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

For inquiries or further discussions, connect with our analyst today to unlock the full potential of the North America Cannabis Industry.

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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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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 27.7.8 diverse industrial verticals.

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