Viewing entries tagged with 'marijuana industry'
The legal marijuana market is one of the fastest growing industries in the world. According to the 2016 report released by New Frontier and ArcView Market Research, “2015 was a watershed year.” Legal sales of the coveted plant were US$5 billion in 2015, and they will grow 25% this year to reach $6.7b. The report projects that the legal market will be worth a whopping US $22b by the year 2020.
As the world watched Tuesday night’s US election results roll in, there was more than one major surprise in store. Not only did the underdog presidential candidate win the nation’s top office, but Marijuana became legal to purchase in eight more US states, quadrupling the number of US citizens who could legally get high for recreational purposes.