Online MR Magazine September 2016 | Page 35

THEDEMOGRAPHI CSFORMEDI CI NAL USESAREDI FFERENTFROM THOSE OFRECREATI ONALPURPOSES t hes e ar e ant i ci pat ed t o pas s t hei rr ef er endumsbas edupon cur r ent pol l i ng. As s umi ng t hes ebal l ot spas s ,t hemar ket s i ze ofl egal i zed cannabi si s ant i ci pat ed t o eas i l y doubl e. At t hat poi nt you have t he maj or i t y of t he West Coast popul at i onwi t heasyacces st o bot h medi ci nal and r ecr eat i onal mar i j uana, and t he s pi l l over ef f ect t o ot her st at eswi l lbes i gni f i cant . “ vi ce”mar ket s . Cannabi smay al s opr ovi dea“ l i f t ”i ns pendi ng t o ot her s egment s . Tr avel , t our i s m, and t he convent i on mar ket ar ei nt er est i ng i nt hi s r egar d. Tr avel and t our i s m cl ear l y pi cked up i n Col or ado as a r es ul t of l egal i zat i on of cannabi s ,buti ti sa st at et hat has al ways been a popul ar t our i st dest i nat i on. Some peopl e may t r avel t o st at es wher ecannabi si sl egali nor der t ocons umet hedr ug,butwoul d Ar e you pr i mar i l yl ooki ng at t heydot hatmor et hanonceor phar maceut i cal mar ket s i st hi sj ust a novel t y ef f ect ? t hen? Woul dt heydot hati ft hel ocal e di d not have ot her s ui t abl e Les l i e Towns end: We ar e at t r act i ons ? And most model i ng t he s ubst i t ut i on i mpor t ant l y, what mar ket var i abl es i n t he s egment ss how t he gr eat est over t hecount er ( OTC) pr opens i t y t o make s uch phar ma s egment . Cur r ent l y t r adeof f s ? i ns ur ance wi l l not pay f or cannabi s ,s ot he maj or i t y of Ret ai l er s ar e of cour s e an t he phar ma mar kett oday i s i nt er est i ng s egment t oo. f or OTC r emedi es t hat you Cannabi sr et ai l er shave had t o woul d pur chas e wi t hout a be ver ys ophi st i cat ed becaus e pr es cr i pt i onbutwoul di nst ead oft her egul at i onsandt echni cal pur chas eatal ocaldr ugst or e. r equi r ement st oevenent ert he Anal ges i cs ar e t he l ar gest bus i nes s . Ri ght now r et ai l er s cat egor y,butt he l astt i me I s el l excl us i vel y cannabi s and count edt her ewer emor et han cl os el yr el at ed par apher nal i a, 1 20 di f f er ent ai l ment s and but becaus et hes es hops ar e sympt oms t hat had s peci f i c out s i de t he mai nst r eam,i twi l l r emedi esavai l abl e. be i nt er est i ng t o s ee what pr oductmi xt heyt akeon.Wi l l But we ar e model i ng a l ot t hey s el ls of t dr i nks , as an mor et han phar ma. We ar e exampl e? Asl ong ast hey ar e al s o l ooki ng at ot her cas honl y bus i nes s es ,t hey wi l l cons umerpackagedgoodst o be mor el i mi t ed i n whatt hey under st ands egment si nwhi ch canr eas onabl yof f er . cons umer s ar e s ubst i t ut i ng di s cr et i onar y s pend f or So whatdo t he demogr aphi cs cannabi s pr oduct s . Obvi ous l ookl i ke? W hats egment ss how exampl eswoul di ncl udeot her t hegr eat estpot ent i alf orus i ng l egal i zedmar i j uana? Les l i eTowns end:Demogr