Cannabiz Media’s Marijuana Licensing Reference Guide: 2017 Edition includes a full chapter about the conditions that qualify for medical marijuana across the United States. Now, the entire chapter can be viewed in the March 2017 edition of Marijuana Venture magazine and on the Marijuana Venture website.
Marijuana Venture is an award-winning national magazine sold in major bookstores across the country. Written by a team of attorneys, accountants, and other business professionals, it’s the only monthly B2B trade magazine dedicated to the marijuana industry. The goal of the magazine, which debuted in 2014, is to help marijuana-related business owners operate profitably and in compliance with state laws. Cannabiz Media is proud to be included in this month’s issue.
The Effect of Qualifying Conditions on the Marijuana Industry
Before you read the chapter on the Marijuana Venture website, it’s important to understand that qualifying conditions is just one factor that can directly affect the marijuana industry in a state. In the Marijuana Licensing Reference Guide: 2017 Edition, Cannabiz Media identifies five key factors to consider:
- Trickle-down effect
- Innovation and growth
In the full Guide, each of these five factors is evaluated in 10 areas where rules and regulations play the biggest roles in marijuana license and business growth potential:
- Mandated operating license and financial structures
- Taxes and licensing fees
- Covered (and uncovered) conditions
- Caregiver and patient cultivation
- Access to minors
- Reciprocity among states
- Marketing regulations
- Product regulations
- Possession limts
- Local Rules
5 Key Things to Know about Medical Marijuana Qualifying Conditions
As you read the chapter from the Marijuana Licensing Reference Guide: 2017 Edition in Marijuana Ventures magazine, you’ll learn five key things related to medical marijuana qualifying conditions:
- 57 qualifying conditions had been approved for marijuana treatment across 26 states and Washington, D.C. at the time of publishing.
- On average, most states cover 12-15 conditions.
- Four qualifying conditions account for the vast majority of medical marijuana recommendations from doctors: chronic pain, muscle spasticity, spinal cord injuries, and post-traumatic stress disorder (PTSD).
- The majority of medical marijuana patients across the country (59%) received medical marijuana recommendations for chronic pain.
- On average, only 0.86% of the populations in states that have approved medical marijuana are accessing it or are registered to access it to treat their conditions.
In other words, just because a state covers a long list of conditions doesn’t mean more patients will access medical marijuana. If a state doesn’t cover one or more of the four qualifying conditions for which most patients receive their medical marijuana recommendations from doctors, then the penetration rate in that state will likely be low. Furthermore, with an overall penetration rate of less than 1%, this is an industry with a lot of growth ahead of it.
It’s also important to note that all of the data in the chapter republished in Marijuana Venture comes from the Cannabiz Media Database and primary sources including state laws, regulations, and administrative codes. Also, some things have changed since the 2017 edition of the Marijuana Licensing Reference Guide was published. Several states have added new qualifying conditions and others have passed laws to allow medical marijuana. However, the vast majority of the information about qualifying conditions included in the Guide is still accurate.
Just follow the link above to read the full chapter or get a copy of the complete Guide here. And of course, if you need the most up-to-date information on the marijuana industry, including qualifying conditions, check out the Cannabiz Media Database.