November 21, 2012

Latest Arizona Medical Marijuana Market Data: 33,601 Active Card-Carrying Cannabis Patients

azflag

Arizona entrepreneurs planning to open dispensaries in the near future will have a sizable market to tap.

Nearly 34,000 patients have active MMJ cards in the state as of Nov. 7, according to the latest data by the Arizona Department of Health. That’s a relatively large base of potential customers, amounting to an average of 307 patients for each of the 97 dispensary finalists recently selected by the state.

Some medical marijuana states have a higher ratio of patients to dispensaries, which ostensibly creates a better business climate for MMJ centers. But the numbers aren’t representative of the actual customer base, as many patients grow their own rather than buy from licensed dispensaries.

In Arizona, on the other hand, the opening of dispensaries will trigger laws that prevent most residents from growing their own marijuana. The bottom line: The vast majority of Arizona’s 34,000 qualified patients will have to turn to dispensaries for cannabis.

aznumbers2 Latest Arizona Medical Marijuana Market Data: 33,601 Active Card Carrying Cannabis PatientsLast week, local officials approved the first dispensary in the state, a huge step for the fledgling program. The center – called Arizona Organix – hasn’t set an official opening date, saying that it might be weeks or months away. Arizona officials will likely approve more dispensaries in the near future, meaning we could see the industry really take off by early next year (though much of it will depend on a crucial court case that could derail the entire program).

Here are some other stats about the customer pool in Arizona:

– More than a quarter of qualified patients (or 9,118) are female.

– Just over 26% of patients are between the ages of 18 and 30, followed by those ages 51 to 60 (21%) and 31 to 40 (21%).

– Chronic pain ranks as the top medical condition, with 90% of registered patients reporting it as a reason for joining the program.

– Gila County has the highest concentration of registrants, with 9.2 card-carrying patients per 1,000 residents, followed by Yavapai (8.7) and Coconino (8.4).

– The state has revoked just one MMJ card through June.

Chart credit: Arizona Department of Health


2 Comments:

  1. A swift climb for AZ compared to NMs 7000

    http://www.indiegogo.com/nelsonproject

  2. it’s the big growers who voted against mmj that seems to be a recent problem. like the moonshiners of the past they too dont want taxation or regulation to cut their profits. with the mmj being legal prices should follow a downward curve again not to the desire of the BIG GROWERS!

Post Your Comment:


Please note:
Comments are moderated by our editors who do their best to approve comments ASAP. As Marijuana Business Daily is focused on business, we approve comments that are specifically relevant to industry professionals. General opinions and questions about cannabis may not be posted.

150K Pounds of Legal Marijuana Sold in CO Last Year

Dispensaries and retail cannabis stores in Colorado sold nearly 150,000 pounds of marijuana flower last [click to continue...]

Medical Cannabis Demand Outweighing Supply in DC

supply and demand

Recreational marijuana has dominated headlines out of Washington DC this week, as the use, possession [click to continue...]

Another Lawsuit Over MMJ Licensing Process in Illinois

A company that got turned down for one of the Illinois’ 21 medical marijuana cultivation [click to continue...]

MJ Financial Services Firm Secures $2M Investment

A financial services firm that plans to serve the cannabis industry has secured $2 million [click to continue...]

Alaska’s Largest City Enacts MJ Concentrates Rules

Alaska

Alaska marijuana entrepreneurs who want to specialize in infused products or extracts will have to [click to continue...]

Washington DC Mayor Seeks to Ban ‘Cannabis Clubs’

With private marijuana use on track to become legal in Washington DC on Thursday barring [click to continue...]

Evicted MMJ Grower Wants Same Legal Protections as Farmers

Oregon is facing an interesting question tied to its medical marijuana law: Should evicted cannabis [click to continue...]

Report: Outlook for MJ Stocks Strong, But Many Could Stumble

cannabis stocks

Institutional investors will put money into cannabis stocks this year, though many publicly traded MJ [click to continue...]

Alaska Governor Seeks Marijuana Industry Oversight Board

Alaska Gov. Bill Walker has sent a bill to state lawmakers calling for the establishment [click to continue...]

Canadian Stock Regulators: Risk Disclosures Lacking

Canadian stock regulators have a word of warning for those investing in MMJ companies north [click to continue...]

Minnesota Medical Cannabis Workers Join Union

UFCW

At least half of Minnesota’s medical marijuana dispensaries will be unionized. The United Food and [click to continue...]

Kosher Medical Cannabis Certification in New York?

Dispensary owners in New York may have a niche customer base to tap when they [click to continue...]

U.S. Investment Fund Inks Another Deal With Canadian Grower

A U.S. investment fund has cemented its second deal with a Canadian cannabis grower this [click to continue...]

Some San Jose Dispensaries Refusing to Pay Tax

cannabis taxes

Dispensary owners in San Jose, California, are in a dispute with the city over unpaid [click to continue...]