Industry Analysis & Industry Trends
For decades, all marijuana transactions in the United States were conducted under implicit or explicit prohibition. States have increasingly moved to legalize marijuana for medical purposes, though, as well as to implement regulations for organizations that produce and distribute cannabis. The growing acceptance of medical marijuana is providing operators and investors with unprecedented opportunities. Furthermore, the federal government has signaled its tacit acceptance of these state actions. Consequently, the Medical Marijuana Growing industry is expected to experience annualized revenue growth of 13.8% to $1.7 billion in the five years to 2013.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Medical Marijuana Growing industry is in a growing life cycle stage. Over the 10 years to 2018, its industry value added (IVA), which measures the industry's contribution to the economy, is expected to grow at an annualized rate of 18.5%. This rate is faster than the 2.1% projected growth for US GDP, indicating the industry will make up a larger share of the economy in the years ahead. The industry is growing due to widening acceptance of its safety and legitimacy, which is causing more people to use its products. Although an increasing percentage of Americans have been using medical marijuana products to alleviate pain and to treat other health conditions during the past five years, a large share of the population still does not use them... purchase to read more