USA Today: "Legal Marijuana Sales Forecast to Hit $23B in 4 Years"

"Dark market scam artists reported to be in 'deep depression' over this news." (kidding)

Link: http://www.usatoday.com/story/money/business/2016/03/20/legal-marijuana-sales-forecast-hit-23b-4-years/82046018/

"The industry is only expected to grow in 2016, particularly if California voters this fall decide to legalize recreational use, according to the newly released 4th Edition State of Legal Marijuana Markets Report from ArcView Market Research and New Frontier, a cannabis-focused data-analysis firm. Much of the increase is attributed to adult use market sales, which hit $1.3 billion last year. By 2020, adult use and medical marijuana sales are expected to reach nearly $23 billion, triple this year."


Comments


[13 Points] None:

This is why it will be legalized soon. It's a bonanza of a market. Big players will be moving in soon


[6 Points] stasis69:

This is just sales too. The total legal marijuana industry is estimated to turn over something like $44 Billion by that time.


[4 Points] None:

[deleted]


[2 Points] None:

Show Me The MONEY!!!!!!!


[1 Points] Iamloghead:

What do you think the excess tax money will go for?


[1 Points] idontdodrugstheydome:

In unrelated news .... Junk fund sales expected to quadruple by the year 2021


[1 Points] _The_Judge:

Anyone know how to invest in cannabis without being an accredited investor? Seems like the opportunities to invest are only available for the rich.


[1 Points] UncleRays:

In my opinion Karl Marx said it best.

Capitalism cannot be stopped until it exhausts itself by reaching all corners of the globe

Marijuana included ;)


[-1 Points] octomarvel:

Making America great again.

=)