Only 2% Of Americans Over 65 Use Marijuana

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By Douglas A. McIntyre Updated Published
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The boom in marijuana use which has come with legalization has not moved to older Americans. Only 2.1% of people over 65 use pot, according to the National Survey on Drug Use and Health (NSDUH). The pot industry may face a problem as middle-aged Americans reach the traditional retirement period of their lives.

The breakout of marijuana use by age group shows that, for the most part, the younger the person, the more likely he or she will use pot. The NSDUH reported:

As the baby boom generation has only recently begun to reach senior citizen status and as medical and recreational marijuana use is increasingly decriminalized across the country, the proportion of older adults using cannabis could continue to grow and approach rates currently observed in younger age groups, which as of the NSDUH of 2014, were 11.6% of those aged 35 to 49, 20.0% of those aged 26-34, and 31.9% of those aged 18-25.

So, perhaps as middle-aged people become old, pot use among those over 65 will increase.

However, the data could show a potential problem for the recreational marijuana industry, if people do cut pot use as they age. Use of pot among the younger age groups may have hit a cap. And, who is to say that the 31.9% of people aged 18-25 who use pot will continue to consume at that level as they move into middle age?

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There may be some hope for the pot industry, however, because the use of marijuana for medical problems could increase among the elderly. The Alcohol & Drug Abuse Institute of the University of Washington reports:

 Along with aging come physical changes, including hearing impairment, vision changes, slowed reaction time, susceptibility to falls, and cognitive decline. Aging also entails the development of age-related health problems, such as cardiovascular disease, diabetes, arthritis, osteoporosis, and cancer. Two out of three older Americans have multiple chronic health conditions, which generally require multiple prescription medications, increasing the risk of adverse drug effects, which can further endanger their health. As cannabis is increasingly seen as benign and a safe adjunct or alternative treatment for age-related health problems, a rising number of older adults may be expected to turn to marijuana for medical in addition to recreational purposes.

So, can medical use overcome the tendency of older Americans to shy away from pot use for recreational purposes?

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Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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