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Medical Marijuana

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Medicinal Marijuana
The green rush flooding across America today is the marijuana industry. An old product, yet still in its infancy stage is the plant that has been flooding the news with its high profits, both beneficial to patients and governments alike. These marijuana plants when used for their medicinal properties can be a major prospect, especially in the eyes of investors and entrepreneurs.
The Market
Marijuana has been around for ages, as long as man can remember. This plant has been a symbol of freedom, power, and also belligerence amongst all ages around the world. Until recent years has become mainstream in the media displaying high industry growth potential with the sheer amount of demand, and crazy margins.
Competition
The medicinal marijuana market is purely competition. There are so many strains (types) of this plant, that it has simply become user preference. Leafly, which is the world’s largest cannabis information resource, has registered over 1,800 unique strains alone. There are still large amounts of hidden strains yet to be found around the globe. There are several smaller markets within this industry that are monopolized in a sense. Due to the fact that this is a new market, there are constantly new products coming out, especially with the amount of current black market products that have surfaced over the years.
Market Elasticity
The elasticity of the medicinal marijuana market is pretty standard with basic economics, and the law of supply and demand. The majority of the market is considered taboo when openly talking about marijuana, however when it comes to medicinal usage, it becomes another topic. Both medicinal and recreational markets have been affected by the insane growth of the industry. Everyone wants a share and they’re willing to do anything to get in. Recreational marijuana isn’t as bad as medicinal. The reasoning behind

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