Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Veriheal’s 2023 Cannabis Industry Report: Analyzing Market Stats and Consumer Trends

Veriheal, health-tech industry frontrunner, released its latest cannabis statistics report which includes consumer insights and industry projections for the next five years.

The 2023 report is the first to analyze surveys completed dating back to the company’s inception in 2017. The result paints a comprehensive picture of the health goals and preferences of a staggering 1.75 million U.S. medical cannabis patients.

Projections from the 2023 report illustrate the scale of global cannabis usage, with an estimated 35.73 million users, 23.56% of whom engage in daily cannabis use. This data forecasts continued growth in the medical and recreational cannabis markets. The global cannabis market is estimated to achieve a revenue of US$51.27 billion in 2023, ultimately pointing to a market size of approximately US$102.90 billion by 2028.

The findings of the report underscore the cannabis industry's dynamic and evolving landscape, characterized by emerging economic opportunities, growing considerations for health and wellness, and an increased need for well-balanced regulatory frameworks.

“Our cannabis report isn’t just numbers – it’s a roadmap,” said Adam Doty, Chief Technology Officer at Veriheal. “It guides towards a more informed perspective on using cannabis for wellness and enables us to envision a future where the impact of cannabis extends beyond revenue.”

For a deep dive into the findings, view the full report here.

About Veriheal

Veriheal is a healthcare technology company that is the largest facilitator of medical marijuana cards in the nation. Its mission is to educate and advocate on behalf of patients and secure their safe access to regulated medical cannabis products. The company has a culture of open communication and transparency with its clients and operates as a concierge service to ensure HIPAA-compliant connections between patients and physicians via its proprietary platform. Visit veriheal.com for more information.

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