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Medical & Recreational Marijuana Stores - Industry Market Research Report

  • September 2016
  • 34 pages
  • Ibisworld
Report ID: 2253108

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Half-baked: Conflicting regulations add uncertainty to industry's recent sky-high growth



Abstract

Medical & Recreational Marijuana Stores

The Medical and Recreational Marijuana Stores industry has experienced exponential growth over the past five years, thanks to the increasing acceptance of medical marijuana and the introduction of legal recreational cannabis sales in Colorado and Washington state. Nevertheless, marijuana's continued classification as an illicit substance under federal law has contributed to significant uncertainty for industry operators. Still, demographic factors that have led to a rise in chronic illness will continue to drive demand for medical cannabis, as will the expected relaxation of regulations across several additional states. 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 marijuana.

This industry includes stores that retail medical marijuana (by prescription only) and recreational marijuana. However, the legal sale of recreational marijuana is currently limited to the states of Colorado and Washington.

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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