Cannabis - Slovenia

Slovenia

Slovenia is expected to see a revenue of US$49.02m in the Cannabis market by 2024.
The market is projected to grow annually by 3.79% from 2024 to 2029, reaching a volume of US$59.03m by the end of the period.
When compared globally, the United States is forecasted to generate the highest revenue of US$42.98bn in 2024.
In terms of per person revenues, in Slovenia is expected to generate US$0.17k in 2024 based on total population figures.
Slovenia's cannabis market is budding with increased interest from investors eyeing potential growth in the country's evolving regulatory landscape.

Key regions: United States, Canada, Netherlands, Germany, Thailand

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Analyst Opinion

The Cannabis market in Slovenia has been experiencing significant growth and development in recent years.

Customer preferences: Customers in Slovenia are showing a growing interest in cannabis products for both medicinal and recreational purposes. The increasing awareness about the potential health benefits of cannabis, coupled with changing attitudes towards its consumption, has led to a rise in demand for a variety of cannabis products in the country.

Trends in the market: One notable trend in the Slovenian Cannabis market is the emergence of a diverse range of products to cater to different consumer preferences. From CBD oils and edibles to topical creams and vape pens, manufacturers and retailers are constantly innovating to meet the evolving needs of customers. Additionally, there is a noticeable shift towards organic and locally sourced cannabis products, reflecting a broader global trend towards sustainability and natural ingredients.

Local special circumstances: Slovenia's unique geographical location and climate present special circumstances that can impact the Cannabis market in the country. The favorable growing conditions in certain regions of Slovenia have encouraged local cultivation of cannabis, leading to the production of high-quality strains that are increasingly sought after by domestic consumers. Moreover, the country's relatively small size and close-knit community have fostered a sense of trust and transparency between producers and consumers, contributing to the overall growth of the market.

Underlying macroeconomic factors: The growing Cannabis market in Slovenia is also influenced by broader macroeconomic factors, such as changing regulatory frameworks and increasing disposable income among consumers. The legalization of medical cannabis in the country has opened up new opportunities for businesses and investors, driving further expansion of the market. Additionally, as the overall economy continues to grow, more individuals are willing to spend on cannabis products, further fueling the market's development.

Methodology

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.