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And despite the still high prices of Viagra. Or maybe because Viagra still is so expensive that many cannot afford it?  In the US, there still is no generic Viagra (Sildenafil Citrate) for sale.

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. The study only focused on transactions, ignoring ancillary businesses that serve the industry, such as insurance companies, law firms, public affairs companies or hydroponic equipment makers.

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.

The significance of the industry was demonstrated by the list of news outlets on the conference call, which included reporters from CNN Money, Dow Jones, The Associated Press, Fox News and Portfolio.

The report was produced by See Change Strategy and is targeted to medical marijuana businesses, which can purchase the full report for $1,150. An executive summary was made available at MedicalMarijuanaMarkets.com. [...]

Roughly three-quarters of the trade is done in California, the report found, with much of the rest done in Colorado, meaning there is tremendous room for growth in coming years. The market will reach $8.9 billion within five years, the report found, barring a policy reversal from the federal government.

Medical Marijuana Market On Pace To Eclipse Viagra

Related articles

• Cannabis: Gaining On Viagra (andrewsullivan.theatlantic.com)
• Medical pot ranks as blockbuster drug (msnbc.msn.com)
• Sales of Medical Marijuana Reported to Rival Those of Viagra: Who Knew? (biojobblog.com)
• Medical Marijuana for Vets? (vabenefitblog.com)