rolled by the consumer.
  • What Our Customers Say

    Why buy this report?

    The Cannabis Production in Ontario market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Cannabis Production in Ontario:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Cannabis Production in Ontario market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Cannabis Production in Ontario, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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