| Product Code: ETC7366071 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Grenada`s cannabis vertical import market experienced exponential growth in 2024, with a remarkable CAGR of 70.67% from 2020 to 2024. The top exporting countries to Grenada in 2024 were the USA, UK, Trinidad and Tobago, China, and India, indicating a diverse global supply chain. Despite the influx of imports, market concentration, as measured by the HHI, remained very high. The impressive growth rate of 100.1% from 2023 to 2024 underscores the increasing demand for cannabis products in Grenada and the potential for further market expansion in the coming years.
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 Grenada Cannabis Vertical Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Cannabis Vertical Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Cannabis Vertical Market - Industry Life Cycle |
3.4 Grenada Cannabis Vertical Market - Porter's Five Forces |
3.5 Grenada Cannabis Vertical Market Revenues & Volume Share, By Structure, 2021 & 2031F |
3.6 Grenada Cannabis Vertical Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 Grenada Cannabis Vertical Market Revenues & Volume Share, By Growing Mechanism, 2021 & 2031F |
3.8 Grenada Cannabis Vertical Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Cannabis Vertical Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing legalization of cannabis for medical and recreational use in various countries |
4.2.2 Growing acceptance of cannabis as a mainstream product for health and wellness |
4.2.3 Rising demand for alternative medicine and natural remedies |
4.3 Market Restraints |
4.3.1 Stringent regulations and compliance requirements in the cannabis industry |
4.3.2 Lack of standardized quality control and testing procedures |
4.3.3 Limited access to banking and financial services for cannabis businesses |
5 Grenada Cannabis Vertical Market Trends |
6 Grenada Cannabis Vertical Market, By Types |
6.1 Grenada Cannabis Vertical Market, By Structure |
6.1.1 Overview and Analysis |
6.1.2 Grenada Cannabis Vertical Market Revenues & Volume, By Structure, 2021- 2031F |
6.1.3 Grenada Cannabis Vertical Market Revenues & Volume, By Building-based, 2021- 2031F |
6.1.4 Grenada Cannabis Vertical Market Revenues & Volume, By Shipping Container, 2021- 2031F |
6.2 Grenada Cannabis Vertical Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 Grenada Cannabis Vertical Market Revenues & Volume, By Hardware, 2021- 2031F |
6.2.3 Grenada Cannabis Vertical Market Revenues & Volume, By Software, 2021- 2031F |
6.2.4 Grenada Cannabis Vertical Market Revenues & Volume, By Services, 2021- 2031F |
6.3 Grenada Cannabis Vertical Market, By Growing Mechanism |
6.3.1 Overview and Analysis |
6.3.2 Grenada Cannabis Vertical Market Revenues & Volume, By Hydroponics, 2021- 2031F |
6.3.3 Grenada Cannabis Vertical Market Revenues & Volume, By Aeroponics, 2021- 2031F |
6.3.4 Grenada Cannabis Vertical Market Revenues & Volume, By Aquaponics, 2021- 2031F |
6.4 Grenada Cannabis Vertical Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Grenada Cannabis Vertical Market Revenues & Volume, By Medical Cannabis, 2021- 2031F |
6.4.3 Grenada Cannabis Vertical Market Revenues & Volume, By Recreational Cannabis, 2021- 2031F |
6.4.4 Grenada Cannabis Vertical Market Revenues & Volume, By Research and Development, 2021- 2031F |
7 Grenada Cannabis Vertical Market Import-Export Trade Statistics |
7.1 Grenada Cannabis Vertical Market Export to Major Countries |
7.2 Grenada Cannabis Vertical Market Imports from Major Countries |
8 Grenada Cannabis Vertical Market Key Performance Indicators |
8.1 Percentage of population using cannabis for medical purposes |
8.2 Number of clinical trials studying the efficacy of cannabis-based treatments |
8.3 Investment in research and development for innovative cannabis products |
8.4 Number of partnerships and collaborations within the cannabis industry |
8.5 Percentage of pharmacies and healthcare providers offering cannabis-based products |
9 Grenada Cannabis Vertical Market - Opportunity Assessment |
9.1 Grenada Cannabis Vertical Market Opportunity Assessment, By Structure, 2021 & 2031F |
9.2 Grenada Cannabis Vertical Market Opportunity Assessment, By Component, 2021 & 2031F |
9.3 Grenada Cannabis Vertical Market Opportunity Assessment, By Growing Mechanism, 2021 & 2031F |
9.4 Grenada Cannabis Vertical Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Cannabis Vertical Market - Competitive Landscape |
10.1 Grenada Cannabis Vertical Market Revenue Share, By Companies, 2024 |
10.2 Grenada Cannabis Vertical Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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