Statista Cannabis Market Data & Analysis Report
The 2024 Cannabis Market Data & Analysis Report from Statista, a global data and business intelligence platform, provides an international oversight into the Cannabis market. This 72-page report offers insight into drivers, current market trends, key companies, consumer insights, and future developments in the market.
“New product innovation and a shift in attitude towards cannabis from consumers and governments have led to a growing Cannabis market. Overall, the Cannabis market realized a revenue of US$59.4 billion worldwide in 2023.”
The analysts at Statista predict that the cannabis market will grow at a CAGR of 3.01% between 2024 and 2029. “Particularly strong growth is expected in upper-middle-income countries, due to the growing trend of changes in cannabis legislation and the corresponding expansion of supporting infrastructure.”
Statista reports, “Together, the Recreational and Medical Cannabis segments account for 51% of the total global revenue, due to the major sales of cannabis for recreational and medical-use in Canada and the United States.”
Statista is a global data and business intelligence platform with an extensive collection of statistics, reports, and insights on over 80,000 topics from 22,500 sources in 170 industries. Established in Germany in 2007, Statista operates in 13 locations worldwide and employs around 1,100 professionals.
For more information about this report visit: https://www.statista.com/study/119812/cannabis-market-data-and-analysis/
European Cannabis Report 2024
The 9th Edition of the longest-standing annual report dedicated to Europe’s evolving and dynamic legal cannabis market is now available.
The European Cannabis Report: 9th Edition offers the most up-to-date insights and analysis on the evolution of key cannabis markets across Europe, including: Germany, the UK, Switzerland, the Netherlands and the Czech Republic.
Published by Prohibition Partners, a free-to-download version of the report is available that excludes market sizing analysis. For market sizing data and analysis, please see the paid-for packages.
For more information, including how to download a free copy of the report, visit:
https://prohibitionpartners.com/reports/the-european-cannabis-report-9th-edition/
Cannabis Industry Makes Predictions for 2024
While there are no guarantees as to what will happen in the cannabis marketplace, media members and industry analysts have been making predictions for 2024.
Investing News Network published both a year-end review and a forecast for the future that covered Canada, the US and global markets. For the projections, INN reached out to experts to learn about the key trends and challenges they expect to see in 2024.
https://investingnews.com/daily/cannabis-investing/cannabis-market-update/
https://investingnews.com/cannabis-forecast/
The Business of Cannabis published a series of articles in December 2023 and January 2024 with projections by industry stakeholders.
For their North American edition, the Business of Cannabis “spoke with a wide roster of industry stakeholders to discuss everything from the anticipated surge of pre-rolls, poised to surpass flower consumption in both Canada and the United States, to legislative reforms and the emergence of new market opportunities, such as cannabinoid therapeutics.”
https://businessofcannabis.com/looking-ahead-whats-in-store-for-cannabis-in-2024-part-1/
https://businessofcannabis.com/looking-ahead-whats-in-store-for-cannabis-in-2024-part-2/
https://businessofcannabis.com/looking-ahead-whats-in-store-for-cannabis-in-2024-part-3/
For the European edition, the Business of Cannabis focused on Germany and the UK.
https://businessofcannabis.com/whats-in-store-for-the-european-cannabis-in-2024-part-1/
https://businessofcannabis.com/whats-in-store-for-the-european-cannabis-in-2024-part-2/
The research firm Brightfield Group published “Six Insights from 2023 for 2024 Success in Canadian Cannabis.” This blog post offers a brief overview of the state of the Canadian cannabis industry plus trends for the future.
https://blog.brightfieldgroup.com/2024-canadian-cannabis-trends
The Green Market Report, which is focused on cannabis industry financial news, published “Cannabis Industry Executives Share Predictions for 2024.” This short article discusses both US and International reforms.
https://www.greenmarketreport.com/cannabis-industry-executives-share-predictions-for-2024/
The International Cannabis Business Conference blog offered up predictions for various markets around the globe in a post titled, “What Will Happen In 2024 Within The Global Cannabis Industry?”
https://ca.internationalcbc.com/what-will-happen-in-2024-within-the-global-cannabis-industry/
Market research company Technavio published a report titled, “US-Cannabis Market by Derivative Type, Product and Geography-Forecast and Analysis 2023-2027.” While focused on the USA, some of trends are likely the same as those that will affect the Canadian market. “The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers.”
https://www.technavio.com/report/us-cannabis-market-analysis
Report: Medical Cannabis Access and Experiences in Canada
The Medical Cannabis Access Survey Summary Report, issued in April of 2023, provides an in-depth view of individuals currently taking medical cannabis in Canada and their access experiences.
Topics covered by the report include:
- Changes in Medical Cannabis Use Since Implementation of the Cannabis Act
- Retention of the Medical Cannabis Program and Needed Improvements
- Perceived Improvements to the Medical Cannabis Program
This report was formulated from results drawn from the Medical Cannabis Access Survey, which received ethical approval from the University of Manitoba Research Ethics Board 1 and McGill University Research Ethics Office of the Faculty of Medicine and Health Sciences.
For more information and to download a copy of the summary report, visit: https://www.medicalcannabissurvey.ca/report
The European Cannabis Report for 2023
Published by Prohibition Partners, The European Cannabis Report: 8th Edition, 2023, provides the latest information and analysis on the development of the cannabis markets across Europe.
“Included in the report are deep dives into all key sectors and geographic regions in the European cannabis industry, with many data sources which have been exclusively obtained by Prohibition Partners, or else remain un-reported to date.”
For more information, including how to download a free copy of the report, visit:
https://prohibitionpartners.com/reports/the-european-cannabis-report-8th-edition/
Canadian Cannabis: State of the Industry Report
The industry analysts at Ernst & Young have published a state of the industry report for the Canadian cannabis industry. Covering until the end of 2022, this report was “intended to highlight the key issues facing the cannabis industry and provide the supporting evidence.”
The executive summary highlights:
1. Successes of legalization;
2. Key issues facing the industry;
3. Key implications and takeaways, and
4. Future policy considerations
The methodology used to create the report including secondary and primary research to identify high-level successes and issues since inception of the Cannabis Act.
For more information about this report, visit:
https://www.ey.com/en_ca/cannabis-centre-of-excellence/canadian-cannabis-state-of-the-industry
Research Predicts International Cannabis Market Increases Across Globe
A new research report forecasts increases over 2021 cannabis sales from 16 percent in Europe and 22 percent in Asia to 45 percent in Latin America.
The report titled “International Cannabis Refresh: The impact of shifting global regulatory environments” was published in October 2022 by the Brightfield Group.
The researchers state that growth in Europe “can largely be attributed to the commencement of adult-use sales, both in trial programs and in formal regulation…” But they also say that domestic cultivation could boost market sizes, “with many countries currently relying on imports from other nations.”
The Asia Pacific & Middle East region shows even higher forecasted increases over 2021 – as much as 22 percent. Israel has the largest market with Australia in second place.
In Latin America, cannabis sales are expected to increase by as much as 45 percent over 2021. This is attributed to the expectation that Mexico and Costa Rica will enter the marketplace by 2025.
The publishers of this report, Brightfield Group, is a research firm specializing in emerging categories including CBD, cannabis, and wellness.
For more information visit: Brightfield Group.
Cannabis Packaging Market Report 2022-2027
This report provides Global Industry Trends, Share, Size, Growth, Opportunity and 2022-2027 Forecast for the Cannabis Packaging Market.
According to the report, the global cannabis packaging market reached a value of US$ 982.4 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3949.6 Million by 2027, exhibiting a CAGR of 25.40% during 2022-2027.
In this report, IMARC Group provides an analysis of the key trends in each sub-segment of the global cannabis packaging market, along with forecasts at the global, regional and country level from 2022-2027.
For more information about the report, visit:
https://www.imarcgroup.com/cannabis-packaging-market
For information on how AirMed helps manage packaging, visit:
https://airmedcloud.com/software/#stock
Global Cannabis Market Report 2021-2026
The Global Cannabis Market report for 2021-2026 provides Growth, Trends, COVID-19 Impact, and Forecasts.
According to the report, the global cannabis market was Valued at USD 22.10 billion in 2020. The market is projected to witness a CAGR of 13.9% during the forecast period (2021-2026).
“Like every other market, COVID-19 had an adverse impact on the cannabis market as well. The imposition of lockdown limited consumers from visiting brick-and-mortar shops. However, many cannabis companies began relying heavily on social media and e-commerce platforms to market to consumers during the year. Cannabis retail outlets, producers, manufacturers, distributors, and warehouses were deemed essential services by the Alberta Government on March 30, 2020. As a result, cannabis businesses and services continued to serve Albertans throughout the COVID-19 pandemic.”
For more information on this report, visit:
https://www.researchandmarkets.com/reports/4771910/global-cannabis-market-growth-trends-covid-19
For information on how AirMed helps the Canadian cannabis companies, visit:
https://airmedcloud.com/customers/
North America Legal Cannabis Market Report 2021-2026
Titled, North America Legal Cannabis Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, this report is published by IMARC Group.
According to the report, the North America legal cannabis market reached a value of US$ 16 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 26.2% during 2021-2026.
In this report, IMARC Group provides an analysis of the key trends in each sub-segment of the North America legal cannabis market report, along with forecasts at the global and regional level from 2021-2026.
For more information visit:
https://www.imarcgroup.com/north-america-legal-cannabis-market
For information on how AirMed helps legal cannabis producers and processors, visit: https://airmedcloud.com/compliance/