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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 Investment Chapter

The Medical Marijuana Growing industry has a low level of capital intensity. The majority of industry revenue is allocated in the form of wages toward labor costs due to the largely nonprofit nature of medical marijuana growing. Operators spend an average $0.04 on capital for every dollar spent on labor, though the level of capital expenditures varies between outdoor and indoor growers. Outdoor growers follow standard cultivation techniques that other farmers use, which require low capital expenditure. By contrast, indoor growers require a slightly higher level of capital expenditures, which are typically spent on hydroponic techniques, lighting and humidity controls... 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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