Land-based plants evolved when CO2 levels were much higher than today. [1] In fact levels have been steadily declining from 3000 ppm 150 million years ago; the current, holocene rise is a relatively minor bump. [2]
[1] https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1692178/
[2] http://caos.iisc.ernet.in/faculty/pghosh/content/Publication...