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14 Telling Stats About the Cash in Cannabis

Medical marijuana consulting

There is no better measure of the growth and direction of the cannabis market in America today than the objective medical and economic statistics that can be measured as cannabis becomes more easily available across the nation.

Cannabis as a Medicine

  • 23 states and the District of Columbia currently allow medical marijuana,according to the National Congress of State Legislature.

  • 67% of doctors support medical marijuana use.

  • In New Mexico, nearly 30% of cannabis patients suffer from Post Traumatic Stress Disorder.

  • Studies suggest that as many as one in every five military personnel returning from Iraq and Afghanistan could suffer various forms of PTSD.

  • Currently only 6% of studies on cannabis analyze its medicinal properties, leaving vast potential for new applications.

  • Researchers tested lung function in 5,115 young adults over the full course of 20 years. Tobacco users lost lung function over time, while cannabis user’s function remained normal.

  • As of 2012, more than 20 cannabinoids were being studied by the Federal Drug Administration for medical use.

  • 92% of cannabis patients say it is an effective treatment for their illness.

    The Economics

  • In Colorado, the cannabis industry created an estimated 7,500 to 10,000 American jobs in 2014.

  • In five years, the cannabis market will be valued at an estimated $10.2 billion.

  • If cannabis was legalized nationally, the nation would rake in over $3 billion dollars in taxes.

  • 47% of Americans say they have tried cannabis.

  • 69% of Americans believe alcohol is more harmful than cannabis.

  • 52% of Americans think cannabis should be legal.

    Cannabis as an Opportunity

    The national opinion and the opinion of the youth voters continues to swing in favor of the legalization of cannabis nationwide. It appears that legalization may be inevitable as younger generations head to the polls.

    With a vast majority of medical professionals in favor of medical marijuana, there are becoming less and less hurdles preventing its expansion across the country.

    The cannabis business is growing rapidly. Investing in or starting a medical marijuana business is becoming easier and easier as more states push towards legalization.

    Medical marijuana operations have to meet stringent government standards. Cannabis consultants are highly trained service professionals. Cannabis consultants work closely with patients to meet varied individual needs.

    There are cannabis business resources available online. There is information on cannabis business development, cannabis consultants, licensing a marijuana business, medical marijuana cultivation, branding etc.

    There are more and more developments in the cannabis industry each day. Stay up to date on the news to remain informed on the changing landscape of cannabis in America today. As public perception is changing, law is changing, and as law is changing, cannabis is becoming a bigger and bigger business with a massive market and boundless potential.

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