Just last year marijuana sales reached $5.7 billion. Colorado, Oregon, Washington, and Washington, D.C. legalized adult recreational use. This list does not include the 23 other states that allow some form of medical use.
Keep in mind that these companies across the United States are largely operating without a bank account, since the federal government still considers cannabis a schedule 1 drug banks shy away from any connection to them.
More from USA Today
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 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.
The post Marijuana sales to top $23B in 4 Years appeared first on Potbox.
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by Austin Heap at Potbox
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