This 20-Year Marijuana Study Could Blaze a Trail That Supporters Have Been Waiting For
The marijuana industry is blossoming, and 2016 could wind up being its best year yet in a number of ways.
Marijuana keeps expanding despite federal inaction
Since California first approved Proposition 215 in 1996 to provide certain patients with medical marijuana on the basis of compassionate use, the marijuana industry has been trudging forward. Today, two dozen states have approved medical marijuana, while another four, along with Washington, D.C., have legalized the use of marijuana for recreational purposes.
State-level marijuana is yielding some incredible sales figures. According to cannabis research firm ArcView Market Research, legal cannabis sales totaled $5.4 billion in 2015, they're expected to hit $6.7 billion this year, and they could well hit nearly $22 billion by 2020 based on a projection that sees the marijuana industry growing at a compounded annual rate of 30%.
Colorado, for example, sold more than $1 billion in legal marijuana (medical and...
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