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Cultivating Profit: How Will Banks Cope With Canna-Billions Approaching Fast?

Submitted by Marijuana News on Fri, 02/05/2016 - 09:50

A new report titled ‘The State of Legal Marijuana Markets’, published earlier this week, projects a rapid rise in the value of regulated cannabis markets in the US for 2016.

Just how big is the market for legal pot?

A new report by a leading marijuana industry investment and research firm found legal cannabis sales jumped 17%, to $5.4 billion, in 2015 and they will grow by a whopping 25% this year to reach $6.7 billion in total U.S. sales.

Fortune magazine, quoted above, have published a summary of the report, the 4th edition of findings by cannabis economists ArcView Market Research.

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Vice News report that these projections make legal cannabis ‘the fastest growing industry in the United States’. However, there remain problematic discrepancies between banks and the industry, which could temper the heady thrills of ArcView’s report.

While

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