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Key regions: Australia, Europe, South Africa, United States, Netherlands
Lesotho has emerged as a key player in the Medical Cannabis market, attracting significant attention from investors and stakeholders globally.
Customer preferences: Consumers in Lesotho are increasingly leaning towards medical cannabis products due to the growing awareness of its potential health benefits. The shift towards natural remedies and alternative medicine has driven demand for medical cannabis in the country, aligning with global trends of increasing acceptance and legalization of cannabis for medical purposes.
Trends in the market: One notable trend in the Medical Cannabis market in Lesotho is the emphasis on export opportunities. The country's favorable climate and regulations have positioned it as a hub for cultivating high-quality medical cannabis for export to international markets. This focus on exports has not only boosted the local economy but has also put Lesotho on the map as a key player in the global medical cannabis industry.
Local special circumstances: Lesotho's unique geographical location and climate provide ideal conditions for cannabis cultivation, making it a prime location for companies looking to establish cultivation operations. Additionally, the government's progressive stance on medical cannabis regulation has created a conducive environment for industry growth. These factors have attracted significant investment in the sector, further propelling the market forward.
Underlying macroeconomic factors: The Medical Cannabis market in Lesotho is also influenced by broader macroeconomic factors such as job creation and economic development. The growth of the medical cannabis industry has created employment opportunities and contributed to the country's GDP. Furthermore, the influx of investment in the sector has stimulated economic growth and positioned Lesotho as a competitive player in the global cannabis market.
Data coverage:
Data encompasses B2B and B2C enterprises. Figures are based on companies' revenues, funding values and global consumer survey data. Revenues include retail, sales and taxes.Modeling approach / Market size:
Market sizes are determined by a Top-Down approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use financial reports, third-party data. Next, we use relevant key market indicators and data from country-specific associations such as tobacco spending per capita, medical product spending per capita, consumer spending and consumer spending for recreation purposes, population. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, S-Curve function, ARIMA time series model and exponential curve function.Additional Notes:
The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. GCS data is reweighted for representativeness.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)