| Product Code: ETC8620611 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Nigeria`s cannabis vertical import shipments continued to see high concentration, with top exporters being Vietnam, China, India, Mexico, and the UK. The market experienced a significant decline with a negative CAGR of -42.31% from 2020 to 2024. Furthermore, there was a notable decrease in growth rate from 2023 to 2024, dropping by -60.5%. Despite the challenging market conditions, these top exporting countries play a crucial role in supplying cannabis products to Nigeria, indicating ongoing interest and potential for future developments in the industry.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Cannabis Vertical Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Cannabis Vertical Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Cannabis Vertical Market - Industry Life Cycle |
3.4 Nigeria Cannabis Vertical Market - Porter's Five Forces |
3.5 Nigeria Cannabis Vertical Market Revenues & Volume Share, By Structure, 2021 & 2031F |
3.6 Nigeria Cannabis Vertical Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 Nigeria Cannabis Vertical Market Revenues & Volume Share, By Growing Mechanism, 2021 & 2031F |
3.8 Nigeria Cannabis Vertical Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Cannabis Vertical Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing acceptance of cannabis for medical and therapeutic purposes in Nigeria |
4.2.2 Growing awareness about the economic potential of the cannabis industry in Nigeria |
4.2.3 Favorable government regulations or policies supporting the cultivation and sale of cannabis in Nigeria |
4.3 Market Restraints |
4.3.1 Regulatory uncertainties and evolving legal framework surrounding cannabis in Nigeria |
4.3.2 Social stigma and cultural resistance towards cannabis consumption in Nigeria |
4.3.3 Lack of established infrastructure and supply chain for the cannabis industry in Nigeria |
5 Nigeria Cannabis Vertical Market Trends |
6 Nigeria Cannabis Vertical Market, By Types |
6.1 Nigeria Cannabis Vertical Market, By Structure |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Cannabis Vertical Market Revenues & Volume, By Structure, 2021- 2031F |
6.1.3 Nigeria Cannabis Vertical Market Revenues & Volume, By Building-based, 2021- 2031F |
6.1.4 Nigeria Cannabis Vertical Market Revenues & Volume, By Shipping Container, 2021- 2031F |
6.2 Nigeria Cannabis Vertical Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Cannabis Vertical Market Revenues & Volume, By Hardware, 2021- 2031F |
6.2.3 Nigeria Cannabis Vertical Market Revenues & Volume, By Software, 2021- 2031F |
6.2.4 Nigeria Cannabis Vertical Market Revenues & Volume, By Services, 2021- 2031F |
6.3 Nigeria Cannabis Vertical Market, By Growing Mechanism |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Cannabis Vertical Market Revenues & Volume, By Hydroponics, 2021- 2031F |
6.3.3 Nigeria Cannabis Vertical Market Revenues & Volume, By Aeroponics, 2021- 2031F |
6.3.4 Nigeria Cannabis Vertical Market Revenues & Volume, By Aquaponics, 2021- 2031F |
6.4 Nigeria Cannabis Vertical Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Nigeria Cannabis Vertical Market Revenues & Volume, By Medical Cannabis, 2021- 2031F |
6.4.3 Nigeria Cannabis Vertical Market Revenues & Volume, By Recreational Cannabis, 2021- 2031F |
6.4.4 Nigeria Cannabis Vertical Market Revenues & Volume, By Research and Development, 2021- 2031F |
7 Nigeria Cannabis Vertical Market Import-Export Trade Statistics |
7.1 Nigeria Cannabis Vertical Market Export to Major Countries |
7.2 Nigeria Cannabis Vertical Market Imports from Major Countries |
8 Nigeria Cannabis Vertical Market Key Performance Indicators |
8.1 Number of licenses issued for cannabis cultivation and distribution in Nigeria |
8.2 Growth in the number of medical professionals prescribing cannabis-based products in Nigeria |
8.3 Investment inflow into the Nigerian cannabis industry for research and development |
8.4 Percentage of the population supporting the legalization of cannabis for medical purposes in Nigeria |
8.5 Expansion of retail outlets selling cannabis products in Nigeria |
9 Nigeria Cannabis Vertical Market - Opportunity Assessment |
9.1 Nigeria Cannabis Vertical Market Opportunity Assessment, By Structure, 2021 & 2031F |
9.2 Nigeria Cannabis Vertical Market Opportunity Assessment, By Component, 2021 & 2031F |
9.3 Nigeria Cannabis Vertical Market Opportunity Assessment, By Growing Mechanism, 2021 & 2031F |
9.4 Nigeria Cannabis Vertical Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Cannabis Vertical Market - Competitive Landscape |
10.1 Nigeria Cannabis Vertical Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Cannabis Vertical Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |