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Medical Marijuana Sales Expected to be $1.5 Billion in 2013, Could Reach $6 Billion Annually by 2018

Today the medical cannabis trade magazine Medical Mar2222ijuana Business Daily published new research which shows that in 2013, there will be between $1.3 – $1.5 billion in state-authorized sales of marijuana to patients in the U.S.

A clear showing of how drastic the industry is growing, the group’s research finds that by next year, sales will likely double, and will be between $2.5 – $3 billion for the year. The industry is expected the grow consistently from then on: It’s predicted to be up to four times its current size by 2018, with a market size of $4.5 – $6 billion per year.

The market would of likely been much higher this year, if not for federal raids in 2012, which clearly the industry has had no problem recovering from.

The group used a wide variety of data, including state research projections, to come to their conclusions.

The report will be published in the Marijuana Business Factbook 2013, a 180-page industry report which ships on March 25th.

TheJointBlog

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About Anthony Martinelli

Anthony, co-founder and Editor-in-Chief of TheJointBlog, has worked closely with numerous elected officials who support cannabis law reform, including as the former Campaign Manager for Washington State Representative Dave Upthegrove. He has also been published by multiple media outlets, including the Seattle Times. He can be reached at TheJointBlog@TheJointBlog.com.

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