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Medical Marijuana Dominating the Industry
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Medical Marijuana Markets Projected to Reach $11 Billion by 2020
December 11, 2016

Based on new research by New Frontier Data and Arcview Market Research, by 2020 the U.S. medical cannabis market is projected to reach approximately $11 billion in annual sales. At that point, the two largest medical markets will be in California ($3.3 billion) and Florida ($1.6 billion), which combined will account for nearly half of the entire U.S. medical market.

Other major markets which are each projected to total just under $1 billion by 2020 include Michigan, Ohio, and Pennsylvania. Three of the five largest markets - Florida, Ohio, and Pennsylvania - legalized medical cannabis in 2016.

New Frontier Data, in partnership with Arcview Market Research, has released the 2016 Florida Legal Cannabis Market State Profile and the 2016 Arizona Legal Cannabis Market State Profile, revealing the potential growth of the legal cannabis market in Florida and Arizona after the historical Election Night.
This report looks at:
  • National and State Market Projections through 2020
  • The development of advanced delivery services to increase access to products for elderly patients
  • The potential for a restrictive market due to action by the legislature and the DOH
  • Potential barriers to physician certification and participation
This report looks at:
  • National and State Market Projections through 2020 
  • The impact of Arizona’s hot climate on medical marijuana cultivation
  • Growth in competition in the medical market
  • Market Consolidation
  • Cannabis diversion into Arizona
  • Big Pharma involvement
Get the reports NOW!

Join us for our 2016 Year End Review with New Frontier Data and our esteemed panel of industry experts as they discuss 2016 as a transformational year for the cannabis industry and trends and projections for the years ahead.
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