Cannabis seeds market value to hit $6.5 billion by 2031

The global cannabis seed market is on the cusp of remarkable growth, with a recent report projecting the sector's value to soar from $1.3 billion in 2021 to $6.5 billion by 2031.

This impressive growth is anticipated to be driven by an array of factors, particularly the modernization of cannabis-related laws across various regions and the rising popularity of home cultivation.

A significant growth factor is the recent legal changes allowing individuals in countries like Germany and the United States to legally purchase and grow cannabis plants at home.

Germany: A case study in legalization

Germany has seen an uptick in cannabis seed demand following the legalization of home cultivation. From April 2024, German residents have been permitted to grow up to three cannabis plants in their private homes, which has led to a notable increase in seed sales.

A recent poll revealed that 7% of respondents had already purchased cannabis seeds since legalization, while an additional 11% indicated plans to do so in the near future.

These figures underscore the expanding market for cannabis seeds in Europe, where seed banks are seeing a surge in sales, further fueling the industry’s growth trajectory.

The United States: Cannabis seed sales surge post-legalization

The U.S. has also become a major player in the cannabis seed market, with 24 states now having passed adult-use legalization laws. While not all states permit home cultivation, the majority do, enabling consumers to take advantage of the opportunity to grow cannabis at home.

The 2018 Farm Bill has further clarified the legality of cannabis seeds, defining them as hemp and allowing for their nationwide sale in the U.S. due to the seeds’ lack of psychoactive THC.

Key insights from recent consumer studies

Beyond events and market projections, consumer attitudes toward home cultivation of cannabis are also shifting. A recent Harris Poll survey revealed that 61% of cannabis cultivators prefer to begin their gardens with seeds. Furthermore, the survey found that:

• 81% of cannabis consumers agree that all Americans should have the right to grow at home.
• 62% would prefer to grow their own cannabis rather than purchase it from retail outlets.
• 34% of those who have grown cannabis at home believe it to be a safer option compared to store-bought products.

Personal perspective

In my view, the rapid growth of the cannabis seed market is both exciting and a reflection of shifting global attitudes toward cannabis cultivation. As legalization efforts continue to progress worldwide, the demand for cannabis seeds will likely grow exponentially.

Personally, I find it fascinating to witness the intersection of legislation, consumer preferences, and the cannabis industry’s adaptation to meet these evolving needs.

With more people than ever interested in home cultivation, the future of cannabis genetics appears brighter than ever, and I’m eager to see where this dynamic industry heads next.