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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 - Industry SWOT Analysis Chapter

The Medical Marijuana Growing industry is in a growing life cycle stage. Over the 10 years to 2019, its industry value added, which measures the industry's contribution to the economy, is expected to grow at an annualized rate of 19.1%. This rate is faster than the 2.7% 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

 


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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