What is the best state to start a cannabis business as well as the worst? Did you know that social media sites enforce a ban on cannabis ads for companies as well as educational promoters? How about the fact that even though public opinion is moving towards acceptance of cannabis only 17 percent of people age 56 and older believe it should be legal?
Our infographic of the day comes from our friends over at BusinessStudent, who present to us The Business of Cannabis, a complete overview of the cannabis industry. This graphic details everything from female representation in the world of marijuana to issues with the Department of Justice. It is a wonderful primer for anyone looking for an overview of the fastest growing industry in the world.
The Financial Differences
Let’s dive into the financial differences between the medical cannabis market and the recreational cannabis market. In 2017 the US market for cannabis was worth approximately $7.9 billion. By 2025 those numbers are going to grow to around $24.1 billion. Statistics show that in 2016 medical consumers shopped roughly every 10 days spending approximately $136 per transaction.
In reference, recreational consumers bought once every two weeks spending approximately $50 each time. Cannabis consumers range from young adults all the way to seniors. This informative infographic will take a look at the best and worst states to have cannabis businesses as well as information about the demographics of cannabis in business and culture.