Marijuana Stores

Marijuana Stores

Brief Excerpt from Industry Overview Chapter:

Companies in this industry retail cannabis products for medical and recreational use. The industry includes medical marijuana dispensaries and stores that sell marijuana for recreational use. No major companies dominate the industry.

COMPETITIVE LANDSCAPE

Demand is driven by demographics, public awareness of the marijuana plant's medicinal properties, and the desire for natural health treatments. Following decades of prohibition in the US, marijuana has gained greater public acceptance. Baby boomers with health conditions are driving medical marijuana sales, while recreational users include younger generations seeking a substitute to alcohol or other euphoric substances. Marijuana faces ongoing opposition due to health and addiction concerns, and the pros and cons of marijuana use remain widely debated.

PRODUCTS, OPERATIONS & TECHNOLOGY

Products include different grades of dried plants and a variety of edibles, beverages, oils, tinctures, sublingual sprays, and topical products, as well as smoking or vaporization paraphernalia. Companies in this cash industry buy from marijuana growers and wholesalers, edible product manufacturers, and providers of real estate, security systems, and other support services. Marijuana products, which are included in tobacco products and smoking products, accounted for about 15% of industry revenues.