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