The marijuana industry is growing like a weed. Pardon the corny pun, but it’s the truth, regardless of which source you prefer.
ArcView, a leading cannabis research firm, suggests that the legal cannabis market in North America could to grow by 26% a year through 2021 to almost $22 billion. Meanwhile, Marijuana Business Daily‘s newest report, “Marijuana Business Factbook 2017,” expects legal U.S. sales to soar by 45% in 2018, likely as a result of California opening its doors to legal recreational weed sales. Investment firm Cowen & Co. has taken things even further by calling for a $50 billion U.S. market by 2026. Such a scenario likely assumes full legalization at the federal level.