North America Cannabis Market Insights Report Overview
Dive into the latest insights on the North America Cannabis Market with our comprehensive report, accurately curated by the experts at MarkNtel Advisors. Our report offers a thorough examination of the landscape, providing valuable data, impartial analysis, and strategic insights to drive informed decision-making.
Report’s Study Period:
- Historical Period: 2017-20
- Base Year: 2021
- Forecasting Period: 2022-27
We accurately gather data from primary and secondary sources, capturing the industry’s historical fluctuations and trends, including market dynamics, consumer behavior, manufacturing insights, and more. Leveraging this data alongside the base year information, we project the industry’s trajectory into the future.
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Industry Driving Factor:
- A rapid surge in the legalization & social acceptance of cannabis
- The rise in cannabis-based consumables
- Snowballing medical use of cannabis
Segmentation Summary: North America Cannabis Market
Our report delves into the intricate segmentation of the North America Cannabis Market, providing insights into each subdivision’s trajectory, trends, and advancements. This analysis empowers stakeholders to navigate the industry landscape with precision, understanding the nuances of each segment.
-By Type
- Flower
- Oil
Here, Flower-Based cannabis is projected to witness the maximum demand across North America through 2027. ‘Flower’ is the smokeable, trichome-enriched part of a cannabis plant. It is the most common form of cannabis consumption owing to its methods of use & versatility. It can be smoked, rolled into a joint, and even used for cooking. The THC content of cannabis flowers is around 15% or above.
Moreover, the boiling temperature of Cannabinoids is lower than the temperature at which cannabis flower starts burning. This property is used majorly in vaporizers, which is gaining immense popularity after the COVID-19 outbreak.
Further, favorable demand dynamics, higher availability & penetration, and a huge consumer base for such products, especially among the western markets, significantly contribute to the demand for flower-based cannabis and fuel the overall market growth.
-By Application
- Medical Use
- Self-Consumption / Private Use
-By Distribution Channel
- Regulated Dispensary
- Recreational Stores
- Stand-Alone Retailers
- Online Portals
-By End-User
- Patients
- Research Institute
- Research Companies
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Leading Competitor: North America Cannabis Market
- 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
Geographical Reach:
The North America Cannabis Industry spans across various, each characterized by unique cultural, regulatory, and economic factors. Our geographical analysis provides a comprehensive overview and forecast, considering these differences and assessing market players’ presence, consumer preferences, and more.
-By Country
- US
- Canada
- Mexico
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Key Focus Areas:
- What are the primary drivers and trends influencing the North America Cannabis Industry’s growth, and how is the market structured?
- How are segments within the North America Cannabis Industry defined, and what is the size of each segment?
- Which segments and geographical present the most promising growth opportunities?
- What does the competitive landscape look like, and how do key players position themselves within the market?
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