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Interesting....
U.S. Legal Pot Sales To Hit $8 Billion A Year In 2018: Report
http://www.huffingtonpost.com/2014/04/11/marijuana-industry-8-billion_n_5133863.html
U.S. Legal Pot Sales To Hit $8 Billion A Year In 2018: Report
Combined sales of legal recreational and medical marijuana in the United States is projected to reach more than $8 billion in 2018. That's according to a new report by Marijuana Business Daily citing data from the Marijuana Business Factbook, which forecasts that the 2018 retail marijuana industry could see an estimated $7.4 to $8.2 billion in sales.
The projection is based on sales estimates from the state-legal medical and recreational marijuana markets that already exist, as well as 4-5 additional states that are expected to legalize recreational marijuana and 2-3 states expected to legalize medical marijuana by 2018.
Currently, there are 20 states with legal medical marijuana. Colorado and Washington have both legalized recreational marijuana and about a dozen other states are expected to legalize marijuana in some form in the coming years.
“This total is conservative –- the reality of retail sales could be larger,” Chris Walsh, editor of CannaBusiness Media, the publisher of both the Factbook and Marijuana Business Daily, said in a statement. “Nor does it include wholesale cannabis sales, or the billions of dollars in ancillary cannabusiness revenues such as growing equipment, real estate, legal fees, testing labs, paraphernalia, etc.”
http://www.huffingtonpost.com/2014/04/11/marijuana-industry-8-billion_n_5133863.html