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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 | Mar 2013

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 08-13
13.8%
Annual Growth 13-18
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Profit
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Employment
1,365,481
Businesses
1,160,785
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 Analysis Chapter

The Medical Marijuana Growing industry has flourished over the five years to 2013, bolstered by increasing consumer acceptance of alternative treatment via marijuana products. Marijuana, which is a dry, shredded mix of flowers, seeds, stems and leaves of either the Cannabis sativa or Cannabis indica plant, can be used as a medical treatment. Since 1996, proponents of cannabis have pushed for individual states to recognize marijuana as a treatment or pain-reliever for a range of illnesses. New medical research and changing public opinion have advanced these efforts and will contribute to anticipated revenue growth of 22.8% in 2013... 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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