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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

The Medical Marijuana Stores 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
$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 Investment Chapter

The Medical Marijuana Stores industry has a low level of capital intensity. IBISWorld estimates that for every $1.00 spent on labor in 2014, industry operators allocated just $0.10 toward the purchase of capital. This figure has remained relatively unchanged during the five years to 2014, a trend that is expected to hold during the next five years.

The provision of industry services is relatively low-tech. Because industry operators are involved in the retail business, they must invest in typical equipment such as computers and software, as well as registers, in order to sell cannabis. More specific to industry services, operators must invest in temperature and humidity control systems to ensure that they are able to maintain the quality of their stock... 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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