Global Cannabis Retail POS Software Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global Cannabis Retail POS Software market:
The latest research study on the global Cannabis Retail POS Software market finds that the global Cannabis Retail POS Software market reached a value of USD 320.5 million in 2022. It’s expected that the market will achieve USD 624.36 million by 2028, exhibiting a CAGR of 11.76% during the forecast period.

Cannabis retail POS provides dispensaries and other cannabis retailers with the means to sell their products and remain compliant with federal and state regulations. These products contain many of the same features as retail POS software, but with added functionality designed specifically for the cannabis industry. Using cannabis retail POS software, dispensaries can collect a payment, track inventory, and maintain accurate tax records. These tools are typically used by employees, managers, and owners to complete each transaction and to perform back-office tasks. Cannabis retail POS solutions may be used in conjunction with a retail management system or accounting software to help manage the entire retail business.

Market Constraints and Challenges
One of the main obstacles facing cannabis-related companies and their investors is financial regulation. Even in countries where licensed cannabis is nominally legal, business owners and investors still face difficulties in obtaining financial and banking support. On the one hand, this is because the cannabis industry system is very complicated. For example, in the United States, cannabis is illegal under federal law, but more and more states have completely or partially eliminated criminal offenses. This creates difficulties for financial institutions to cooperate with companies in the cannabis industry. On the other hand, the legislation on banking and finance is not enough, so many cannabis companies that meet state regulations will not be able to accept credit cards, obtain loans, open deposit accounts, write checks, write wages, or pay taxes. This has brought trouble to all companies in the cannabis industry chain, including cannabis software companies.
In May 2019, Google announced that as part of its content policy adjustments, apps in the app store are prohibited from selling cannabis and related products (regardless of whether they operate legally). Apple also banned the download of cannabis-centric social networking applications in its App Store.
The possible risks may lead to restrictions on the promotion and use of cannabis sales software, and also threaten the normal operation of software companies.

Region Overview:
From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:
Green Bits is one of the major players operating in the Cannabis Retail POS Software market, holding a share of 42.67% in 2020.

Greenbits is a complete cannabis retail management platform. Founded in 2014, the company supports 22,000 users in 1,200 retail locations in 13 states.

Treez is an enterprise-grade, business management platform. Treez serve the vertical market from farmers to brands to retailers with their Point of Sale, Integrated Payments, Grow and Data software solutions.

Segmentation Overview:
Among different product types, Web Based segment is anticipated to contribute the largest market share in 2028.

Application Overview:
By application, the Large Enterprises segment occupied the biggest share from 2018 to 2022.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Cannabis Retail POS Software market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Cannabis Retail POS Software market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Cannabis Retail POS Software and its sub-markets in an intuitive way.

Key Companies in the global Cannabis Retail POS Software market covered in Chapter 3:
Proteus420
EntCart
BioTrackTHC
Cova Software
Dauntless
Treez
MJ Platform
IndicaOnline
Green Bits
Flowhub
Viridian Sciences

In Chapter 4 and Chapter 14.2, on the basis of types, the Cannabis Retail POS Software market from 2018 to 2029 is primarily split into:
Cloud Based
Web Based

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Cannabis Retail POS Software market from 2018 to 2029 covers:
Large Enterprises
SMEs

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Cannabis Retail POS Software market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029

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