U.S. Medical Cannabis Market Analysis Report, 2014 to 2024

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U.S. Medical Cannabis Market Share, Size,
Analysis, Strategies, Growth, Regional Outlook,
Trends and Forecasts to 2024 Hexa Research
"U.S. Medical Cannabis Market Size Worth USD
19.48 Billion By 2024"
The U.S. Medical Cannabis Market is expected to
be valued at USD 19.48 billion by 2024, driven by
its numerous medical benefits particularly by
patients suffering from cancer, chronic pain and
diabetes. Favorable regulatory environment across
numerous states including California and Colorado
is expected to fuel the growth of the market over
the next few years.
Medical Marijuana Regulation and Safety Act
implemented in 2015 permits the cultivation and
use of cannabis dispensaries at the state and
local level which has been one of key drivers to
fuel the U.S market. The rising number of states
receiving approval to utilize cannabis for
consumption in medical cases is expected to be
one of the crucial factors to upsurge the demand
for medical marijuana over the forecast period.
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Over the past few decades, there have been
several controversies surrounding legalization of
cannabis for medical purposes however,
increasing signs of medical benefits received
from the consumption of cannabis has resulted in
the herb being legalized across various states in
the nation. The industry is expected to witness
significant growth during the forecast period
owing to greater consumer acceptance along with
an increasing number of companies entering the
market.
The symptoms and conditions that can be treated
by the herb include cancer, arthritis, epilepsy,
nausea, pain Alzheimers disease, anorexia, AIDS,
HIV, glaucoma, cachexia, Crohns disease,
migraines, and multiple sclerosis. Chronic pain
accounted for 46 of the U.S. cannabis medical
market share in 2016. The ability of medical
marijuana to curb pain is expected to gain
popularity among patients diagnosed with chronic
illnesses and pain.
In 2016, solid edibles segment dominated the U.S
market generating revenues worth USD 2.47 billion
and is expected to continue dominating the
industry over the forecast period. The future
product innovation and potential growth are
substantial owing to continuous development from
the consumption of cannabis infused products
owing to their numerous applications including
lotions, bath salts, shampoo, lip balm,
toothpaste, coffee pods, baked brownies cookies,
candy, confectioneries, beverages, vinegar and
oils.
California is known to be the first state in U.S.
that legalized cannabis for medical purpose. In
2016, California recorded the highest revenue
generation and is expected to grow at a CAGR of
13 over the projected period. Over the next few
years, more number of state governments are
expected to legalize cannabis owing to its
numerous benefits which will fuel its growth over
the projected period.
Hexa Research has segmented the U.S. medical
cannabis market based on usage, consumption and
state
Segmentation by usage, 2014 - 2024 (USD Million)
Chronic Pain Arthritis Migraine Cancer
Others
Segmentation by consumption, 2014 - 2024 (USD
Million)
Solid Edibles Inhalation Liquid Edibles
Topical
Segmentation by state, 2014 - 2024 (USD Million)
California Colorado Washington Arizona
Michigan
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Key players analyzed American Cannabis Canopy
Growth Corporation Greengro Technologies
Medical Marijuana Inc. United Cannabis
Terra Tech Corp.
Mentor Capital, Inc Cannabis Sativa, Inc.
GBSciences, Inc.
The Green Solution
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Table of Content of U.S. Medical Cannabis Market
Chapter 1. Market Summary 1.1. Market trends
movement
Chapter 2. U.S. Medical Cannabis Market Trends
Drivers Opportunities 2.1. Introduction
2.2. Key industry trends
2.3. Market drivers
2.4. Market restraints
2.5. Value chain analysis
2.6. Porter's Five Forces analysis
2.7. SWOT
Chapter 3. U.S. Medical Cannabis Market Trends,
By Usage 3.1. U.S. Medical Cannabis market
movement, by usage, 2016 2024 3.1.1. Chronic
Pain
3.1.1.1. Market estimates and forecast, 2014 -
2024 (USD Million) 3.1.2. Arthritis
3.1.2.1. Market estimates and forecast, 2014 -
2024 (USD Million) 3.1.3. Migraine
3.1.3.1. Market estimates and forecast, 2014 -
2024 (USD Million) 3.1.4. Cancer
3.1.4.1. Market estimates and forecast, 2014 -
2024 (USD Million) 3.1.5. Others
3.1.5.1. Market estimates and forecast, 2014 -
2024 (USD Million) Chapter 4. U.S. Medical
Cannabis Market Trends, By Consumption 4.1. U.S.
Medical Cannabis market movement, by consumption,
2016 2024 4.1.1. Solid edibles
4.1.1.1. Market estimates and forecast, 2014 -
2024 (USD Million) 4.1.2. Inhalation
4.1.2.1. Market estimates and forecast, 2014 -
2024 (USD Million) 4.1.3. Liquid edibles
4.1.3.1. Market estimates and forecast, 2014 -
2024 (USD Million) 4.1.4. Topical
4.1.4.1. Market estimates and forecast, 2014 -
2024 (USD Million) Chapter 5. U.S. Medical
Cannabis Market Trends, By State 5.1. U.S.
Medical Cannabis market movement, by state, 2016
2024
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5.1.1. California
5.1.1.1. Market estimates and forecast, 2014 -
2024 (USD Million) 5.1.2. Colorado
5.1.2.1. Market estimates and forecast, 2014 -
2024 (USD Million) 5.1.3. Washington
5.1.3.1. Market estimates and forecast, 2014 -
2024 (USD Million) 5.1.4. Arizona
5.1.4.1. Market estimates and forecast, 2014 -
2024 (USD Million) 5.1.5. Michigan
5.1.5.1. Market estimates and forecast, 2014 -
2024 (USD Million)
Chapter 6. Competitive Landscape
6.1. Competitive landscape analysis, 2016 6.2.
Strategic framework
6.3. Potential customer base concentration 6.4.
Company market positioning 6.5. Company profiles
6.5.1. American Cannabis
6.5.1.1. Company Overview 6.5.1.2. Product
Benchmarking 6.5.1.3. Financial
Performance 6.5.1.4. Recent Initiatives
6.5.2. Canopy Growth Corporation 6.5.2.1. Company
Overview 6.5.2.2. Product Benchmarking 6.5.2.3.
Financial Performance 6.5.2.4. Recent Initiatives
6.5.3. Greengro Technologies 6.5.3.1. Company
Overview 6.5.3.2. Product Benchmarking 6.5.3.3.
Financial Performance 6.5.3.4. Recent Initiatives
6.5.4. Medical Marijuana Inc. 6.5.4.1. Company
Overview 6.5.4.2. Product Benchmarking 6.5.4.3.
Financial Performance 6.5.4.4. Recent Initiatives
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6.5.5. United Cannabis
6.5.5.1. Company Overview 6.5.5.2. Product
Benchmarking 6.5.5.3. Financial
Performance 6.5.5.4. Recent Initiatives
6.5.6. Terra Tech Corp.
6.5.6.1. Company Overview 6.5.6.2. Product
Benchmarking 6.5.6.3. Financial
Performance 6.5.6.4. Recent Initiatives
6.5.7. Mentor Capital, Inc
6.5.7.1. Company Overview 6.5.7.2. Product
Benchmarking 6.5.7.3. Financial
Performance 6.5.7.4. Recent Initiatives
6.5.8. Cannabis Sativa, Inc. 6.5.8.1. Company
Overview 6.5.8.2. Product Benchmarking 6.5.8.3.
Financial Performance 6.5.8.4. Recent Initiatives
6.5.9. GBSciences, Inc
6.5.9.1. Company Overview 6.5.9.2. Product
Benchmarking 6.5.9.3. Financial
Performance 6.5.9.4. Recent Initiatives
6.5.10. The Green Solution. 6.5.10.1. Company
Overview 6.5.10.2. Product Benchmarking 6.5.10.3.
Financial Performance 6.5.10.4. Recent
Initiatives 6.5.11. List of other vendors
Chapter 7. Methodology and Scope
7.1. Research methodology 7.2. Research Scope
Assumptions 7.3. List of data sources
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