Medical and Recreational Marijuana Growing in the US Industry Market Research Report Now Available from IBISWorld

New York, NY (PRWEB) April 09, 2015

The Medical and Recreational Marijuana Growing industry has flourished over the five years to 2015. For decades, all marijuana transactions in the United States were conducted under implicit or explicit prohibition. However, states have increasingly moved to legalize nonprofit marijuana for medical purposes, as well as to implement regulations for organizations that sell cannabis. “The growing acceptance of medical marijuana is providing growers and investors with unprecedented opportunities,” says IBISWorld Industry Analyst Dmitry Diment. “There has been no shortage of demand in recent years, as the industry has benefited from increased acceptance of the legitimacy of medical marijuana products.”

Recently, the legalization of recreational marijuana in Colorado and Washington has spurred additional demand for the industry. In 2014, the licensing of commercial recreational marijuana growers in these states contributed to industry revenue growth of 54.7%. In addition to the favorable regulatory environment in these states, medical marijuana growers have continued to benefit from the steadily aging population. Chronic illnesses have become more prevalent as the population continues to age, driving demand for medical marijuana. Overall, the industry is expected to experience annualized revenue growth of 30.2% to $ 1.9 billion in the five years to 2015, including growth of 25.1% during the current year.

According to Diment, however, “The industry will remain at risk until the federal government definitively changes its position on the legality of marijuana. Until then, a growing number of medical marijuana patients, as well as a burgeoning recreational cannabis legalization movement, will spur demand for the industry.” Rising demand is also forecast to widen profit margins, as is the success of the for-profit recreational marijuana business in Colorado and Washington. In particular, the next five years are expected to see the growth of large commercial cultivators, who will benefit from strong recreational demand across a number of states, including Alaska, Oregon and the District of Columbia.

For more information, visit IBISWorld’s Medical and Recreational Marijuana Growing in the US industry report page.

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IBISWorld industry Report Key Topics

This industry’s establishments grow marijuana for medical and recreational use. Most operators are nonprofit collectives that provide medical marijuana to other collective members. Transactions are typically conducted on a donation basis because the sale and distribution of marijuana is illegal in most states that permit medical marijuana. The industry also includes operators in Colorado and Washington, who grow medical and recreational marijuana on a for-profit basis.

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About IBISWorld Inc.

Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.







More Colorado Press Releases

Security Industry Association Delivers Recommendations for Cameras Onboard Trains to Federal Railroad Administration

Silver Spring, Md. (PRWEB) November 06, 2014

The Security Industry Association (SIA) recently presented recommendations for the adoption of image and audio recording technologies to strengthen investigations and accident prevention efforts onboard U.S. passenger and freight trains before an advisory committee of the Federal Railroad Administration.

The newly formed SIA Transportation Policy Working Group made its recommendations by invitation on Oct. 29 to the FRA Rail Safety Advisory Committee (RSAC), which is formulating a federal requirement for equipping lead train cabs with cameras and recording devices. RSAC was formed in 1996 to develop regulatory proposals to address safety issues, comprised of both public and private stakeholders within the rail community.

The SIA presentation provided an overview of available technology provided by the security industry for rail and mass transit applications and addressed long-term technology considerations RSAC may wish to consider. It focused on the importance of maintaining interoperable interfaces and capability to integrate with other train systems as well as detailed technology building blocks, such as high-quality images and secure data storage, which are necessary to accomplish the goals outlined by the FRA.

These goals include improving accident/incident investigation, evaluation of employee fatigue, distraction and interaction, and providing assistance for employee training and testing.

“A carefully considered requirement for camera technology onboard passenger and freight trains would go a long way to ensuring the safety and security of people and material traveling U.S. railways,” said SIA Director of Government Relations Jake Parker. “The security industry is ready to assist our nation’s railroads in preventing and mitigating any accidents, crimes or disasters along our railways.”

Parker is available to discuss the importance of audio and video technologies to railroad safety and security in response to media requests. The SIA presentation to RSAC is available online at http://www.securityindustry.org/SiteAssets/GovernmentRelations/Capital%20Perspective%20Briefings/SIA%20RSAC%20Presentation.pdf.

The National Transportation Safety Board (NTSB) has recommended using image and audio recording technologies to strengthen investigations and accident prevention efforts in response to an alarming number of recent fatal rail incidents throughout the country—in Chatsworth, Calif.; Red Oak, Iowa; the Bronx in New York City, and other locations.

In March 2014, the FRA tasked RSAC with developing a federal requirement for the adoption of recording technologies by trains, to be reported by April 1, 2015. The next meetings to address this issue are scheduled for Dec. 9 and 10 at the National Housing Center, 1201 15th St., NW, Washington D.C. The meetings are open to the public.

About the Security Industry Association

The Security Industry Association (SIA) (http://www.securityindustry.org) is the leading trade association for electronic and physical security solution providers, with more than 500 innovative member companies representing more than 300,000 security leaders and experts who shape the future of the security industry. SIA protects and advances its members’ interests by advocating pro-industry policies and legislation at the federal and state levels; creating open industry standards that enable integration; advancing industry professionalism through education and training; opening global market opportunities; and collaboration with other like-minded organizations. As a proud sponsor of ISC Events expos and conferences, and owner of the Securing New Ground® conference, SIA ensures its members have access to top-level buyers and influencers, as well as unparalleled learning and network opportunities.







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Electric Vehicles Market For Construction, Agriculture And Mining 2015-2025: Latest Industry Analysis, Size, Share, Growth, Trends and Forecast 2025

Albany, NY (PRWEB) October 16, 2014

Electric vehicles for construction, mining and agriculture will be a $ 50 billion market in 2025. Komatsu, John Deere, Caterpillar, and others manufacture the big vehicles – mainly hybrid – while other manufacturers offer smaller, pure-electric versions.

View Full Report at http://www.marketresearchreports.biz/analysis/226025

Pure electric is a legal requirement indoors. Outdoors, fuel saving and better performance attracts. Cranes and man lifters have many applications. Their production volumes are larger than most people realise. So it is with the electric versions set for 253,000 to be sold in 2025. This is an industry about to change radically. For example, in mining, over 90% of the world’s mines are open cast. They are often in remote places up to 4000 meters above sea level, where shipping diesel can cost more than buying it. Consequently, there is now a move to have 350 kW giant haul trucks working the floor and separately the top of the mine with electric rail-veyors lifting the ore from bottom to top. In an all-electric solution new pollution laws can be met, image improved and money saved, the electricity coming from the mine’s own wind turbines and photovoltaics. Battery swapping and fast charging of those batteries means 350 kWh batteries suffice – big but no larger than those in other EV sectors.

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The new report explains all this and gives detailed forecasts, comparisons and assessments. It shows how mines will electrify much more but only after the current bust period of the boom-and-bust that characterises this industry. It shows why the ubiquitous tractor in agriculture will, at last, be electric in volume quantities by 2025 and how new forms of vehicle design are coming. Benchmarking from the 37 categories of electric vehicle that IDTechEx forecasts, the report explains what new technologies will arrive and why. Supercapacitors, new power components, greater modularisation and integration will transform this industry. The report draws on interviews and results of many recent conferences on these sectors.

Related Reports

Electric Vehicle Forecasts, Trends And Opportunities 2015-2025

View Full Report at http://www.marketresearchreports.biz/analysis/225350

This master report summarising and forecasting every sector of the EV industry remains unique. It adds new sectors as they become substantial, the latest being car-like microEVs homologated as quadricycles in Europe. In the last year it has become a more closely integrated market – pure electric and hybrid whether on land, water or airborne. For example, Nissan has launched hybrid cars selling in tens of thousands yearly. The e-bike company Brammo took orders for 4,000 of its $ 20,000 record-breaking e-motorbike on its launch in the USA.

Download Detail Report With Complete TOC at http://www.marketresearchreports.biz/sample/sample/225350

Previously, e-motorbikes have been merely a curiosity. Many profitable niches are emerging just as the largest major sectors are changing in importance; the industrial and commercial sector is now bigger and much more profitable than e-cars, and is set to remain so for at least eight more years. All components are changing with supercapacitors sometimes replacing or partly replacing batteries and also new types of battery, energy harvesting, power electronics and structure powering growth in this already huge and prosperous business. It is comprehensively forecasted only in this master report and the subsidiary reports on the segments.

Industrial & Commercial Hybrid & Pure Electric Vehicles 2014-2024: Forecasts, Opportunities, Players

View Full Report at http://www.marketresearchreports.biz/analysis/207624

Those selling components for electric vehicles and those wishing to make the vehicles themselves must seek where the majority of the money is spent and will be spent. That must lead them to industrial and commercial electric vehicles because today these represent 60% of the value of the electric vehicle market. Indeed, this sector is set to grow 4.2 times in the next decade. Industrial and commercial electric vehicles include heavy industrial vehicles, the term referring to heavy lifting, as with forklifts.

Download Detail Report With Complete TOC at http://www.marketresearchreports.biz/sample/sample/207624

Then we have buses, trucks, taxis and the other light industrial and commercial vehicles. There are also a few work boats and commercial boats and one day there will be commercial electric aircraft but this is really a story about the burgeoning demand for off-road industrial vehicles and on-road commercial vehicles. In particular, industrial electric vehicles make industry more efficient and commercial electric vehicles reduce congestion. Both of them greatly reduce pollution and align closely with government objectives concerning industry and the environment, yet they minimally depend on subsidy, in contrast with some other electric vehicle types.

Wireless Power Transmission For Consumer Electronics And Electric Vehicles 2014 – 2024

View Full Report at http://www.marketresearchreports.biz/analysis/190020

Over the next decade, the most vibrant Wireless Power Transmission (WPT) markets will involve the contactless charging of portable and mobile equipment, in particular consumer electronics and electric vehicles and this is the focus of this report. These two aspects go together because the technology is similar, some proposed standards overlap and some suppliers seek to serve both markets.

Download Detail Report With Complete TOC at http://www.marketresearchreports.biz/sample/sample/190020

Later, this will lead to contactless power for a high proportion of static consumer, industrial and military electronics. For now, it primarily concerns wireless charging of lithium-ion batteries in portable consumer electronics and in land, water and airborne electric vehicles, particularly cars, both hybrid and pure electric. These travel considerable distances and ready availability of standard, convenient ie contactless, charging capability is key to their widespread adoption. To the user of consumer electronics, this is particularly driven by the ever greater functionality and longer hours of use of mobile phones calling for frequent charging, given that the batteries are not improving fast enough.

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