Health-related marijuana industry development with Oklahoma and Florida top

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When health-related marijuana is legally obtainable in 36 states and Washington DC, the fragmented nature of the market – every state creates its personal set of guidelines – implies every industry grows at a various price.

The new quarterly release of the Marijuana Small business Factbook presents updated profiles of every state industry, highlighting the development occurring in every.

An evaluation of state markets that release patient counts on at least a quarterly basis reveals numerous essential takeaways:

  • Oklahoma is the quickest-increasing health-related marijuana industry in the typical quantity of each day patient increases, and MMJ sufferers represent four.1% of the state’s total population – 1 of the highest prices in the nation. Development is bolstered by low barriers of entry, which includes the reality there’s no list of qualifying situations for sufferers.
  • Florida is the second-quickest-increasing industry in terms of sufferers joining the registry, with registered sufferers producing up 1.six% of the state’s total population. This leaves space for additional development, which may well take place from the current legalization of smokable flower and continued wide access to dispensaries.
  • In spite of obtaining operational markets for only a couple of months, Arkansas and Ohio have reached a statewide proportion of health-related marijuana sufferers on par with mature markets such as Illinois, New Jersey and New York.
  • Just after a robust 1st year of sales, Maryland’s health-related marijuana plan continues to develop, and regulators are evaluating a second round of company license applications for 10 processors and 4 cultivators to meet demand.
  • Arizona and New Mexico continue to post strong development and may well advantage from current developments in every state. New Mexico regulators expanded the state’s list of qualifying situations for sufferers, are rising the quantity of plants permitted to be grown by the state’s 35 vertically integrated operators and may well be forced to let for out-of-state reciprocity. Arizona regulators extended the life of health-related marijuana cards from 1 year to two, and the state Supreme Court lately ruled that marijuana extracts are legal, ending almost a year of confusion more than the legality of sales of edibles, concentrates and other infused solutions.

For the most up-to-date info about state markets and operational marijuana company information, verify out the latest edition of the Marijuana Small business Factbook.

Maggie Cowee can be reached at [email protected]

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