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Key regions: United States, Spain, Europe, Thailand, Canada
Lesotho, known for its unique geography as the only country in the world entirely above 1,000 meters in elevation, has been making strides in the Pharmaceutical Cannabis market.
Customer preferences: In Lesotho, customers are increasingly leaning towards Pharmaceutical Cannabis products due to their perceived medical benefits and growing acceptance of alternative forms of treatment. The demand for Pharmaceutical Cannabis is being driven by an aging population seeking relief from chronic pain and other medical conditions.
Trends in the market: One of the notable trends in the Pharmaceutical Cannabis market in Lesotho is the increasing number of companies entering the industry. This influx of competition is leading to a wider variety of products available to consumers, as well as driving innovation in cultivation and extraction techniques to meet the growing demand for Pharmaceutical Cannabis products.
Local special circumstances: Lesotho's conducive climate and fertile soil make it an ideal location for cultivating Cannabis for pharmaceutical purposes. The country's progressive regulations around Cannabis cultivation and export have also attracted international investors looking to capitalize on the growing global demand for Pharmaceutical Cannabis.
Underlying macroeconomic factors: The Pharmaceutical Cannabis market in Lesotho is also influenced by broader macroeconomic factors such as government policies and international trade agreements. As the government continues to support the development of the Pharmaceutical Cannabis industry through favorable regulations and incentives, the market is expected to experience further growth in the coming years. Additionally, Lesotho's strategic location within the Southern African region positions it as a key player in the export of Pharmaceutical Cannabis products to neighboring countries, further boosting the market's potential for expansion.
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)