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
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 regulations have mixed effects... purchase to read more