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Medical Marijuana Stores in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Medical Marijuana Stores Market Research Report | Life Sciences | Healthcare Services | Jun 2014

Lit up: The industry will benefit from favorable regulation and changing consumer preferences

IBISWorld’s Medical Marijuana Stores 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
$3bn
Annual Growth 09-14
20.5%
Annual Growth 14-19
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Profit
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Employment
31,089
Businesses
3,468
Industry Analysis & Industry Trends

The Medical Marijuana Stores industry has experienced exponential growth over the past five years, thanks to favorable state legislation legalizing the use and sale of cannabis products, coupled with an increasing acceptance and legitimacy toward applying these products for medical use. Nevertheless, the industry has also been hampered by the federal classification of marijuana as an illegal substance and the subsequent regulations that apply to such substances. Over the next five years, industry revenue will continue to increase; however, the industry will remain at risk until the federal government definitively alters its position on the legality of medical marijuana.... purchase to read more

Industry Report - Starting a New Business Chapter

Federal regulation

Prospective medical marijuana store operators must navigate a variety of legal issues before beginning operation. The classification of marijuana as a Schedule I controlled substance and the possibility of federal prosecution poses a significant barrier to entry, as the Drug Enforcement Agency (DEA) has the requisite power to close dispensaries and seize their cannabis products. Recent favorable policy stances from the federal government on this matter caused a large number of firms to enter the industry over the current period. However, in 2011, the DEA stepped up raids on marijuana dispensaries, making prospective operators more hesitant to enter this industry.

State regulation

State regulations have mixed effects... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Medical Marijuana Stores Industry?

Stores in this industry primarily retail medical marijuana (by prescription only).

Industry Products
Edible cannabis productsSmokable indica cannabis productsSmokable sativa cannabis products
 
Industry Activities
Retail edible cannabis productsRetail smokable indica cannabis productsRetail smokable sativa cannabis products


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