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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 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
$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 - Industry Key Buyers Chapter

The Medical Marijuana Stores industry has a low level of market share concentration. IBISWorld estimates that in 2014, the four largest firms are expected to account for less than 10.0% of industry revenue. By law, in the majority of states where medical marijuana is legal, industry operators must be a part of nonprofit marijuana collectives (also known as dispensaries) to sell marijuana. Additionally, because the sale of marijuana for recreational use is still prohibited in all states except Colorado and Washington, the ability of individual operators to expand on a for-profit basis is limited... 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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