How Does the Medical Marijuana Industry Work?

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Marijuana

A piece of cannabis bud, well-cured (i.e. dried slowly following a specific procedure), home-grown in Finland. Strain: Sweet tooth. Wikimedia Creative Commons image

Twenty two states today plus Washington DC, allow patients with doctors recommendations to buy the stuff. Alaska, Arizona, California, Colorado, Connecticut, Delaware, District of Colombia, Hawaii, Illinois, Maine, Maryland, Massachusetts, Michigan, Montana, Nevada, New Hampshire, New Jersey, New Mexico, Minnesota, Oregon, Rhode Island, Vermont and Washington. Marijuana remains illegal under the 1970 Controlled Substances Act in the remainder of the states.

Marijuana markets will more than likely double in the next five years. Depending on two key factors that will drive the industry are the number of legal patients that will rise steadily at consistent rates and the fact that states will accommodate medical marijuana users by accepting rules and regulations governing the sales of medical marijuana. This industry has created over hundreds of businesses and jobs in the industry from caregiving, commercial cultivation, medical training, schools, investing firms, management, legal studies, dispensaries, accountants and insurance just to name only a handful of jobs it's created. Over 24 million patients in the United States are considered to have medical conditions, the symptoms of which could benefit from the use of medical marijuana and these patients are eligible to receive recommendations to do so through their physicians. Making the marijuana industry worth 120 billion dollars. Marijuana is now on the edge of mainstream legitimacy and established business interests are beginning to work with the initial trailblazers of the American cannabis market. Further, while technology innovation is revolutionizing every industry. Breakthrough in a market as new as this one has the chance to become defining cornerstones. Early-to-market products and solutions are seeing widespread adoption in absence of entrenched industry leaders.

The new California Gold Rush is here and it's in marijuana. There are so many new jobs that are popping up all the time as the legalization and the decriminalization continues to grow.

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