Legal Cannabis Industry Growth
October 13, 2020November Elections May Add to Increasing U.S. Medical Cannabis Programs
October 19, 2020
- With 34 legalized state (and D.C.) medical markets, total patients in the U.S. eligible for treatments with cannabis have passed 3 million.
- Given the increasing number of legalized states and their generally expanding lists of qualifying medical conditions, that total is projected to exceed 5 million by 2025.
- States with the highest patient saturation rates (i.e., registered patients per total populations) are Oklahoma (8%), New Mexico (5%), Montana (4%), and Arizona (4%), respectively.
- The two states voting on medical-use initiatives next month – Mississippi and South Dakota – could together add 30,000 patients by 2025.
