A common topic of controversy is that of the legalization of marijuana. Many argue for its benefits for medicinal use. More than that, the legal marijuana industry has become big business.
Currently, 23 states plus the District of Columbia, allow the medical use of marijuana or cannabis.
Statistics show that 76% of doctors approve of marijuana for medical use.
A total of 92% of patients claim to have benefited from medical marijuana.
In California alone, 5% of adults said that they have used cannabis to treat a serious medical condition, such as chronic pain, cancer, arthritis, among other conditions.
Are you interested in how to start a medical marijuana business? Are you considering how to invest in the cannabis industry? If so, you need to consult a marijuana consulting company.
The profit of retail sales in the United States from full legalization in all 50 states is close to $37 billion. The cannabis industry has seen an increase of 1,262% over the total sales of the previous year, both wholesale and retail.
There are some estimates that show the global market for hemp involves more than 25,000 products, including paper, personal care, textiles, agriculture, and more.
Currently, 17 million people live in states where recreational marijuana has been legalized. It is projected that this number will increase to 86 million by 2017, over 25% of the total population of the United States.
One research company, The ArcView Group, say that the market for cannabis has grown 74% over the previous year of $1.5 billion.
Within the next 5 years the revenue for legal cannabis is expected to eclipse the film industry, organic foods, and will more than triple the NFL’s net profits.
It is clear that now is the time for starting a medical marijuana business or investing in one. Now is the time to talk with a marijuana consulting company.
A marijuana consulting company can assist you with starting a marijuana cultivation business plan. They will help you with cannabis business development, as well as helping you traverse the necessary cannabis business license regulations.
A marijuana consulting company can give you the much needed guidance and assistance as you start a new venture in the cannabis cultivation industry. This is a great source for more.
