Number of medical cannabis patients more than quadrupled by 2020 from 2016: Study


The number of people with medical cannabis licenses in the U.S. rose to 2.97 million in 2020 from 678,408 in 2016, according to a study of state data published this week in the Annals of Internal Medicine. The most common qualifying condition reported by patients in 2020 was chronic pain (60.6%), with posttraumatic stress disorder (10.6%) a distant second. While enrollment decreased in states with adult use cannabis markets, total enrollment in medical cannabis grew by 4.5 times between 2016 and 2020, the study said. The AdvisorShares Pure US Cannabis ETF MSOS, +0.47% rose 0.3% on Friday, but is down 53.7% so far this year.

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