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Medical Marijuana Growing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Medical Marijuana Growing Market Research Report | Life Sciences | Prescription Drugs | May 2014

New highs: An aging population and loosening regulation will boost grower revenue

IBISWorld’s Medical Marijuana Growing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 09-14
16.2%
Annual Growth 14-19
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Profit
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Employment
1,654,741
Businesses
1,423,077
Industry Analysis & Industry Trends

Over the five years to 2014, the Medical Marijuana Growing industry has experienced a surge in industry revenue thanks to favorable legislation toward growing and distributing cannabis for medical purposes. Furthermore, consumer trends toward legitimizing the use alternative medical treatments such as cannabis has also boosted demand for industry products. While regulation for the industry remains vague and often contentious, growing demand for the industry's products is expected to continue over the five years to 2019.... purchase to read more

Industry Report - Starting a New Business Chapter

Prospective medical marijuana growers face minimal barriers to entry in terms of capital costs. However, the classification of marijuana as a Schedule I controlled substance and the possibility of federal prosecution contribute to medium barriers to entry. Over the past five years, a large number of firms entered this industry due to favorable policy stances from the Obama administration. However, in 2011, the Drug Enforcement Agency (DEA) stepped up raids on marijuana dispensaries, which made prospective operators more hesitant to enter this industry.

State regulations have mixed effects. In general, increased state regulation has benefited industry operators by legalizing medical marijuana or providing more concrete regulation on marijuana growing... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Medical Marijuana Growing Industry?

This industry’s establishments grow marijuana for medical use. Most operators are nonprofit collectives that provide medical marijuana to other collective members. Transactions are typically conducted on a donation basis because the sale and distribution of marijuana is illegal in most states that permit medical marijuana.

Industry Products
Indica marijuana productsSativa marijuana products
 
Industry Activities
Growing marijuana for medical use


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