MarkNtel Advisors’ industry professionals present a comprehensive and professional study of the North America Cannabis Market. The study is a perfect blend of quantitative and qualitative data that highlights the industry’s competition as well as gap analysis, key market developments, challenges, new opportunities, and market trends. The North America Cannabis Market is anticipated to experience a CAGR of 27.7% during the forecast period 2022-2027.
The research provides a thorough examination of the North America Cannabis Market and highlights significant shifts or trends for industries, suppliers, associations, and organizations. Based on revenue, demand, sales, product manufacturers, and service providers, the research provides unique information on key market rivals and emerging firms with significant market share. The report focuses on general data that can be used to make market-related decisions.
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| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2017-20 |
| Base Year: 2021 | |
| Forecast Period: 2022-27 | |
| CAGR (2022-2027) | 27.7% |
| Countries Covered | North America: USA, Canada, Mexico |
| Key Companies Profiled | 22nd Century Group Inc, Medical Marijuana Inc, Hemp Inc, Axim Biotechnologies Inc, Arena Pharmaceuticals Inc., Canopy Growth Corporation, Aphria Inc, Aurora Cannabis Inc, Abcann Medicinals Inc |
| Unit Denominations | USD Million/Billion |
Key Objective of this Research Report –
- To provide in-depth information on the critical factors influencing the market growth.
- To evaluate the market competition, including new product/service launches, market expansions, contracts, and acquisitions.
- To examine the market in terms of distinct growth trends, market share contributions, and potential future growth.
- To develop a strategic profile of the major market players and conduct an in-depth analysis of their expansion plans.
- The value of a product or service will be determined by key segments and geographical areas using historical data and projections through 2027.
- Recognizing the numerous sub-segments within the North America Cannabis market is required to comprehend its structure.
- Identify, characterize, and analyze major market players’ market share, market value, competitive landscape, SWOT analysis, Porter’s Five Forces analysis, and expansion plans over the forecast period.
- To forecast the dominance and growth of major geographic countries (together with each of their primary countries).
Market Dynamic
This study provides a thorough review of the North America Cannabis market analysis. The report’s market projections are the result of in-depth investigation, interviews, and internal expert evaluations. These market estimations were created by looking into the numerous political, social, and economic aspects that have shaped the market’s growth as well as current market trends.
Country Wise Market Growth Data –
North America Cannabis Market is divided into US, Canada, mexico countries. Of all, Canada is anticipated to dominate the market with the largest share during the forecast period. The country has witnessed high levels of cannabis use in the previous years and is set to prevail in the same trend in the coming years. In 2020, more than a quarter of people aged 16 & above reported non-medical use of cannabis. Moreover, the consumption of cannabis in men was found higher than in women; and among the age group of 20-24 for both sexes.
Market Growth Factor
- A rapid surge in the legalization & social acceptance of cannabis
- The rise in cannabis-based consumables
- Snowballing medical use of cannabis
Major Growth Challenges
- Side effects of medical cannabis
- strict norms related to the production, sales, & usage of cannabis
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Table of Content
- Introduction
- Market Segmentation
- Product Definition
- Research Process
- Assumptions
- Executive Summary
- Impact of COVID-19 on the North America Cannabis Market
- North America Cannabis Market Policies, Regulations, Product Standards
- North America Cannabis Market Trends & Insights
- North America Cannabis Market Dynamics
- Growth Drivers
- Challenges
- Impact Analysis
- North America Cannabis Market Hotspot & Opportunities
- North America Cannabis Market Key Strategic Imperatives for Success & Growth
- North America Cannabis Market Analysis, 2017-2027F
Market Top Participants Analysis
The report gives important information that can be used to better understand the market and design effective corporate expansion strategies. In-depth analysis of both recent market entrants and current competitors in the North America Cannabis industry is provided in this section, which also addresses important issues like market positioning and potential growth strategies. The study examines the competitive environment of the North America Cannabis market and provides detailed profiles of the key players. The companies listed are as follows:
- – 22nd Century Group Inc
- – Medical Marijuana Inc
- – Hemp Inc
- – Axim Biotechnologies Inc
- – Arena Pharmaceuticals Inc.
- – Canopy Growth Corporation
- – Aphria Inc
- – Aurora Cannabis Inc
- – Abcann Medicinals Inc
Complete Segmentation Study
Precise statistical information, facts, trends, statistics, and industry segmentation insights are all included in the research. It focuses on, examines, and offers a geographical analysis of the key market segments. The following criteria are used to categorise the market under study: –
By Application
- Medical Use
- Chronic Pain
- Mental Disorder
- Cancer
- Others (Nausea, Muscle Spasms, Migraine, Glaucoma)
- Self-Consumption / Private Use
By Product Type
- Flower
- Oil
By Distribution Channel
- Regulated Dispensary
- Recreational Stores
- Stand-Alone Retailers
- Online Portals
By End-User
- Patients
- Research Institute
- Research Companies
Understanding the categories makes it simpler to recognize the importance of numerous factors that influence market growth.
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