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Global Cannabis Technology Market Size study & Forecast, by Application (Cultivation, Processing/Manufacturing, Warehousing, Consumption), by Distribution Channel (Online, Offline), by Component (Hardware, Software), by End Use (Medical, Recreational, Industrial) and Regional Analysis, 2023-2030

July 2023 | 200 pages | ID: GBCEEE656FE1EN
Bizwit Research & Consulting LLP

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Global Cannabis Technology Market is valued at approximately USD 3.87 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 25.3%ver the forecast period 2023-2030. The cannabis technology market refers to the segment of the technology industry that develops and provides innovative solutions specifically designed for the cannabis industry, including software, hardware, and other technological advancements that enhance various aspects of the cultivation, processing, distribution, and consumption of cannabis products. Cannabis Technology Market is being driven by factors such as the rising trend of cannabis legalization in various regions and increasing medical applications of cannabis.

Cannabis is mostly used for medical purpose because it has psychoactive and medicinal properties which is used for treating chronic pain and more. The National Academies of Sciences, Engineering, and Medicine endorse the use of medical cannabis as a viable option for treating chronic pain. Chronic pain is a leading cause of disability, affecting more than 25 million adults in U.S. Food and Drug Administration (FDA) approved the use Source of a medication containing cannabidiol (CBD) to treat two rare, severe, and specific types of epilepsy. Additionally, many countries that legalized recreational use of cannabis are Canada, Georgia, Malta, Mexico, South Africa, Thailand, and Uruguay, plus 23 states, 3 territories, and the District of Columbia in the United States and the Australian Capital Territory in Australia. Thus, the rising legalization of cannabis and rising medical use of cannabis fuel the growth of the market. In addition, advancements in cannabis cultivation technology and also advancement in extraction and processing technologies create lucrative opportunities for the market. However, the research and development restrictions on cannabis hinder market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Cannabis Technology Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the growing implementation of technology in the cannabis industry, coupled with the increasing trend of vaping in the region. North America also considered as the fastest growing region during the forecasted period due to the rising legalization of cannabis in the region. For instance, 21 states in the U.S. have legalized the recreational use of cannabis.
Major market player included in this report are:
Ardent Life, Inc.
Demetrix, Inc.
Courier Plus, Inc. (Dutchie)
Casters Holdings LLC (Fyllo)
Green Thumb Industries
Jane Technologies, Inc.
LeafLink, Inc.
Puff Corporation (Puffco)
SpringBig
Stealth Monitoring Inc.

Recent Developments in the Market:
In February 2022, CannaDAO, a decentralized autonomous organization (DAO), unveiled its blockchain platform designed to revolutionize the cannabis industry by promoting disruption, destigmatization, and decentralization. The platform's launch can be facilitated by the Aurora cross-chain bridge, which operates on the NEAR protocol. By utilizing blockchain technology and the principles of a DAO, CannaDAO aims to introduce transparency, efficiency, and inclusivity to the cannabis growing and operations sector. This innovative approach has the potential to reshape the industry, providing a secure and decentralized platform for participants to engage in various activities related to cannabis cultivation and operations.
Global Cannabis Technology Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Application, Distribution Channel, Component, End Use, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application:
Cultivation
Processing/Manufacturing
Warehousing
Consumption

By Distribution Channel:
Online
Offline

By Component:
Hardware
Software

By End Use:
Medical
Recreational
Industrial

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Cannabis Technology Market , by Region, 2020-2030 (USD Billion)
  1.2.2. Cannabis Technology Market , by Application, 2020-2030 (USD Billion)
  1.2.3. Cannabis Technology Market , by Distribution Channel, 2020-2030 (USD Billion)
  1.2.4. Cannabis Technology Market , by Component, 2020-2030 (USD Billion)
  1.2.5. Cannabis Technology Market , by End Use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL CANNABIS TECHNOLOGY MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL CANNABIS TECHNOLOGY MARKET DYNAMICS

3.1. Cannabis Technology Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Rising trend of cannabis legalization in various regions
    3.1.1.2. Increasing medical applications of cannabis
  3.1.2. Market Challenges
    3.1.2.1. Research and development restrictions on cannabis
  3.1.3. Market Opportunities
    3.1.3.1. Advancement in cannabis cultivation technology
    3.1.3.2. Advancement in extraction and processing technologies

CHAPTER 4. GLOBAL CANNABIS TECHNOLOGY MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL CANNABIS TECHNOLOGY MARKET, BY APPLICATION

5.1. Market Snapshot
5.2. Global Cannabis Technology Market by Application, Performance - Potential Analysis
5.3. Global Cannabis Technology Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
5.4. Cannabis Technology Market , Sub Segment Analysis
  5.4.1. Cultivation
  5.4.2. Processing/Manufacturing
  5.4.3. Warehousing
  5.4.4. Consumption

CHAPTER 6. GLOBAL CANNABIS TECHNOLOGY MARKET BY DISTRIBUTION CHANNEL

6.1. Market Snapshot
6.2. Global Cannabis Technology Market by Distribution Channel, Performance - Potential Analysis
6.3. Global Cannabis Technology Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Billion)
6.4. Cannabis Technology Market , Sub Segment Analysis
  6.4.1. Online
  6.4.2. Offline

CHAPTER 7. GLOBAL CANNABIS TECHNOLOGY MARKET BY COMPONENT

7.1. Market Snapshot
7.2. Global Cannabis Technology Market by Component, Performance - Potential Analysis
7.3. Global Cannabis Technology Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
7.4. Cannabis Technology Market , Sub Segment Analysis
  7.4.1. Hardware
  7.4.2. Software

CHAPTER 8. GLOBAL CANNABIS TECHNOLOGY MARKET, BY END USE

8.1. Market Snapshot
8.2. Global Cannabis Technology Market by End Use, Performance - Potential Analysis
8.3. Global Cannabis Technology Market Estimates & Forecasts by End Use 2020-2030 (USD Billion)
8.4. Cannabis Technology Market , Sub Segment Analysis
  8.4.1. Medical
  8.4.2. Recreational
  8.4.3. Industrial

CHAPTER 9. GLOBAL CANNABIS TECHNOLOGY MARKET, REGIONAL ANALYSIS

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Cannabis Technology Market , Regional Market Snapshot
9.4. North America Cannabis Technology Market
  9.4.1. U.S. Cannabis Technology Market
    9.4.1.1. Application breakdown estimates & forecasts, 2020-2030
    9.4.1.2. Distribution Channel breakdown estimates & forecasts, 2020-2030
    9.4.1.3. Component breakdown estimates & forecasts, 2020-2030
    9.4.1.4. End Use breakdown estimates & forecasts, 2020-2030
  9.4.2. Canada Cannabis Technology Market
9.5. Europe Cannabis Technology Market Snapshot
  9.5.1. U.K. Cannabis Technology Market
  9.5.2. Germany Cannabis Technology Market
  9.5.3. France Cannabis Technology Market
  9.5.4. Spain Cannabis Technology Market
  9.5.5. Italy Cannabis Technology Market
  9.5.6. Rest of Europe Cannabis Technology Market
9.6. Asia-Pacific Cannabis Technology Market Snapshot
  9.6.1. China Cannabis Technology Market
  9.6.2. India Cannabis Technology Market
  9.6.3. Japan Cannabis Technology Market
  9.6.4. Australia Cannabis Technology Market
  9.6.5. South Korea Cannabis Technology Market
  9.6.6. Rest of Asia Pacific Cannabis Technology Market
9.7. Latin America Cannabis Technology Market Snapshot
  9.7.1. Brazil Cannabis Technology Market
  9.7.2. Mexico Cannabis Technology Market
9.8. Middle East & Africa Cannabis Technology Market
  9.8.1. Saudi Arabia Cannabis Technology Market
  9.8.2. South Africa Cannabis Technology Market
  9.8.3. Rest of Middle East & Africa Cannabis Technology Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Key Company SWOT Analysis
  10.1.1. Company
  10.1.2. Company
  10.1.3. Company
10.2. Top Market Strategies
10.3. Company Profiles
  10.3.1. Ardent Life, Inc.
    10.3.1.1. Key Information
    10.3.1.2. Overview
    10.3.1.3. Financial (Subject to Data Availability)
    10.3.1.4. Product Summary
    10.3.1.5. Recent Developments
  10.3.2. Demetrix, Inc.
  10.3.3. Courier Plus, Inc. (Dutchie)
  10.3.4. Casters Holdings LLC (Fyllo)
  10.3.5. Green Thumb Industries
  10.3.6. Jane Technologies, Inc.
  10.3.7. LeafLink, Inc.
  10.3.8. Puff Corporation (Puffco)
  10.3.9. SpringBig
  10.3.10. Stealth Monitoring Inc.

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Cannabis Technology Market , report scope
TABLE 2. Global Cannabis Technology Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Cannabis Technology Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 4. Global Cannabis Technology Market estimates & forecasts by Distribution Channel 2020-2030 (USD Billion)
TABLE 5. Global Cannabis Technology Market estimates & forecasts by Component 2020-2030 (USD Billion)
TABLE 6. Global Cannabis Technology Market estimates & forecasts by End Use 2020-2030 (USD Billion)
TABLE 7. Global Cannabis Technology Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Cannabis Technology Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Cannabis Technology Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Cannabis Technology Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Cannabis Technology Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Cannabis Technology Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Cannabis Technology Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Cannabis Technology Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Cannabis Technology Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Cannabis Technology Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Cannabis Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. U.S. Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Cannabis Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. Canada Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Cannabis Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. UK Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Cannabis Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. Germany Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Cannabis Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. France Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Cannabis Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Italy Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Cannabis Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. Spain Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Cannabis Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. RoE Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Cannabis Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. China Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Cannabis Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. India Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Cannabis Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. Japan Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Cannabis Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. South Korea Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Cannabis Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. Australia Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Cannabis Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. RoAPAC Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Cannabis Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Brazil Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Cannabis Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Mexico Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Cannabis Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. RoLA Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Saudi Arabia Cannabis Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. South Africa Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEA Cannabis Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Cannabis Technology Market
TABLE 72. List of primary sources, used in the study of global Cannabis Technology Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered
List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Cannabis Technology Market , research methodology
FIG 2. Global Cannabis Technology Market , Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Cannabis Technology Market , key trends 2022
FIG 5. Global Cannabis Technology Market , growth prospects 2023-2030
FIG 6. Global Cannabis Technology Market , porters 5 force model
FIG 7. Global Cannabis Technology Market , pest analysis
FIG 8. Global Cannabis Technology Market , value chain analysis
FIG 9. Global Cannabis Technology Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Cannabis Technology Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Cannabis Technology Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Cannabis Technology Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Cannabis Technology Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Cannabis Technology Market , regional snapshot 2020 & 2030
FIG 15. North America Cannabis Technology Market 2020 & 2030 (USD Billion)
FIG 16. Europe Cannabis Technology Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Cannabis Technology Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Cannabis Technology Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Cannabis Technology Market 2020 & 2030 (USD Billion)
List of tables and figures are dummy in nature, final lists may vary in the final deliverable


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