MMJ Industry

MMJ Industry Growth & Size

Here’s a series of stats (2020) to give more information regarding medical marijuana industry size and growth:

  • Over 50% of the US states have legalized the use of medical marijuana in various forms.

  • $100.03 billion – the estimated value of medical marijuana by 2025. 

  • $100 million – the first-year sales of medical marijuana in Maryland.

  • $136 vs. $49 – the average spending of medical marijuana users per transaction compared to recreational marijuana users. MMJ users spend far more on average and purchase more often than the average recreational marijuana customer. 

  • 71% of surveyed consumers said they use cannabis for wellness purposes. 53% of them claimed that they reduce their over-the-counter (OTC) pain treatment, while 18% said they stopped completely.

  • Purchasing limits for medical marijuana patients tend to be much higher than recreational consumers in most states.

  • Some marijuana growing laws only allow patients in the medical marijuana program to grow cannabis at home.

  • In every legal state, the marijuana tax for medical patients is far lower than the tax rate for recreational consumers. In some cases, the difference is as high as 10% to 30%. The tax rate for medical marijuana products is lower because these patients have been approved to use medical cannabis for an established diagnosis. Since insurance companies do not provide any assistance to medical patients for cannabis; the state does its best to help out by keeping the tax rates lower or nonexistent. The overall price of marijuana products is relatively similar, regardless of medical vs recreational. It is the marijuana taxes that skew the final price points.