Cannabis Outlook 2017: Legalization on the Horizon
The Cannabis industry soared in 2016 in the US and Canada. Here's an outlook for what's in store for the market in 2017.
It goes without saying that the cannabis industry reached a new high point in 2016. The US voting in favor of legalization (in four states) on November 8, and the Canadian government releasing its task force for recreational use of marijuana on December 13 were certainly two of the year’s biggest moments.
Looking ahead, there is indeed a lot to look forward to in the cannabis sector that goes beyond 2017’s expectations. For starters, the cannabis market was expected to jump over $6.7 billion in the US during 2016, and it’s only expected to increase from there. By 2020, cannabis sales in the US are expected to grow to $21.8 billion.
The story is similar in Canada: according to the Globe and Mail, there are currently 26 marijuana...
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