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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

The Medical Marijuana Growing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 Analysis Chapter

The Medical Marijuana Growing industry has flourished over the five years to 2014, 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 23.1% in 2014... 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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