Marijuana industry overview
California medical marijuana sales have increased by 132% in the state of California since 2010. Sales have grown from an estimated $351 million annually to over $814 million annually in the past 6 years. The growth that we have seen and the growth that we project, makes the Cannabis industry one of the fastest growing markets in California.
Dispensary growth in California is forecasted to continue it’s previous growth. With now over 2,756 dispensaries, this segment of the Cannabis market is going to continue strong growth. As the legalization of the cannabis becomes more widespread, qualified experts will be sought out for consulting, support, and business structuring among other services.
The current growth trends in the cannabis market have been driven through the medical usage trend, however, as California legalizes the recreational use of Marijuana the market growth is projected to grow exponentially compared to the past 6 years. The time is now to acquire or launch into your own rapidly expanding cannabis business.