CANNABIS TECHNOLOGY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Cannabis Technology Market, By Technology Type (Cultivation Technology, Extraction Technology, Processing Technology, Distribution Technology, and Retail Technology), By Distribution Channel (Online and Offline), By Component (Hardware and Software), By End User (Medical, Recreational, and Industrial), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

On August 7, 2024, Metrc, a provider of cannabis regulatory systems, launched Metrc Retail ID, a system that uses QR codes for item-level tracking, enhancing supply chain transparency and compliance in the cannabis technology industry. This innovation gives consumers real-time access to product details like origin, potency, and test results, addressing growing demands for transparency and boosting safety.
In March 2023, Atlas Global Brands Inc., a cannabis company, signed an exclusive five-year licensing agreement with Snoop Dogg to launch its cannabis brands internationally. The partnership allows Atlas to produce, distribute, and promote Snoop’s cannabis products—including flowers, pre-rolls, concentrates, oils, edibles, and vaporizers—across Canada for recreational use and in Germany, Israel, and Australia for medical use.