Legal Marijuana Sales Soar as Industry Takes Root
Five years ago, it would’ve been unimaginable to think that marijuana – legal marijuana, in particular – would be one of the hottest and fastest-growing industries in the United States. And yet, with only a handful of states having implemented legalization laws, here we are. Marijuana sales are blowing up, thousands of jobs are being created, and it seems almost inevitable that prohibition is going to fall nationwide in the near future.
Of course, that last bit is speculative. But the numbers are hard to ignore. And when an industry is showing a 184% increase in sales year over year, both business and political leaders are going to start paying attention.
That figure is one of only several eyebrow-raising numbers from the 4th edition of the State of Legal Marijuana Markets report, released annually by ArcView Market Research and New Frontier, a data and analytics company. The report, which...
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