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Home 🌿 Marijuana Business News 🌿 Colorado Sees 93% Increase In Marijuana Sales Between 2014 And 2015 🌿

Colorado Sees 93% Increase In Marijuana Sales Between 2014 And 2015

Submitted by Marijuana News on Mon, 04/04/2016 - 08:44

New Frontier, the cannabis Big Data and analytics authority, in partnership with ArcView Market Research, the leading publisher of cannabis market projections and information, has released the 4th edition of the State of Legal Marijuana Markets, which shows that the legal cannabis industry is one of the fastest growing industries in America with a compound annual growth rate of 31%. The official 2015 ArcView market estimate is $5.7 billion, up from $4.6 billion in 2014.

Colorado has witnessed tremendous growth with a 93% increase in sales between 2014 and 2015. By the end of 2016, the market is expected to grow another $500 million to over $1.5 billion.

“Colorado is the most advanced cannabis market in the country. The state has been a case study for other jurisdictions debating if and how to legalize cannabis. Colorado’s refinement of their marijuana business regulations have helped to push the state’s legal cannabis...

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Johnny Green
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