With cannabis growing fast in America, it’s expect to hit $44 billion in sales by the year 2020. This figure considers sales and the money that will be go back into the economy. Since cannabis has gained traction, lots of new business have popped up and taken advantage of this new gold rush – wholesale grow operations, product manufactures, news sites, and more.
Just calculating sales of cannabis, last years sales are estimated to be around $3.5 to $4.3 billion, up from $3 billion the previous year. The industry is now looking at the political aspect of cannabis, as it’s still considered illegal by the federal government. If cannabis is rescheduled to a lower drug scheduling by the DEA, this could mean big business to a lot of companies looking to profit in a new frontier.
More from Yahoo
The post In 2020 Cannabis expected to top $44 billion appeared first on Potbox.
from http://ift.tt/24c8rZ6
by Ian Buczkowski at Potbox
No comments:
Post a Comment