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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.

Industry Performance

Executive Summary

Key External Drivers

Current Performance

Industry Outlook

Industry Life Cycle

Products & Markets

Supply Chain

Products & Services

Major Markets

Globalization & Trade

Business Locations

Competitive Landscape

Market Share Concentration

Key Success Factors

Cost Structure Benchmarks

Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data

Annual Change

Key Ratios

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

Car Insurance Quotes Provide Opportunities for Analyzing The Insurance Market!

(PRWEB) December 11, 2014

Cheapquotesautoinsurance.com has released a new blog post explaining how to analyze the insurance market by comparing auto insurance quotes.

Clients can use car insurance quotes to analyze the online insurance market. This will help them find low cost policies that provide good financial protection for their vehicles. An insurance policy can now be purchased online.

Quotes provide information about the cost of a policy, its length and the coverage amount it provides. Having financial protection for a vehicle is very important and in many states it is also compulsory to carry limited liability coverage.

Its legal status should not be the only reason drivers buy car insurance. Instead, drivers should think of a policy as an investment: an investment in the safety and security of their car. In case of an accident, a plan can provide important benefits.

Cheapquotesautoinsurance.com is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

Cheapquotesautoinsurance.com is owned by Internet Marketing Company.

For more information, please visit: http://cheapquotesautoinsurance.com/ .







More Accident Press Releases

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.

Download Detail Report With Complete TOC at http://www.marketresearchreports.biz/sample/sample/226025

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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Global Pet Insurance Market Trends and Opportunities 2014-2019 New Study Now Available at MarketReportsOnline.com

Dallas, Texas (PRWEB) September 26, 2014

The report titled “Global Pet Insurance Market: Trends and Opportunities (2014-2019)” provides an in-depth analysis of global animal companion market focusing on major pet insurance markets such as the UK, the US and Japan. The report also assesses the key opportunities and underlying trends in the market and outlines the factors that are and will be driving the growth of the industry in the forecasted period (2014-19). Further, key pet insurers such as Allianz Group, Anicom Holdings, Pethealth Inc. and Veterinary Pet Insurance (VPI) are profiled in the report.

Geographical Coverage: North America, The United States, The United Kingdom and Japan

Company Coverage: Allianz Group, Anicom Holdings, Pethealth Inc. and Veterinary Pet Insurance (VPI)

Complete report available at http://www.marketreportsonline.com/357130.html.

Pet insurance is a type of specialty property and casualty insurance policy that pet owners purchase to cover the unintended costs that arise in providing care for a pet, including veterinary services such as surgical procedures, injuries from accidents, and prescribed pet medicines. Pet insurance is purely a reimbursement program. A form of property and casualty insurance, pet insurance provides reimbursement to the owner after the pet has received required care and the owner submits a claim to the insurance company.

Globally, pet insurance market is largely untapped with extremely low penetration rates and hence it holds potential with high market opportunity. In developed economies like the US, pet insurance penetration rate is less than 1% and the primary reasons for low coverage in North America is lack of awareness, short history of availability in relation to Western Europe and negative product perception from early market entrants. Despite of low penetration, several developed and developing nations are huge markets for pet insurance products and the market is likely to grow on the back of growing number of companion animals and increased awareness of insurance products.

Order a copy of this report at http://www.marketreportsonline.com/contacts/purchase.php?name=357130.

The UK, the US and Japan are major pet insurance markets globally. The market is expected to grow in other areas of the world in upcoming years. The growth of the segment is driven by rising pet ownership globally, associated health benefits of pet ownership and expected high potential from under-penetrated pet market around the world. However, factors such as high price of pet insurance policies, lack of awareness and government regulation are posing challenge to industry’s growth. Major trends prevailing in the market consists of mergers and acquisitions in the US market and increasing private equity transactions in global pet insurance industry.

List of Tables

Table 1: Global Pet Insurance History

Table 2: Companion Animal Populations in the US and the main European Markets (2013)

Table 3: Number of Households in the US that Owns a Pet (Millions), 2013-14

Table 4: Mergers & Acquisitions in Pet Health Insurance Market, 2008-13 (US$ Millions)

Table 5: Private Equity Transactions in the US Pet Insurance Industry

Table 6: Comparison of Key Players of Pet Health Insurance in North America

Table 7: Global Pet Insurance Landscape

Table 8: Global Dog Insurance Quotes for Various Companies

Table 9: Global Cat (Mixed Breed) Insurance Quotes for Various Companies

Table 10: Allianz Group Structure – Business Segments and Reportable Segments

Table 11: Pet Insurance Plans of Veterinary Pet Insurance (VPI)

Table 12: Wellness Coverage Plan for Veterinary Pet Insurance (VPI)

Related Reports on Pet Food Market:

Global Pet Food Market: Trends & Opportunities (2014-19) at http://www.marketreportsonline.com/322867.html.

The 2013-2018 Outlook for Small Pet Food in Greater China at http://www.marketreportsonline.com/254487.html.

Explore more reports on Banking and Financial Services Market at http://www.marketreportsonline.com/cat/banking-services-market-research.html.

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MarketReportsOnline.com is an online database of regional industry research reports, company profiles and SWOT analysis studies for multiple industries, organizations and market segments. Our sales and research experts offer 24 X 7 supports to our customers through phone and email communication. Not limited to the banking and financial services market, MarketReportsOnline.com offers research studies on medical devices, chemicals, agriculture, environment, biotechnology, agriculture, retail, energy and power, semiconductor and electronics, it & telecommunication, food and beverages, advanced materials, consumer goods, mining & utilities, travel & hospitality, healthcare and much more.