North America Cannabis Market is Projected to Grow at a CAGR of 27.7% from 2022-27| MarkNtel Advisors

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posted on 3 weeks ago — updated on 1 second ago

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The North America Cannabis Market is anticipated to grow at a CAGR of around 27.7% during the forecast period, i.e., 2022-27.

Overview of the North America Cannabis Market: Key Statistics and Trends:

According to the latest report by MarkNtel Advisors, titled “North America Cannabis Market 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), The North America Cannabis Market is anticipated to grow at a CAGR of around 27.7% during the forecast period, i.e., 2022-27. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.

North America Cannabis Market Growth and Scope:

Base Year: 2021

Forecast Period: 2022-27

Historical Data: 2017-20

CAGR (2022-2027): 27.7%

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Key Driver

A rapid surge in the legalization & social acceptance of cannabis
The rise in cannabis-based consumables
Snowballing medical use of cannabis

A Comprehensive Analysis of Leading Companies of North America Cannabis Market by MarkNtel Advisors:

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

Key North America Cannabis Market Segmentation:

Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/north-america-cannabis-market.html

-By End-User

Medical Use
Self-Consumption / Private Use

Among all, Medical Cannabis is anticipated to capture the largest market share during 2022-27.

-By Type

Flower
Oil

Here, Flower-Based cannabis is projected to witness the maximum demand across North America through 2027.

-By Application

Medical Use
Self-Consumption / Private Use

-By Distribution Channel

Regulated Dispensary
Recreational Stores
Stand-Alone Retailers
Online Portals

Geographical Analysis

-By Country

US
Canada
Mexico

Of all, Canada is anticipated to dominate the market with the largest share during the forecast period.

Key Reports Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

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Key Advantages of the Report by MarkNtel Advisors:

Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.

Note: If you need additional information not included in the report, we can customize it to suit your requirements.

About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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