- California and Colorado account for 92 percent of wholesale and retail sales nationally.
- Arizona, Michigan and Washington are considered well-positioned for significant growth.
- There are 24.8 potential consumers for medical marijuana in the United States today. This number reflects the number of Americans with qualifying ailments who live in a current "legal state". Currently, there are fewer than 800,000 patients in these states.
- Business owners say the largest hurdle to success is not financing, but regulatory uncertainty. [This is due in part to the fact that marijuana remains illegal under Federal law, and due in part to the reluctance of state legislators and local communities to embrace medical marijuana as a legitimate treatment -- even though countless studies have demonstrated its effectiveness.]
- Nearly two-thirds of medical marijuana caregivers surveyed -- 63 percent -- have been in business less than one year.
In the spirit of innovation and embracing the future which is the common theme of this post, I hope that the public in general, and legislators and law enforcement in particular, will take the time to educate themselves on the realities of marijuana usage, both medically and recreationally. It is long past time to emerge from the Dark Ages.