The cannabis industry in the United States has unique requirements,
and presents distinctive opportunities, when it comes to video
surveillance systems. Currently a roughly $13.6 billion industry, the
cannabis market is enjoying a compound annual growth rate (CAGR)
of around 30% and is on track to be a $30 billion industry by 2025.
Cannabis is fully legal in 11 states and the District of Columbia. It is legal
to some extent, either for medical uses and/or now “decriminalized,” in
33 states (including use of non-psychoactive CBD oil in some states).
“As more and more states become legal, there will be a quick jump in
market growth,” comments a Hikvision spokesperson who guides the
cannabis industry initiatives for video system company Hikvision USA. “It is
still in its infancy. There is a lot of growth and investment, and more
opportunity in the market.”