Analysis of zip code level patient statistics
Take a real-live look at the growth of the cannabis industry over time – using zip code-level patient statistics, we’ve been able to understand how quickly Minnesota's Medical Cannabis program has developed and which areas have seen the highest demand.
Minnesota’s program grew from around just 900 patients in July 2015 to nearly 15,000 in January 2019 (the beginning of this year). That represents an impressive 120% year-over-year growth (or 7% month-over-month). The distinction of highest-demand zip code goes to Apple Valley (zip code 55124), a suburb of Minneapolis, with 168 patients located there alone. This is unsurprising: as the figure below shows, patient growth has been fastest in and around major metropolitan areas.
Growth of Minnesota Medical Patients
Ultimately, our data allows clients to answer their most important business questions in a fast-changing industry, using a detailed understanding of demand to optimize store locations and to select new markets to enter.
Looking to use data to supercharge your growth? Check out CannaRadar, our proprietary sales software, or get in touch to discuss bespoke analytics solutions for your business.