Industry Background:
Cannabis refers to a group of three plants known as marijuana, Indian hemp, and Cannabis ruderalis, all of which have psychoactive properties. When the blossoms of those plants are plucked and dried, you have one of the most widely used medications on the planet. Some people call it weed, some call it pot, and still, others call it marijuana. Names for marijuana are changing as it becomes legal in more places. Cannabis industry software allows firms to manage and track their inventory from seed to sale. Some seed-to-sale software is used to run an entire business, while others are used to track inventory throughout its lifecycle for legal compliance. The marijuana software A number of the primary drivers driving the expansion of the cannabis industry software market include tracking the lifespan of cannabis goods from planting to final sale and providing solutions to ensure legal compliance across production.This growth is primarily driven by The management of a cannabis business’ supply chain and distribution and The increasing popularity of Cannabis Seed to Sale Software.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies in Study | Akerna Corp (Canada), Canix (United States), Distru (United States), Flourish Software (United States), Flowhub (United States), Greenbits Inc. (United States), Helix BioTrack (United States), MJ Freeway (United States), Retail Innovation Labs LLC (Cova Software) (United States) and SYSPRO (South Africa) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Globally, a noticeable market trend is evident The increasing government initiatives Regarding cannabis
. The Internet Software & Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Akerna Corp (Canada), Canix (United States), Distru (United States), Flourish Software (United States), Flowhub (United States), Greenbits Inc. (United States), Helix BioTrack (United States), MJ Freeway (United States), Retail Innovation Labs LLC (Cova Software) (United States) and SYSPRO (South Africa) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 16th 2021, Flourish Software, a leading enterprise seed-to-sale tracking, and supply chain management software solution built for regulated cannabis, CBD, and hemp cultivators, manufacturers, distributors, and retailers, is pleased to announce it has now received its System and Organization Controls for Services Organizations Type II (SOC 2 Type II) report following an independent audit conducted by Aprio, a licensed public accounting firm and certified specialist in SOC reporting.
On 8th July 2020, Akerna Corp. a leading provider of enterprise software solutions for the cannabis industry and developer of the cannabis industry's first seed-to-sale enterprise resource planning (ERP) software technology, is pleased to announce it has completed its acquisition of Ample Organics Inc., Canada's industry-leading seed-to-sale platform with a majority market share.
Market Drivers
- The management of a cannabis business’ supply chain and distribution
- The increasing popularity of Cannabis Seed to Sale Software
Market Trend
- The increasing government initiatives Regarding cannabis
- The Growing Cloud-based solutions
Restraints
- The technological complexities
Opportunities
The rising demand for the Technological advance Software and The high demand from developing Countries
Challenges
The regulations and policies
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Cannabis Industry Software Study Sheds Light on
The Cannabis Industry Software Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Cannabis Industry Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cannabis Industry Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.