Medical marijuana will become a $1.7 billion market in 2011, according to a new report released today by See Change Strategy LLC, an independent financial analysis firm that specializes in new and unique markets.
The report draws on more than 300 survey responses and dozens of interviews with market participants.
Nearly 25 million people are eligible to receive a recommendation and purchase marijuana legally under state laws, the report said, and about 730,000 people do.
Medical marijuana markets exist in seven states including Colorado and will open this year in five more.
Current marijuana markets will double in the next five years, the report said. The two major drivers of growth will be a rise in the number of legal patients and states will adopt regulation and license processes that facilitate the sale of medical marijuana.
via : Denver Post
You must be logged in to post a comment.