Legal Cannabis Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, Canada, Australia, Germany, UK - Size and Forecast 2023-2027

Published: Oct 2023 Pages: 163 SKU: IRTNTR44616

Legal Cannabis Market Forecast 2023-2027

The global Legal Cannabis Market size is projected to increase by USD 54.57 billion and the market size is estimated to grow at a Compound annual growth rate (CAGR) of 21.6% between 2022 and 2027. 

North America dominated the market during the forecast period. Key countries contributing to the market growth include the US, Canada, the UK, Germany, and Australia. Several factors play a crucial role in the market's growth, such as the number of countries decriminalizing and legalizing cannabis is rising, fueled by the growing purchasing power of millennials in the industry, and the recognized health benefits of medical cannabis.

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Driver - The decriminalization and legalization of cannabis 

This shift in regulations not only increases the potential consumer base but also drives market growth. Moreover, it contributes to a change in societal attitudes towards cannabis, reducing stigma and boosting consumer acceptance. The demand for both recreational and medicinal products is on the rise as a result. Clear frameworks provide structure for cultivation, production, distribution, and sale, attracting investment, promoting entrepreneurship, and stimulating market growth. By operating within established regulations, companies can thrive and contribute to the growth of the market.

Trends - Diversification of cannabis-infused edible products.

Traditionally limited to basic options like baked goods and candies, edibles are now becoming more sophisticated and diverse. This shift is driven by consumers' increasing health consciousness, seeking edibles that offer both nutritional benefits and therapeutic effects. Additionally, consumer education about different cannabis types and their specific properties has prompted companies to introduce edibles tailored to deliver targeted effects such as relaxation, pain relief, or energy boost. These factors are expected to fuel growth in the market.

Challenges -The lack of funding and investment in the market 

Many investment organizations, such as banks and other financial institutions, have expressed their reluctance to invest in the industry at regular intervals. Most investment organizations in the US and Canada have declined to provide loans to companies in the market. They have also declined to take a share in the revenue generated from the market, including hemp, marijuana, and other drug-related businesses. This has resulted in the lack of adequate banking options for companies, which causes significant problems in the diversion of funds and accounting. Owing to the lack of support from government organizations, companies in the market always look up to investors in the private sector to obtain the required capital. Consequently, their revenues are being reduced by paying higher interest rates. Additionally, in many Islamic countries, the use of cannabis is completely banned on religious grounds. Thus, there is no opportunity for foreign investment in these countries and this does not allow the sector to grow. During the forecast period, these factors are expected to hamper the market growth and trends.

Regional Insights 

North America is estimated to contribute 92% to the growth of the global market during the forecast period.

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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In North America, medical cannabis is legal in the US and Canada. Several government initiatives to legalize medical cannabis are primarily driving the growth of the market in the region. In 2022, North America was the largest region in the market. The market in North America is moderately concentrated due to the presence of several regional and global companies.

Market Segmentation

By Product -Medical Cannabis Segment

The market share growth by the medical Cannabis segment will be significant during the forecast period. The medical cannabis segment of the market refers to the use of cannabis and its derivatives for therapeutic purposes. Medical cannabis has been found to have potential therapeutic benefits for a range of medical conditions and symptoms.

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The medical cannabis segment was valued at USD 8.80 billion in 2017 and continued to grow until 2021. Medical products are typically prescribed or recommended by healthcare professionals based on individual patient needs. The industry is supported by ongoing research and clinical trials to further understand its potential therapeutic benefits, optimize formulations, and identify new medical applications. A clinical trial is necessary for the purpose of obtaining scientific information and gathering data regarding safety, efficacy, dosage, or interaction with other medicinal products.

The recreational cannabis segment of the market thrives in regions where cannabis has been legalized for adult use. Countries such as Canada, Uruguay, and several states in the US have implemented regulatory frameworks that allow the production, sale, and consumption of cannabis for recreational purposes. These regulations often outline age restrictions, possession limits, and licensing requirements for businesses operating in the recreational cannabis industry. The recreational segment offers a wide range of products to cater to different consumer preferences. This includes dried cannabis flowers, pre-rolled joints, cannabis-infused edibles, beverages, concentrates, extracts, and topical products. Such factors are expected to drive the growth of the recreational cannabis segment of the market during the forecast period.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Key Offering- Aurora Cannabis Inc.: The company has legal cannabis products under the brands MedReleaf and Aurora.

The market trends and analysis report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • Cannoid LLC
  • Canopy Growth Corp.
  • CBD American Shaman LLC
  • Cronos Group Inc.
  • CV Sciences Inc.
  • Elixinol Wellness Ltd.
  • Folium Biosciences
  • Jazz Pharmaceuticals Plc
  • Medical Marijuana Inc.
  • MediPharm Labs Inc.
  • Mentor Capital Inc.
  • PharmaHemp d.o.o.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The market is undergoing significant evolution, particularly in the medical field, where cannabinoids serve medicinal purposes for chronic pain, nausea, and epilepsy seizures, notably in regions like California, Portugal, and Canada. Despite being a Schedule I drug in many countries, the FDA and scientific community explore its efficacy. CBD products gain traction for various ailments, including anxiety and sleep disorders. The Cannabis Act (Bill C-45) in Canada and the legalization trend across North America challenge the illicit market. With ongoing research and support from organizations like the California Pharmacists Association, cannabis emerges as a promising therapeutic option, expanding its reach globally.

Segment Overview

The market growth analysis report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Product Outlook (USD Billion, 2017 - 2027)
    • Medical 
    • Recreational 
  • Derivative Type Outlook (USD Billion, 2017 - 2027)
    • CBD
    • THC
    • Balanced THC and CBD
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chili
      • Argentina
      • Brazil

Legal Cannabis Market Scope

Market Report Coverage

Details

Page number

163

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 21.6%

Market growth 2023-2027

USD 54.57 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

19.82

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 92%

Key countries

US, Canada, Australia, Germany, and UK

Competitive landscape

 Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks

Key companies profiled

Aurora Cannabis Inc., Bhang Corp., Cannabinoid Creations, Cannoid LLC, Canopy Growth Corp., CBD American Shaman LLC, Cronos Group Inc., CV Sciences Inc., Elixinol Wellness Ltd., Folium Biosciences, Jazz Pharmaceuticals Plc, Medical Marijuana Inc., MediPharm Labs Inc., Mentor Capital Inc., PharmaHemp d.o.o., Tikun Olam, Tilray Brands Inc., and Unrivaled Brands Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our market research and growth report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the market forecasting industry across North America, Europe, APAC, South America, and Middle East and Africa
  • Our market growth and forecasting report includes thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Derivative Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global legal cannabis market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global legal cannabis market 2017 - 2021 ($ billion)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
    • 4.3 Derivative Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Derivative Type Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Medical cannabis - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Medical cannabis - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Medical cannabis - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Medical cannabis - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Medical cannabis - Year-over-year growth 2022-2027 (%)
    • 6.4 Recreational cannabis - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Recreational cannabis - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Recreational cannabis - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Recreational cannabis - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Recreational cannabis - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Product
      • Exhibit 42: Market opportunity by Product ($ billion)
      • Exhibit 43: Data Table on Market opportunity by Product ($ billion)

    7 Market Segmentation by Derivative Type

    • 7.1 Market segments
      • Exhibit 44: Chart on Derivative Type - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on Derivative Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Derivative Type
      • Exhibit 46: Chart on Comparison by Derivative Type
      • Exhibit 47: Data Table on Comparison by Derivative Type
    • 7.3 CBD - Market size and forecast 2022-2027
      • Exhibit 48: Chart on CBD - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 49: Data Table on CBD - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 50: Chart on CBD - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on CBD - Year-over-year growth 2022-2027 (%)
    • 7.4 THC - Market size and forecast 2022-2027
      • Exhibit 52: Chart on THC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Data Table on THC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 54: Chart on THC - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on THC - Year-over-year growth 2022-2027 (%)
    • 7.5 Balanced THC and CBD - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Balanced THC and CBD - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Data Table on Balanced THC and CBD - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 58: Chart on Balanced THC and CBD - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Balanced THC and CBD - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Derivative Type
      • Exhibit 60: Market opportunity by Derivative Type ($ billion)
      • Exhibit 61: Data Table on Market opportunity by Derivative Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 Canada - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 99: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 Australia - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Australia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 104: Data Table on Australia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 105: Chart on Australia - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Australia - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ billion)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 Aurora Cannabis Inc.
              • Exhibit 115: Aurora Cannabis Inc. - Overview
              • Exhibit 116: Aurora Cannabis Inc. - Business segments
              • Exhibit 117: Aurora Cannabis Inc. - Key offerings
              • Exhibit 118: Aurora Cannabis Inc. - Segment focus
            • 12.4 Bhang Corp.
              • Exhibit 119: Bhang Corp. - Overview
              • Exhibit 120: Bhang Corp. - Product / Service
              • Exhibit 121: Bhang Corp. - Key offerings
            • 12.5 Cannoid LLC
              • Exhibit 122: Cannoid LLC - Overview
              • Exhibit 123: Cannoid LLC - Product / Service
              • Exhibit 124: Cannoid LLC - Key offerings
            • 12.6 Canopy Growth Corp.
              • Exhibit 125: Canopy Growth Corp. - Overview
              • Exhibit 126: Canopy Growth Corp. - Business segments
              • Exhibit 127: Canopy Growth Corp. - Key news
              • Exhibit 128: Canopy Growth Corp. - Key offerings
              • Exhibit 129: Canopy Growth Corp. - Segment focus
            • 12.7 CBD American Shaman LLC
              • Exhibit 130: CBD American Shaman LLC - Overview
              • Exhibit 131: CBD American Shaman LLC - Product / Service
              • Exhibit 132: CBD American Shaman LLC - Key offerings
            • 12.8 Cronos Group Inc.
              • Exhibit 133: Cronos Group Inc. - Overview
              • Exhibit 134: Cronos Group Inc. - Business segments
              • Exhibit 135: Cronos Group Inc. - Key news
              • Exhibit 136: Cronos Group Inc. - Key offerings
              • Exhibit 137: Cronos Group Inc. - Segment focus
            • 12.9 CV Sciences Inc.
              • Exhibit 138: CV Sciences Inc. - Overview
              • Exhibit 139: CV Sciences Inc. - Business segments
              • Exhibit 140: CV Sciences Inc. - Key offerings
              • Exhibit 141: CV Sciences Inc. - Segment focus
            • 12.10 Elixinol Wellness Ltd.
              • Exhibit 142: Elixinol Wellness Ltd. - Overview
              • Exhibit 143: Elixinol Wellness Ltd. - Business segments
              • Exhibit 144: Elixinol Wellness Ltd. - Key offerings
              • Exhibit 145: Elixinol Wellness Ltd. - Segment focus
            • 12.11 Folium Biosciences
              • Exhibit 146: Folium Biosciences - Overview
              • Exhibit 147: Folium Biosciences - Product / Service
              • Exhibit 148: Folium Biosciences - Key offerings
            • 12.12 Jazz Pharmaceuticals Plc
              • Exhibit 149: Jazz Pharmaceuticals Plc - Overview
              • Exhibit 150: Jazz Pharmaceuticals Plc - Product / Service
              • Exhibit 151: Jazz Pharmaceuticals Plc - Key news
              • Exhibit 152: Jazz Pharmaceuticals Plc - Key offerings
            • 12.13 Medical Marijuana Inc.
              • Exhibit 153: Medical Marijuana Inc. - Overview
              • Exhibit 154: Medical Marijuana Inc. - Product / Service
              • Exhibit 155: Medical Marijuana Inc. - Key offerings
            • 12.14 MediPharm Labs Inc.
              • Exhibit 156: MediPharm Labs Inc. - Overview
              • Exhibit 157: MediPharm Labs Inc. - Product / Service
              • Exhibit 158: MediPharm Labs Inc. - Key offerings
            • 12.15 Mentor Capital Inc.
              • Exhibit 159: Mentor Capital Inc. - Overview
              • Exhibit 160: Mentor Capital Inc. - Business segments
              • Exhibit 161: Mentor Capital Inc. - Key offerings
              • Exhibit 162: Mentor Capital Inc. - Segment focus
            • 12.16 PharmaHemp d.o.o.
              • Exhibit 163: PharmaHemp d.o.o. - Overview
              • Exhibit 164: PharmaHemp d.o.o. - Product / Service
              • Exhibit 165: PharmaHemp d.o.o. - Key offerings
            • 12.17 Tilray Brands Inc.
              • Exhibit 166: Tilray Brands Inc. - Overview
              • Exhibit 167: Tilray Brands Inc. - Business segments
              • Exhibit 168: Tilray Brands Inc. - Key offerings
              • Exhibit 169: Tilray Brands Inc. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 170: Inclusions checklist
                • Exhibit 171: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 172: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 173: Research methodology
                • Exhibit 174: Validation techniques employed for market sizing
                • Exhibit 175: Information sources
              • 13.5 List of abbreviations
                • Exhibit 176: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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