Legal Marijuana Sales to Hit $22 Billion by 2020

[Robrites]

The legal sales of pot will reach $21.8 billion in 2020, up from $5.4 billion last year. The legalization of marijuana has and will spread rapidly from state to state. The data from a new report titled “The State of Legal Marijuana Markets” explain that part of the forecast has as a foundation the sales in Colorado and Washington, where pot use for medical and recreational use is already legal. The research shows that the rise will be rapid year by year:

Demand is expected to remain strong in 2016 with legal markets projected to grow to $6.7 billion, a 24% increase over 2015
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The huge majority of the rise in sales will be due to recreational use, which was only 8% of the market in 2014 but is anticipated to be 53% in 2020.
State legalization may be still expanding by the time a national law is passed to legalize marijuana use nationwide. This will leave states that have not supported legalization in a quandary. The report forecast:

Majority support for legalization is fueling a national policy shift The industry’s continued expansion was matched by equally strong growth in popular support for cannabis legalization nationally. According to Gallup, 58% of Americans now support legalization of cannabis for adult use, up from 36% in 2005; a separate poll by Harris found 81% of Americans support legalization for medical use.


http://247wallst.com/consumer-products/2016/02/05/legal-marijuana-sales-to-hit-22-billion-by-2020/
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[WaittillIdie]

Choke on the money.

Bunch of lying, thieves. It may take 10-15 years for the rest of the states to catch up to the legal states. Not a huge fan of what the legal states have done the past few years, with the way the Cannabis industry has now been hijacked with those who have money and connections. Peoples dreams are dead who wanted to start up a cannabis business 25 years ago in favor of those who now can do it. Prohibition went on for so long it now favors those who have the means to do it. So in other words 80 years of prohibition was the deciding factor? What a farce this all is.

Where is the legalization in all 50 states at once to grow 1,000 plants on your property law at?