| Product Code: ETC12666421 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Latvia`s medical cannabis import shipments show diversification with top exporters including Ukraine, Russia, Poland, Egypt, and Albania. The market has transitioned from high to moderate concentration, indicating increased competition. However, the industry experienced a decline with a negative CAGR of -7.86% from 2020 to 2024 and a growth rate of -16.71% from 2023 to 2024. This suggests a challenging landscape for medical cannabis imports in Latvia, highlighting the need for strategic adjustments and market analysis to navigate the changing dynamics.

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 Medical Cannabis Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Medical Cannabis Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Medical Cannabis Market - Industry Life Cycle |
3.4 Latvia Medical Cannabis Market - Porter's Five Forces |
3.5 Latvia Medical Cannabis Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Medical Cannabis Market Revenues & Volume Share, By Application Area, 2021 & 2031F |
3.7 Latvia Medical Cannabis Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Latvia Medical Cannabis Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Medical Cannabis Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing acceptance and legalization of medical cannabis in Latvia |
4.2.2 Growing awareness about the medical benefits of cannabis for various health conditions |
4.2.3 Rise in demand for alternative medicinal products |
4.3 Market Restraints |
4.3.1 Stringent regulations and bureaucratic hurdles in the medical cannabis market |
4.3.2 Limited availability of medical cannabis products and distribution channels in Latvia |
5 Latvia Medical Cannabis Market Trends |
6 Latvia Medical Cannabis Market, By Types |
6.1 Latvia Medical Cannabis Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Medical Cannabis Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Latvia Medical Cannabis Market Revenues & Volume, By Oils and Tinctures, 2021 - 2031F |
6.1.4 Latvia Medical Cannabis Market Revenues & Volume, By Edibles, 2021 - 2031F |
6.1.5 Latvia Medical Cannabis Market Revenues & Volume, By Topicals, 2021 - 2031F |
6.2 Latvia Medical Cannabis Market, By Application Area |
6.2.1 Overview and Analysis |
6.2.2 Latvia Medical Cannabis Market Revenues & Volume, By Pain Management, 2021 - 2031F |
6.2.3 Latvia Medical Cannabis Market Revenues & Volume, By Neurological Disorders, 2021 - 2031F |
6.2.4 Latvia Medical Cannabis Market Revenues & Volume, By Mental Health Disorders, 2021 - 2031F |
6.3 Latvia Medical Cannabis Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Medical Cannabis Market Revenues & Volume, By Patients with Chronic Conditions, 2021 - 2031F |
6.3.3 Latvia Medical Cannabis Market Revenues & Volume, By Cancer Patients, 2021 - 2031F |
6.3.4 Latvia Medical Cannabis Market Revenues & Volume, By Individuals with Anxiety, 2021 - 2031F |
6.4 Latvia Medical Cannabis Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Latvia Medical Cannabis Market Revenues & Volume, By Dispensaries, 2021 - 2031F |
6.4.3 Latvia Medical Cannabis Market Revenues & Volume, By Online Platforms, 2021 - 2031F |
6.4.4 Latvia Medical Cannabis Market Revenues & Volume, By Pharmacies, 2021 - 2031F |
7 Latvia Medical Cannabis Market Import-Export Trade Statistics |
7.1 Latvia Medical Cannabis Market Export to Major Countries |
7.2 Latvia Medical Cannabis Market Imports from Major Countries |
8 Latvia Medical Cannabis Market Key Performance Indicators |
8.1 Number of licensed medical cannabis producers in Latvia |
8.2 Patient enrollment in the medical cannabis program |
8.3 Research and development investment in medical cannabis technologies and products |
9 Latvia Medical Cannabis Market - Opportunity Assessment |
9.1 Latvia Medical Cannabis Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Medical Cannabis Market Opportunity Assessment, By Application Area, 2021 & 2031F |
9.3 Latvia Medical Cannabis Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Latvia Medical Cannabis Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Medical Cannabis Market - Competitive Landscape |
10.1 Latvia Medical Cannabis Market Revenue Share, By Companies, 2024 |
10.2 Latvia Medical Cannabis Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |