Chances are that it would be difficult to find an industry growing faster and more consistently than the legal marijuana industry. In the U.S., according to estimates from Marijuana Business Daily ‘s newest report, “Marijuana Business Factbook 2017,” legal weed sales are expected to catapult higher by 45% in 2018, likely as a result of California opening its doors to recreational pot sales. By 2021, the U.S. cannabis market is expected to be generating $17 billion in annual sales, a roughly 300% increase from what it was producing in 2016.
It’s not hard to understand why marijuana has become such a hot commodity in the U.S., either. A number of recent surveys have all led to the same conclusion: The American public wants pot legalized . Nearly two-thirds of respondents in Gallup’s October 2017 poll favored the idea of legalizing cannabis nationally, with 94% of respondents in an August 2017 survey from the independent Quinnipiac University favoring the legalization of medical cannabis. Presumably, as these support figures move higher, so will legal cannabis sales — and the pressure put on […]