U.S. Medical Marijuana Market Estimated at $1.7 Billion

The medical marijuana market has an estimated value of $1.7 billion in the United States—a small market compared to the $234.1 billion United States pharmaceutical market in 2008, and smaller still compared to the $2.34 trillion United States health care market in 2008. The annual black market value for marijuana in the United States is conservatively estimated at $18 billion. There are approximately 24.8 million potential consumers for medical marijuana in the United States today. This estimate reflects the number of Americans with qualifying ailments who live in a current “legal state;” there are 15 . . .