Chart of the Week: Arizona’s Medical Marijuana Market Gaining Steam
By Becky Olson
Business is booming for medical cannabis companies in Arizona.
Aside from a 33% surge in patient numbers during the first 10 months of the year, dispensaries are on pace to sell more than 586,000 ounces of marijuana in 2015 – an increase of over 80% from 2014, according to data from the state.
A March 2014 legal ruling that paved the way for the sale of cannabis oils and other concentrates, along with the addition of post-traumatic stress disorder to the qualifying condition list earlier this year, have helped fuel the growth.
The edibles market has also been gaining traction.