Medical & Recreational Marijuana Stores
The Medical and Recreational Marijuana Stores industry, which includes stores that retail medical marijuana (by prescription only) and recreational marijuana, expanded dramatically over the five years to 2018. The 2016 and 2018 election cycles, in particular, provided a boon for both medical and recreational cannabis retailers. Consequently, legalization of marijuana for medical and/or recreational purposes and the growing acceptance of medical marijuana provided operators and investors with unprecedented opportunities. There has been no shortage of demand in recent years, and the cannabis industry has become one of the fastest-growing in the United States. Over the five years to 2023, industry revenue is projected to continue its rapid rise. The industry will remain at risk, however, until the federal government definitively changes its position on the legality of marijuana. Until then, a growing number of medical marijuana patients and a burgeoning recreational cannabis legalization movement will spur demand for the industry.
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 Alaska, California, Colorado, Maine, Massachusetts, Nevada, Oregon, Washington, Michigan and Vermont.
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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