Cannabis Technology Market set to hit $23.2 billion by 2035, as per recent research by DataString Consulting

Higher trends within Cannabis Technology applications including cultivation technology, extraction technology, delivery systems and regulatory compliance software; and other key wide areas like cannabis cultivation and monitoring and cannabis extraction technology are expected to push the market to $23.2 billion by 2035 from $3.1 billion of 2024.

A key application of cannabis technology involves advanced cultivation and monitoring systems to maximize yields and potency. Tech platforms can automate the watering, fertilizing, and lighting of plants to manage growth cycles more efficiently. Companies like AeroGrow have pioneered this technology, providing an ideal environment for cannabis growth through state-of-the-art hydroponic systems The processing of medical marijuana involves cannabis technology via extraction systems. Supercritical CO2, alcohol, or water extraction protocols are primarily employed to isolate cannabinoids for medicinal uses. Top players like Eden Labs have been notable in this region, providing high-efficiency, food-safe extraction equipment that ensures a consistent and pure product

Detailed Analysis - https://datastringconsulting.com/industry-analysis/cannabis-technology-market-research-report

With the advent of Cannabis Technology, there has been a marked transformation in agricultural practices associated with cannabis cultivation. Sophisticated technologies like predictive analysis, AI controlled systems, and blockchainbased quality tracing have been introduced. Not only has this enhanced productivity, but it also ensures the production of premium quality cannabis. Enhancements in IoT enabled devices and automated systems have also significantly decreased the probability of crop failure, combating traditional agricultural challenges faced by cannabis cultivators. Cannabinoid biosynthesis, one of the latest technology trends, is redefining cannabis cultivation, making the process more efficient, costeffective and environmentally friendly.

Industry Leadership and Strategies

The Cannabis Technology market within top 3 demand hubs including U.S., Canada and Germany, is characterized by intense competition, with a number of leading players such as MJ Freeway, Akerna Corp, Canix, Artemis, Trellis, Flowhub, Greenbits, BioTrack THC, Ample Organics, Dauntless, Weedmaps and Leafly. Below table summarize the strategies employed by these players within the eco-system.

This market is expected to expand substantially between 2025 and 2030, supported by market drivers such as regulatory advancements boosting the cannabis industry, advancements in cannabis cultivation technologies, and growing consumer adoption and demand for cannabis-based wellness products.

Regional Analysis

As a pioneering region in the integration of Cannabis Technology, North America is witnessing tremendous growth in the sector with its expanding legalization measures and growing acceptance of cannabis-based products. Underpinned by the development of sophisticated platforms and applications, the Cannabis Technology market in this region is growing at an unprecedented rate. The robust infrastructure, strong regulatory frameworks, and increasing investment in research and development are pivotal growth drivers in North America. Moreover, fierce competition here compels businesses to adopt state-of-the-art cannabis cultivation technologies, data-tracking systems, and high-tech delivery systems like drones, enhancing the markets overall technological footprint.

Research Study analyse the global Cannabis Technology market in detail and covers industry insights & opportunities at Cultivation Technology (Precision Agriculture, Indoor Farming, Greenhouses), Extraction Technology (Solvent-Based, Solventless, CO2) and Retail Technology (B2C Platforms, POS Systems, CRM) for more than 20 countries.

About DataString Consulting

DataString Consulting assist companies in strategy formulations & roadmap creation including TAM expansion, revenue diversification strategies and venturing into new markets; by offering in depth insights into developing trends and competitor landscapes as well as customer demographics. Our customized & direct strategies, filters industry noises into new opportunities; and reduces the effective connect time between products and its market niche.

DataString Consulting offers complete range of market research and business intelligence solutions for both B2C and B2B markets all under one roof. DataString’s leadership team has more than 30 years of combined experience in Market & business research and strategy advisory across the world. Our Industry experts and data aggregators continuously track & monitor high growth segments within more than 15 industries and 60 sub-industries.