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 - Industry Locations Chapter
Establishments in the Medical Marijuana Stores industry are limited by the legality of medical and recreational marijuana in individual states. Only 22 states and the District of Columbia have laws permitting the use of medical marijuana, and only Colorado and Washington allow the use of the recreational cannabis. Moreover, the nature of medical marijuana laws differs from state to state. Seven of the 22 states where medicinal cannabis is legal do not have any dispensaries, and eight of the 22 states have five or fewer dispensaries.
The Medical Marijuana Stores industry is highly concentrated in the West and Rocky Mountains, where there has been extensive marijuana legislation during the past two decades... purchase to read more