Legal Sales of Marijuana to Hit $6.7 Billion This Year

- February 1st, 2016

Fortune reported that legal marijuana sales jumped 17 percent to $5.4 billion in 2015. Sales are expected to rise another 25 percent in 2016.

Fortune reported that legal marijuana sales jumped 17 percent to $5.4 billion in 2015. Sales are expected to rise another 25 percent in 2016.
As quoted in the publication:

The numbers are staggering, considered the first recreational dispensaries opened for business in Colorado only two years ago.
On Monday, ArcView Market Research will release its fourth edition of The State of Legal Marijuana Markets report, and it includes the prediction that the legal cannabis market will see a whopping $21.8 billion in total annual sales by 2020. (By comparison, at that point, the legal marijuana market could be bigger than the National Football League, which saw roughly $12 billion of revenue last year but is aiming to reach $25 billion by 2027.)

Click here for the full article.

 

Cannabis - Will The Fortune 500 Join The Party?

 
Our Exclusive FREE Report Contains Information You NEED To Know About Cannabis Stock Investing!
 

Get the latest Cannabis Investing stock information

Get the latest information about companies associated with Cannabis Investing Delivered directly to your inbox.

Cannabis Investing

Select None
Select All

Leave a Reply