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Home 🌿 Recreational Marijuana News 🌿 Americans spent more on legal pot in 2015 than on Cheetos, Doritos 🌿Americans spent more on legal pot in 2015 than on Cheetos, Doritos
That means Americans spent more on legal marijuana in 2015 than they did on some of the country’s most popular munchies, as reported by The Washington Post.
In fact, legal pot sales in the U.S. topped the combined sales of Doritos, Cheetos and FUNYUNS in 2015, which market research firm Euromonitor estimates totaled $4.9 billion.
Last year’s sales figures show the legal marijuana market jumped by 17 percent in the United States from 2014.
Industry analysts predict continued growth, with sales figures projected to reach $6.7 billion in 2016. By 2020, the firm predicts America’s legal marijuana market will reach $28.1 billion, according to a Fortune report.
“It is undeniable that cannabis is one of the fastest growing industries in the U.S.,” New Frontier CEO and Founder Giadha DeCarcer told Forbes. ”With nearly a dozen states debating changes to their cannabis laws in the coming year, 2016...
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