Quick Overview of the North America Cannabis Market Analysis

The objective of the North America Cannabis Market Research Report is to provide a detailed and useful data, and a geographical perspective for predictions of future. The recommendations included in the report are supposed to be insightful and actionable, offering a thorough understanding of the industry. Moreover, it includes a comprehensive table of contents, relevant data, and an analysis of numerous important aspects that have impacted the market.

According to the latest report analysis by MarkNtel Advisors, the North America Cannabis Market is anticipated to grow at a CAGR of around 27.7% during the forecast period, i.e., 2022-27. This detailed study provides a detailed overview of the current market state, including market trends, opportunities, along with the recent developments. In-depth analysis of market share, size, forecast, and competitive landscape is also covered in this report that presents a clear picture of the industry with relevant statistical data.

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Latest Driver Contributing in the North America Cannabis Industry:

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

A Detailed Outlook of North America Cannabis Market Segmentation

The Market Segmentation analysis provides and accurate data of the industry to help the analysts make smart strategic investment decisions. Also, the prediction of the market is included for national, and level in the research. The study analyses latest trends of the industry from 2022-27 for each of the category. Different segments were used to classify the market for this study are listed below:

-By Application

• Medical Use
• 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

Geographical Analysis:

-By Country

• US
• Canada
• Mexico

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.

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Lead the North America Cannabis Market with a Deep Evaluation of the Competition

This report also includes accurate facts, figures, and market data into income assessments, and projections in the industry by using a wide range of statistical tools and knowledge about the market by the experts. Each notable market participant has a SWOT evaluation, a profile and a complementary Porter’s Five Forces analysis.

Moreover, to take the benefits of new opportunities, dominating players have been constantly realigning their systems, and methods of operation. We also evaluate major businesses that are influences on a geographical scale along with the small and medium-sized businesses that plays crucial role and have substantial opportunity for expansion in order to accurately reflect the levels of market competition.

The details on the following key players is presented in this section as:

• 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

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Key Report 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

Why choose MarkNtel?

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

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.

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