What's The Difference Between Medical And Recreational Cannabis Users? New Survey Reveals Market Trends
Cannabis consumption provides medicinal benefits, even when deemed recreational. Whether for pain, stress, anxiety or sleep, consumers' motivations often overlap across both categories.
Recent research from New Frontier Data looks at how these motivations blur traditional distinctions between medical and recreational marijuana use, challenging perceptions about their differences.
As the cannabis industry grows, this overlap becomes even more significant. Investors who understand these shifting behaviors and evolving legal frameworks in each state will be best positioned to capitalize on the next wave of growth opportunities.
New Frontiers For Cannabis
The study surveyed 3,868 U.S. cannabis consumers, asking them to classify their use as medical, recreational, or both. It analyzed consumption patterns, demographics, and spending habits, offering key insights into what drives different types of users.
This data sheds light on consumer behavior and its impact on market trends.
States like Ohio have already transitioned to recreational cannabis, while Florida, is poised for legalization in 2024 if a ballot initiative is approved. Arkansas, Nebraska, South Dakota, and North Dakota are also advancing ballot initiatives. Pennsylvania and Wisconsin are pushing forward despite political challenges.
States like Ohio have already transitioned to recreational cannabis, while Florida, is poised for legalization in 2024 if a ballot initiative is approved. Arkansas, Nebraska, South Dakota, and North Dakota are also advancing ballot initiatives. Pennsylvania and Wisconsin are pushing forward despite political challenges.
Gender Differences And Consumer Behavior
According to the survey, women make up 46% of the cannabis consumer base and are more likely than men to use cannabis solely for medical purposes. However, both genders report similar rates of recreational use.
Additionally, home growers, though representing a minority at 54% of non-growers, are significantly more likely to use cannabis for both medical and recreational purposes.
"Market type is significantly correlated with self-identified consumer type. It is interesting to note that, even in medical-only markets, 27% of consumers consider themselves recreational only," reads the report.