STATUS

The legal aspect of medical marijuana and its application within several states is dynamic. Laws are in effect for 15 states currently, allowing for use of cannabis products for a variety of chronic and dibilitating ailments ranging from cancer to muscle spasms. 11 more states have laws in effect for the effective use of cannabanoids (CBDs) along with controlled/low doses of the psychoactive component, THC. Beyond these current laws, there are an additional eight states which have passed positive laws for medical marijuana, which are not yet operational. Most legal experts in this field expect several of the remaining states to join the movement by 2016.

FEDERAL
  • 34 states plus the District of Columbia have current legislation in place

  • That is more than two-thirds of the American population

  • Potential patients in the U.S. was 24.8 million in 2011

  • There were an estimated 2.4 million users by 2012

  • By 2013, the market had already reached $1.53 billion

  • It's estimated the market potential could reach $10.2 billion by 2019

STATES
  • Estimated revenue in Colorado is $900 million for 2014

  • Colorado topped $6 million in tax revenue for the first two months

  • Estimated tax revenue in Arizona is $142 million for 2014

  • Estimated tax revenue in California is $105 million for 2014

  • Estimated tax revenue in Washington is $295 million for 2014

  • Nevada is accepting ALL out-of-state MMID cards

POLITICAL CLIMATE
  • HR 433: Eliminates marijuana under the Controlled Substances Act

  • 2014, House votes 219 to 189 in favor of budget appropriation

  • No Federal funds can be used for marijuana raids, arrests and prosecutions

  • 40 States are easing drug laws, reducing mandatory minimums

  • By 2013, 60% of citizens support states rights to create their own laws

  • 72% found prohibition cost-ineffective; 52% support legalization

  • 10 pharmaceutical drugs currently on the market, two are FDA approved