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Marijuana Biz to Generate $8 Billion in Sales in Three Years, Study Predicts

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Submitted by Marijuana News on Tue, 05/12/2015 - 08:00

Master P and Silkk The Shocker aren't the only ones looking for weed to make money anymore.

Marijuana is legal for adult use in two states and available to medical patients in almost half the country, and legal sales generated over $2 billion in 2014. But a regulated pot industry could unltimately generate $45 billion annually if marijuana is legalized nationally, according to an industry study published earlier this month.

Marijuana Business Media surveyed over 1,000 cannabis businesses and investors across the country for the 2015 edition of its Marijuana Business Factbook — an extensive annual report on the legal pot industry. As a result of that survey, MBM is predicting that the legal pot industry could produce $8 billion in sales by 2018 — a year later than it previously forecast — depending on states' legalization efforts. But the slower growth doesn't seem to be Colorado's fault:...

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http://www.westword.com/news/marijuana-biz-to-generate-8-billion-in-sales-in-three-years-study-predicts-6696912

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