Today’s release of our groundbreaking report, The State of the Medical Marijuana Markets 2011, is generating quite a bit of interest from the press. So far we’ve received coverage from the Wall Street Journal, CBS News, Portfolio, the Atlanta Journal Constitution, as well as the Huffington Post. Here’s a sample from the HuffPo article:
Medical Marijuana Stiff Competition For Viagra
WASHINGTON — The fast growing medical marijuana trade is on pace to eclipse the market for Viagra, the first sophisticated analysis of the industry found in a report out Wednesday.
Medical marijuana sales will total $1.7 billion in 2011, just $200 million less than sales for Viagra, Ted Rose, the study’s author, said in a conference call with reporters. The industry has ballooned since the Obama administration declared that it would not raid pot shops as long as they were acting within state law.
We’ve worked hard to put this data together, and it’s exciting to see so much interest in the report.