Here Are Boston's First Weed Startups
Startups dealing with marijuana could be positioned to see serious green. Forbes stated that a recent report revealed that legal cannabis sales in the U.S. grew 184 percent last year. For 2015, our country’s legitimate marijuana business was worth $5.4 billion and much of the growth was due to a rise in recreational sales, which went from $351 million in 2014 to $998 million in 2015.
Almost half of our nation’s states now allow medical marijuana, while four of them also permit recreational adult use. More states are possibly warming up to the idea and are contemplating amending their laws that currently bar marijuana. So just imagine how much the pot sector will take off once its legality becomes more widespread.
On AngelList, there are currently almost 450 startups listed as getting a piece of the growing marijuana pie. As one might assume, the vast majority of these...
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