12 Jun 2015

Cannibus Industry Start-Up Reaches Profitability While Expanding Its Proprietary Ancillary Medical Marijuana Product IP Portfolio

posted in: Cannabis | 0


Phoenix, Arizona (PRWEB) May 06, 2015

Mesa, Arizona (PRWEB) May 6, 2015 – FOR IMMEDIATE RELEASE

Med Ag Ventures, Inc. (MAV), an investor backed Colorado cannabis industry company, expanded manufacturing capacity of its Arizona based Phoenician Engineering subsidiary three times since first producing proprietary herb grinders last September. MAV recently achieved profitability from operations, within one year of start-up. MAV’s reseller network expanded from 100 at the end of 2014 to over 500 today through exposure at Cannabis trade shows like Champs, American Glass Exposition, and Cannabis Cups. MAV’s proprietary products have secured their place among the best of the best in the medical marijuana industry and lead in setting a medical grade standard for ancillary cannabis products.

Paving the way for continued growth, MAV expanded its intellectual property portfolio and now owns what is believed to be one of the most valuable and diverse portfolios of patents and patents pending protecting its innovative herb grinders and other products in its growing pipeline.

Justin Cifelli, CEO of MAV states, “We are deeply appreciative of our investors, our team and our customers who make our rapid growth and success possible. We are focused on delivering long-term value to both customers and shareholders.” VP and Director of Engineering Dane Dukat adds, “We listen to our customers and incorporate their feedback in new product launches. The metrics speak for themselves – demand has never been higher and is accelerating.” COO Colton Dukat adds, “We are staying humble and working hard to deliver the best products and the best customer experience. Our responsibility to effectively manage growth and demand goes well beyond our products, supply chain or capacity; it starts and ends with our growing strong team of dynamic and very talented individuals.”

ABOUT MAV:

Med Ag Ventures Inc. of Colorado is an emerging growth company part of the booming medical cannabis industry. We manufacture proprietary ancillary products for consumers, growers and marijuana dispensaries. The Cannabis industry is reported to be the fastest growing industry in the US.

FOR MORE INFORMATION:

Visit http://www.MedAg.Ventures

Tom Cifelli, CFO & General Counsel

602-677-7578

###END ###







Related Cannabis Press Releases

11 Jun 2015

Reasons Why You Should Get A Sacramento Medical Marijuana ID Card

posted in: Cannabis | 0

You won’t be allowed to use a Sacramento Medical Marijuana without the proper medical ID card coming from your local registry office. This ID card is a requirement before you can purchase medical cannabis products in any dispensaries around the region.

But aside from the reason that it is required by the law, what are the other reasons behind this Medicinal Marijuana Identification card? Check them out below;

1. Medical Cannabis ID Card is for your Legal Protection – This ID card can be useful to you, with this ID card, you can avoid being penalized by the federal law most specially if you are using medicinal cannabis for your medical conditions. The federal government, until now doesn’t allow anyone to use this alternative medicine even for medical purposes, although state law allows it already, but the last say will still comes from the federal government. If you have your ID card with you, you can purchase a limited amount of medical cannabis at any dispensaries and federal government will not question you as long as the purchases are under the required limit. But keep in mind that even if you’re using cannabis as an alternative medicine for you medical condition, you are still breaking state law if you don’t have a proper recommendation from your doctor to legally use this medicinal cannabis.

2. You are fully protected if you have a medical ID Card – This ID card will be your ultimate weapon in case you are questioned by the government when you are buying cannabis products. As a patient, you are afforded full legal protection under the states medicinal cannabis laws. This means you don’t have to worry too much whenever cops ask you to search over your car and specially if they found out marijuana strains over it. Just show your medical ID card to them and you will not be taken anymore to jail.

3. This medical ID Card will be your ticket into cannabis dispensaries – Cannabis dispensary caregivers won’t allow you to get in their premises if you don’t have the medical ID card. They won’t entertain you so better get an ID card first before proceeding to any dispensary in your area. This ID card will give you full access to all cannabis products in all dispensaries in the region. Sacramento has the best dispensaries in the state of California and they are very willing to serve all your medical needs but with proper documentations.

4. You can grow your own cannabis – With a medical cannabis ID card, you are not only allowed to purchase medicinal marijuana legally, but you can also grow your very own cannabis without fear of being penalized by the law. 

Growing your very own medical cannabis in your own home is allowed by the state law provided that you have an ID card with you. As long as you are a medical cannabis patient,  you are allowed to have up to six mature plants growing at one time. If you are on tight budget and want to save money on your medications, you better start thinking of growing your own medical cannabis at home, but make sure to get an ID card first to avoid problems in the long run.

EL Camino Wellness Center provides high quality and affordable Medical Marijuana in Sacramento. To get updated listings on Sacramento Medical Marijuana products, you may log on to www.ELCaminoWellnessCenter.com! Visit us now!

11 Jun 2015

Last Quarter Growth Curve on the Rise for Industrial Hemp and Medical Marijuana Stocks

posted in: Hemp Farming | 0


Las Vegas, NV (PRWEB) November 29, 2012

Bruce Perlowin, CEO of Hemp, Inc. (OTC: HEMP) and industrial hemp veteran, whose company led the industry’s 4th quarter growth curve last, gave insight on how the last quarter in 2012 will end.

According to Bruce Perlowin, “So far, the last quarter for the Fabulous Four hemp and marijuana stocks are showing a strong growth curve as the end of the last quarter nears, as they did last year. Massive media campaigning makes people outside our industry aware of this huge industry that’s growing phenomenally. “

With marijuana legalized now, how will it benefit the American people and the economy? Industry analysts are optimistic and foresee a creation of a new and highly profitable agricultural industry, increased trade opportunities, an increase in the gross national product (GNP), improved environmental conditions, new tax resources, and reduced costs with respect to enforcement of current laws. According to http://www.govtrac.us, The Industrial Hemp Farming Act of 2012, alone, amends “the Controlled Substances Act to exclude industrial hemp from the definition of marihuana, and for other purposes.” With all eyes on the industrial hemp and medical marijuana industry, coupled with the benefits of legalization, savvy investors are beginning to invest heavily.

Hemp, Inc.’s (OTC: HEMP) CEO, Bruce Perlowin, has accumulated over 500,000 shares in GreenGro Technologies, Inc.; over 5 million in Grow Life, Inc.; and, twenty-one million shares in Medical Marijuana, Inc. Even though his favorite is his own (Hemp, Inc. (OTC: HEMP)) he has started strategically investing in other marijuana industry stocks. “I know these stocks are going to go through the roof this last quarter just as they did last year,” says Perlowin.

While the average non-investor may not have a clue, market awareness surrounding the industrial hemp and medical marijuana industries is informative and can be very persuasive. With Massachusetts legalizing medical marijuana, more people are thinking about opening dispensaries, growing medical marijuana, or getting paid better wages as trimmers. Everyone, from real estate investors to other hard-hit sectors of the economy, are sleuthing the industry.

While some are courageous enough to open dispensaries and grow, most are leaping to invest in marijuana stocks. Simply put, it is a mature and aged industry reality in the American marketplace. The publicity surrounding the marijuana industry has attracted the average American investor and newbie investors (from your auto mechanic workers to your stay-at-home moms) and foreign interests. “Everybody wants in on ‘the next big thing’. Think of it as another dot.com explosion,” says Perlowin.

He adds, “The smart investor has already started accumulating stock.” Perlowin’s investment strategy seems to be already paying off. The two million shares he bought of Grow Life, Inc. the first ten days in October increased 39.9% on October 11, 2012 (that was the date the pre-election spike started two years ago when Prop 19 in California was on the ballot). During Prop 19, the stock skyrocketed and then fell. However, this past election, the steadiness of the marijuana stocks signal the industry is here to stay.

Forging a path in the industrial hemp industry, while educating consumers on the many uses of industrial hemp, Hemp, Inc. (OTC: HEMP) (http://www.hemp.com), is also producing hemp-based products proven to increase the body’s overall health and performance. The company boasts HerbaGenix™ nutraceuticals (http://www.herbagenix.com); BasicHemp (http://www.basichemp.com), their hemp protein shakes brand; and, custom-branded MJ Lover for Him and MJ Lover for Her (http://www.mjlover.com) and Re-Load Hemp nutraceuticals (http://www.re-load.biz) which is derived from a blend of organic nutrients, herbs, and vitamins including hemp extract (0.00% THC) and AFA blue-green algae which is known for its healthful effects.

Not only has the company been flooding the market with health products, its CEO, Bruce Perlowin is quite the philanthropist, according to inside sources. “Bruce Perlowin is an interesting character. Very philanthropic. His journey reminds me of the ‘Catch Me If You Can’ movie,” says David Tobias, President of Hemp, Inc. (OTC: HEMP).

Perlowin’s ‘people and planet before profits’ business approach and philanthropic deeds are evident. He donates to Dr. Patch Adams’ of Gesundheit! Institute who is building a 50 million dollar, free children’s hospital in West Virginia. The institute is a not-for-profit health care organization and is a project in holistic medical care based on the belief that one cannot separate the health of the individual from the health of the family, the community, the world, and the health care system itself (see PatchAdams.org). Other efforts Perlowin donates prolifically to include the Cash Hyde Foundation Fundraiser with Tommy Chong (CashHydeFoundation.com); The CanDo Kids Project (CanDokidsworld.org); C Bar J Horsehaven Rescue, in Dolan Springs, Arizona (cbarjrescue.wetpaint.com); Spread Peace USA – Feeding the Homeless (facebook.com/spreadpeaceusa); and, Keepers of the Wild, to build an 1,800 acre animal sanctuary on 4,000 acres in Dolan Springs, Arizona (KeepersOfTheWild.org).

ABOUT HEMP, INC.

Hemp, Inc. (OTC: HEMP) focuses on the vast market created by the quickly emerging, and growing, multibillion dollar industrial hemp industry. Hemp, Inc. (OTC: HEMP) is not involved in the cultivation or marketing of medical marijuana. It is the company’s belief that legalization of hemp in all 50 states and at the federal level will come to pass. With that in mind, the company is building infrastructure with the potential to gain substantial market share before and after industrial hemp prohibition ends. (Pending any federal licensing or other requirements, that may be enacted after hemp prohibition ends).

HEMP, INC.’s TRIPLE BOTTOM LINE

Hemp, Inc. (OTC: HEMP) seeks to benefit many constituencies, not exploit or endanger any group of them. Thus, the publicly-traded company believes in “upstreaming” of a portion of profit from the marketing of their finished hemp goods back to its originator, in which most cases will one day be the American farmer, cultivating natural, sustainable products. By Hemp, Inc. (OTC: HEMP) focusing on comprehensive investment results—that is, with respect to performance along the interrelated dimensions of people, planet, and profits— our triple bottom line approach can be an important tool to support sustainability goals.

CEO of Hemp, Inc. (OTC: HEMP), Bruce Perlowin, is positioning the company as a leader in the industrial hemp industry, with a social and environmental mission at its core. In fact, he wanted to, consciously, found a business with non-financial goals that weren’t an after-thought, but are part of its DNA.

CONTACT:

Phone:    1-877-221-8351    

Email:    info(at)hemp(dot)com

http://www.hemp.com (Hemp, Inc.)

http://www.hempincnews.com (Hemp, Inc. News)

herbagenix.com (Hemp-Based Supplements Division)

basichemp.com (Hemp Protein with Enhanced Nutritionals)

mjlover.com (MJ LOVER for Him; MJ LOVER for Her)

re-load.biz (Hemp-Based Nutraceuticals)

ecoharmonycards.com (Loyalty Card Sustainable Fundraiser for Non-Profits)

supportpatchadams.com (Hemp Gemstone Candles and Fundraiser for Patch Adams)

hempinc.tv (Media and Entertainment Division)

SOCIAL NETWORKS:

twitter.com/marijuanainc

twitter.com/bruceperlowin (CEO Tweets)

facebook.com/bruceperlowin (CEO Fan Page)







Related Hemp Farming Press Releases

6 Jun 2015

Houses.com Finds Increased Website Interest in Medical Cannabis Lenient States

posted in: Hemp Legislation | 0


Miami, Florida (PRWEB) December 19, 2012

As the dust settles in the weeks following the Presidential Election, Americans are returning to life as usual. Gone are the political ads, debates and polls and most citizens are thankful to that end. However, the leading real estate website, Houses.com is detecting a small yet increasing trend under current in the ocean of politics. There is an amplified interest in the states where medical marijuana can be used without criminal consequences.

The voters in the states of Washington and Colorado have gone a step further and given their blessing to the recreational use of marijuana. Many other states have passed similar legislation that downgrade possession of the drug to the equivalent of running a stop sign. Each state will have different ordinances as to how much you can carry without the fear of facing a judge but, that aside there is a growing trend to legalize the use of medical marijuana in the United States.

The infographic illustrates (in green) the states that have legalized or passed laws allowing either the medical or recreational use of the plant. One eye opener was the increased number of homes for sale searches in New York and Maryland on Houses.com. Several states saw increases in the single digits; the searches in the tiny state of Maryland swelled to a full 14% and a whopping 22% in New York.

There are no hard and fast demographics for these online queries but when most people look for a home they generally have a stable income and the financial means to make the move. Widely distributed studies would lead most to believe it is the teenagers and the early 20s network that use marijuana. For more information, see the recent study by the American Medical Association: http://www.druglibrary.org/Schaffer/hemp/medical/block.htm. Nevertheless, those age groups by and large, don’t have access to the cash reserves needed to make major purchases like a home.

Although the increased traffic is by no means immense yet, the percentages of increases were enough to catch more than a few eyes. Founder and CEO of Houses.com, Richard Swerdlow commented on the recent findings, “The U.S. is traditionally conservative and cautious about the use of marijuana. Looking at the traffic by state breakdown paired with recent legislation on the drug suggests that citizens may want to see that changed.”

The inforgraphic clearly illustrates that the plain states, the Southeastern Seaboard and Southern states, are more conservative in their approaches to marijuana. Many citizens who are in favor of these relaxed measures are predicting it is just a matter of time before all states have some kind of legal verbiage for marijuana and its use.

For more in depth information on this subject read the full article here: http://www.houses.com/Learn/HousingNews/Marijuana-Tolerant-States-Attract-Homebuyers-to-Houses.com. Realtors in these 20+ states may want to keep their eyes on the marijuana legislation in their vicinity. When the topic is brought up in conversation; being prepared to answer client’s questions with an informed and educated voice may be an advantage.

About eReal Estate Holdings

eReal Estate Holdings LLC owns and / or operates the category-defining portals Condo.com, Houses.com, Property.com and Location.com. These real estate portals are the world’s largest online marketplaces for real estate with more than 30 million properties for sale, rent and vacation in the United States and 70-plus countries around the world. The sites receive more than 1.5 million visitors per month, and cost-effectively deliver exposure and qualified leads to builders, real estate professionals and homeowners. In addition to property for sale and properties for rent, site visitors have access to a wide variety of real estate-related products and services, including mortgages, credit repair, home improvement, moving and more. Location.com was launched in beta in November 2012 in order to capitalize on the rapid growth of location-based advertising and search.

The privately held eReal Estate Holdings LLC is headquartered in Miami, Florida. For more information, please visit http://www.erealestateholdings.com.







More Hemp Legislation Press Releases

4 Jun 2015

How to Buy Sacramento Medical Marijuana Products for Medical Purposes

posted in: Cannabis | 124

There are several steps being thought by Sacramento Medical doctors in buying, purchasing, cultivating and even selling medical cannabis. Some of them would suggest that before you can purchase, cultivate and even sell cannabis, you better get consultation from a credible medical cannabis doctor. This is actually true but it doesn’t stop the process there. You have to do several important things before you can actually use medical cannabis to cure your medical condition.

Get recommended – Doctors know this very well. They are tasked to give you recommendation letter, stating that they are allowing you (patient) to use medical cannabis as an alternative medicine to cure your medical problem. This recommendation letter is an important requirement before you can be allowed to purchase and cultivate this medical cannabis.

Check out Registry office near you and ask for medical cannabis ID rates – Go online and search over the internet the nearest Registry office in your area. Get their numbers and other important details and call them at once. Ask how much the value of the medical cannabis ID and don’t hang up the phone without asking for the requirements you need to bring in applying for the medical ID card.

Prepare all the requirements needed to be submitted to the Registry office – Registry would usually ask you to bring the payment (which is given), the recommendation letter coming from your local medical doctor and two valid ID’s with photos attached on it. They need your valid ID’s to verify your personality and to know if you really need to undergo such alternative medication.

Pay the medical ID card fee at the Registry cashier – Medical ID card would cost $ 150 and it will take a little over three weeks to process your medical ID card application. Sometimes, if there are few applicants, they can release your ID card in just a short span of days, but during peak season, it would usually take them more than one month to process the ID card.

Go to your most desired dispensary – When you have your ID card with you, you can now purchase, cultivate and even sell a limited grams of medical cannabis. But don’t purchase and sell above the limit grams of medical marijuana or you will be punished by the Federal government. The Federal law is still against the idea of legalizing the use of marijuana even for medical purposes, so be aware of the law in Sacramento most specially with regards to the proper use of this so called medical cannabis.

El Camino Wellness Center offers high quality and affordable Sacramento Medical Marijuana products. Come and visit our center now to get our medical grade Sacramento Medical Marijuana.

29 May 2015

Illnesses That Can Be Cured by Sacramento Medical Marijuana

posted in: Cannabis | 0

Medical cannabis is known to help cure various health disorders and it was proven safe and effective by medical experts to heal even deadly diseases such as cancer and AIDS. There are several testimonies circulating over the internet for several years now about the effectiveness of this medical cannabis to one’s health. But the sad news is there are people trying to oppose the idea of legalizing the use of medical marijuana even for health purposes.

Just to give you a short explanation on the benefit of this cannabis, even in South Asia, this plant is being used as pain reliever for pregnant women, specially during child delivery. Women would smoke dried buds to lessen the pain they feel during delivery period. Apart from that, old people in that part of the world eat cannabis buds to cure symptoms caused by headache and stomach problems. They are doing this for hundreds of years now but the government is still hindering the idea of legalizing it in full even for medical purposes.
 
There are medical patients who are rallying behind the total legalization of this medical cannabis, they are seeking for possible legislation from congressmen to fully legalize this so called, alternative medicine. These patients are now becoming aware of the benefits that can be gotten from using this medicinal marijuana. They would run into dispensaries just to be able to purchase and cultivate this inexpensive but effective alternative cure for so many ailments.
 
Let’s take a peek on ailments that can been cured by cannabis
 
AIDS – There are testimonies of positive HIV cases in Sacramento that has been resolved just by continues drinking of cannabis herbs.
 
Cancer – According to medical research, this cannabis has a certain substance that helps in blocking bad cancer cells to spread all over the body, thus, preventing it to become malignant. This case is proven even by medical experts, they have found this out during a patient’s chemotherapy session, they saw that this substance found in cannabis fights bad cancer cells until it stop spreading in the body.
 
Leukemia – Medical doctors proved that cannabis can be of great help in balancing the circulation of blood inside our body.
 
These are some of the illnesses that can be healed or can be lessen just by using this alternative medicine called, cannabis. But it is very important to consult your medical doctor before attempting to use cannabis to avoid complications in the long run.

Looking for Sacramento Medical Marijuana products? Then feel free to visit us at www.ELCaminoWellnessCenter.com! We offer very affordable and quality Sacramento Medical Marijuana products! Visit us now! 

Related Cannabis Articles

28 May 2015

How to Sell and Cultivate Sacramento Medical Marijuana

posted in: Cannabis | 0

Sacramento Medical Cannabis is highly regared as an alternative medicine to cure various medical condition. There are numerous medical research done by medical experts proving the benefits of medicinal cannabis to one’s life. It could help cure AIDS, Lung and Brain Cancer, Glaucoma, Parkinson’s Disease, Gastro intestinal problems, Headache, Cold, Fever, Sinuses and many more.

But you cannot just purchase this alternative medicine anywhere. You have to have the proper documentation in getting this medical cannabis for your diseases. First step in doing so, get a recommendation letter from your local medical doctor, your doctor have to explain in a letter why you need to use this alternative medicine called, cannabis. Once you have the letter, you have to go to your local Registry office to get a medical ID card. Show the letter to the Registry officer and then provide two valid ID with your latest photo attached on it, after that, pay the medical ID fee amounting to $ 150.

When you have the ID card, go to your nearby dispensary and then start purchasing medical cannabis for medical purposes. Buy any product through the help of local dispensary caregivers that can be found in any dispensary. But if you would really like to sell, cultivate and purchase this alternative medicine without being penalized by the law, might as well get accreditation by the state law by applying to become a dispensary caregiver. Check out state law’s steps on how to become a legal and certified dispensary caregiver.

Just keep in mind that the federal government is still against the idea of legalizing this alternative medicine, so purchasing medical marijuana above the allowable grams are considered punishable by the law. If you would like to know more about marijuana laws in the whole of Sacramento region, you may consider studying it through becoming a dispensary caregiver. Your local registry office can also give you tips on how to become caregivers.

Be better and get healed through medical marijuana but always keep in mind the laws about this alternative medicine. Cannabis are great for one’s health but if you don’t really understand the ins and outs of this medical cannabis, might as well consult a doctor to know the real score about this alternative medicine. Medical dispensary caregivers are also great personnel to be asked in finding the best possible cannabis products for your medical condition. For more details about caregivers, go to your nearest dispensary.

Looking for Sacramento Medical Marijuana products? Check us out at www.ELCaminoWellnessCenter.com! We offer very affordable Sacramento Medical Marijuana products! Visit us now!

27 May 2015

Bennet, Gardner back measure to legalize medical pot to fight epilepsy

posted in: Hemp Legislation | 0

Bennet, Gardner back measure to legalize medical pot to fight epilepsy
Colorado's U.S. senators, Michael Bennet and Cory Gardner, are backing federal legislation to allow children with seizures and adults with intractable epilepsy to have access to medical marijuana. The proposed Therapeutic Hemp Medical Access Act would …
Read more on The Denver Post

26 May 2015

National Access Cannabis Appoints Former Health Canada Medical Marijuana Manager, Gulwant Bajwa, as CEO

posted in: Cannabis | 0


Ottawa, ON (PRWEB) April 22, 2015

National Access Cannabis today announced the appointment of Gulwant Bajwa as Chief Executive Officer. Mr. Bajwa brings unparalleled industry knowledge to NAC after serving in multiple senior leadership positions in Health Canada’s Medical Marijuana Program.

Bajwa understands how the system works at every level; from compliance and enforcement (for Health Canada’s previous MMAR program) to production and supply, to establishing processes for packaging and testing of marijuana for medical and research purposes. His background makes him a firm believer in Medical Marijuana’s positive impact on patients.

“As a 29 year old in 1992 I fought cancer and experienced the horrible side effects of prescribed morphine pain medications. I couldn’t move or even communicate,” says Bajwa. “That grim time in my life convinced me that there had to be a better way,” he explains. “I know firsthand how hard it is to get effective treatment.”

During his time at Health Canada he began his serious investigation on the efficacy of cannabis by speaking with patients using medical marijuana as part of their treatment.

“I heard dozens of powerful accounts from patients who reported that they could finally sleep again – medical cannabis was the only thing that gave them the pain relief they needed,” says Bajwa. “A big plus that many shared with me was the absence of debilitating side effects.”

“Leading the NAC team I know that I will make a difference in the lives of patients going through what I suffered during my cancer fight,” he adds. “NAC is the ideal model to help Canadians understand how to get safe, informed and responsible access to the benefits of medical marijuana.”

NAC provides education on how Health Canada’s medical marijuana system works. Members are connected with a physician for a medical assessment and NAC assists with selecting a Licensed Producer and submitting the required Health Canada medical documents.

Members also receive pharmacist consultations and ongoing guidance on responsible use while NAC pharmacy software monitors safe usage. In addition, NAC members receive the National Access Cannabis Card, a secure medical marijuana card developed in consultation with law enforcement to assure police that patients are authorized to use medical marijuana.

For more information on Gulwant Bajwa see his full bio here.

To learn more about NAC visit NationalAccessCannabis.com. NAC can also be found on its social channels on Twitter, Facebook and YouTube.

About National Access Cannabis (NAC)

NAC is devoted to improving patients’ quality of life by creating local care centres across Canada. NAC facilitates safe access to medical marijuana within the laws and guidelines of Health Canada by connecting our members with physicians, providing pharmacist consultations and pharmacy software to monitor safe usage, and giving members a medical marijuana card for proof of compliance for law enforcement.







7 May 2015

Medical and Recreational Marijuana Growing in the US Industry Market Research Report Now Available from IBISWorld

posted in: Cannabis | 0


New York, NY (PRWEB) April 09, 2015

The Medical and Recreational Marijuana Growing industry has flourished over the five years to 2015. For decades, all marijuana transactions in the United States were conducted under implicit or explicit prohibition. However, states have increasingly moved to legalize nonprofit marijuana for medical purposes, as well as to implement regulations for organizations that sell cannabis. “The growing acceptance of medical marijuana is providing growers and investors with unprecedented opportunities,” says IBISWorld Industry Analyst Dmitry Diment. “There has been no shortage of demand in recent years, as the industry has benefited from increased acceptance of the legitimacy of medical marijuana products.”

Recently, the legalization of recreational marijuana in Colorado and Washington has spurred additional demand for the industry. In 2014, the licensing of commercial recreational marijuana growers in these states contributed to industry revenue growth of 54.7%. In addition to the favorable regulatory environment in these states, medical marijuana growers have continued to benefit from the steadily aging population. Chronic illnesses have become more prevalent as the population continues to age, driving demand for medical marijuana. Overall, the industry is expected to experience annualized revenue growth of 30.2% to $ 1.9 billion in the five years to 2015, including growth of 25.1% during the current year.

According to Diment, however, “The industry will remain at risk until the federal government definitively changes its position on the legality of marijuana. Until then, a growing number of medical marijuana patients, as well as a burgeoning recreational cannabis legalization movement, will spur demand for the industry.” Rising demand is also forecast to widen profit margins, as is the success of the for-profit recreational marijuana business in Colorado and Washington. In particular, the next five years are expected to see the growth of large commercial cultivators, who will benefit from strong recreational demand across a number of states, including Alaska, Oregon and the District of Columbia.

For more information, visit IBISWorld’s Medical and Recreational Marijuana Growing in the US industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld

Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld industry Report Key Topics

This industry’s establishments grow marijuana for medical and recreational use. Most operators are nonprofit collectives that provide medical marijuana to other collective members. Transactions are typically conducted on a donation basis because the sale and distribution of marijuana is illegal in most states that permit medical marijuana. The industry also includes operators in Colorado and Washington, who grow medical and recreational marijuana on a for-profit basis.

Industry Performance

Executive Summary

Key External Drivers

Current Performance

Industry Outlook

Industry Life Cycle

Products & Markets

Supply Chain

Products & Services

Major Markets

Globalization & Trade

Business Locations

Competitive Landscape

Market Share Concentration

Key Success Factors

Cost Structure Benchmarks

Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data

Annual Change

Key Ratios

About IBISWorld Inc.

Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.







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