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CANNABIS TECHNOLOGY MARKET Size and trends

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)

  • Published In : Feb 2025
  • Code : CMI7494
  • Pages :140
  • Formats :
      Excel and PDF
  • Industry : Pharmaceutical

Cannabis Technology Market Size and Trends

Global cannabis technology market is estimated to be valued at USD 5.15 Bn in 2025 and is expected to reach USD 25.41 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 25.6% from 2025 to 2032.

Cannabis Technology Market Key Factors

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The market is witnessing huge growth due to growing awareness regarding the health benefits of cannabis and relaxing regulations related to marijuana in numerous countries. Advent of innovative technological solutions for cannabis cultivation and processing can also drive the market growth. Automated cultivation and processing system are gaining popularity among cultivators and manufacturers with an aim to improve production efficiency. Advancements in AI and IoT can also drive the market growth. For example, AI and IoT based sensors are being used to carry out environment and soil monitoring for optimum cultivation.

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