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Medical & Recreational Marijuana Growing - Industry Market Research Report

  • September 2016
  • 34 pages
  • Ibisworld
Report ID: 1156715

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New highs: Growing acceptance of medical and recreational marijuana fuels industry expansion



Abstract

Medical & Recreational Marijuana Growing

Over the five years to 2016, the Medical and Recreational Marijuana Growing industry has experienced a surge in industry revenue thanks to favorable legislation toward growing and distributing cannabis for medical purposes. Furthermore, consumer trends toward legitimizing the use of alternative medical treatments such as cannabis have also boosted demand for industry products. Furthermore, the industry is expected to be boosted by a number of states legalizing recreational use of marijuana. While regulation for the industry remains vague and often contentious due to the federal government's standards on controlled substances, growing demand for the industry's products is expected to continue over the five years to 2021.

This industry’s establishments grow marijuana for medical and recreational use. Most operators are nonprofit collectives that provide medical marijuana to other collective members. Transactions are typically conducted on a donation basis because the sale and distribution of marijuana is illegal in most states that permit medical marijuana. The industry also includes operators in Colorado and Washington, who grow medical and recreational marijuana on a for-profit basis.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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