| Product Code: ETC7906812 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The cannabis import market in Latvia saw a shift in concentration from high to moderate in 2024, with top exporters being Ukraine, Russia, Poland, Egypt, and Albania. Despite a negative Compound Annual Growth Rate (CAGR) of -7.86% from 2020 to 2024 and a further decline in growth rate of -16.71% from 2023 to 2024, the market continues to attract imports from various countries. This changing landscape suggests evolving dynamics within the industry and may present new opportunities for market players to explore 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 Latvia Cannabis Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Cannabis Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Cannabis Market - Industry Life Cycle |
3.4 Latvia Cannabis Market - Porter's Five Forces |
3.5 Latvia Cannabis Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Cannabis Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Cannabis Market Revenues & Volume Share, By Compound Type, 2021 & 2031F |
4 Latvia Cannabis Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing acceptance of medical cannabis for various health conditions |
4.2.2 Growing trend towards legalization of cannabis for recreational use |
4.2.3 Rising awareness about the potential benefits of cannabis products |
4.3 Market Restraints |
4.3.1 Strict regulatory environment and licensing requirements |
4.3.2 Limited access to banking services for cannabis businesses |
4.3.3 Concerns about potential misuse and abuse of cannabis products |
5 Latvia Cannabis Market Trends |
6 Latvia Cannabis Market, By Types |
6.1 Latvia Cannabis Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Cannabis Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Latvia Cannabis Market Revenues & Volume, By Capsules, 2021- 2031F |
6.1.4 Latvia Cannabis Market Revenues & Volume, By Concentrates, 2021- 2031F |
6.1.5 Latvia Cannabis Market Revenues & Volume, By Edibles, 2021- 2031F |
6.1.6 Latvia Cannabis Market Revenues & Volume, By Other Product Types, 2021- 2031F |
6.2 Latvia Cannabis Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Cannabis Market Revenues & Volume, By Medical, 2021- 2031F |
6.2.3 Latvia Cannabis Market Revenues & Volume, By Recreational, 2021- 2031F |
6.3 Latvia Cannabis Market, By Compound Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Cannabis Market Revenues & Volume, By Tetrahydrocannabinol (THC), 2021- 2031F |
6.3.3 Latvia Cannabis Market Revenues & Volume, By Cannabidiol (CBD), 2021- 2031F |
6.3.4 Latvia Cannabis Market Revenues & Volume, By Balanced THC & CBD, 2021- 2031F |
7 Latvia Cannabis Market Import-Export Trade Statistics |
7.1 Latvia Cannabis Market Export to Major Countries |
7.2 Latvia Cannabis Market Imports from Major Countries |
8 Latvia Cannabis Market Key Performance Indicators |
8.1 Number of medical professionals prescribing cannabis products |
8.2 Percentage of the population supporting legalization of cannabis |
8.3 Research and development investments in cannabis technology and products |
9 Latvia Cannabis Market - Opportunity Assessment |
9.1 Latvia Cannabis Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Cannabis Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Cannabis Market Opportunity Assessment, By Compound Type, 2021 & 2031F |
10 Latvia Cannabis Market - Competitive Landscape |
10.1 Latvia Cannabis Market Revenue Share, By Companies, 2024 |
10.2 Latvia Cannabis Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |