Medical & Recreational Marijuana Growing
Over the five years to 2017, the Medical and Recreational Marijuana Growing industry has experienced a surge in industry revenue thanks to favorable legislation regarding the growing and distributing of cannabis for medical purposes. Furthermore, the industry has been boosted by several states legalizing recreational use of marijuana. Though industry regulation is not consistent nationwide, and often contentious due to the federal government's classification of marijuana as a Schedule I controlled substance, regulations are expected to become increasingly liberal over the five years to 2022. This growth is expected to be further boosted by anticipated rises in disposable income levels, as well as a growing baby boomer population, a major market for medicinal industry products.
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.