How much was the legal weed business worth in 2017? About $10 billion.
Legal weed sales in North America are projected to hit $10 billion by the end of 2017 — a 33 percent increase from 2016, according to a new report from cannabis industry analysts at Arcview Market Research.
“Aside from cryptocurrency, there is simply no other industry changing as rapidly or as unevenly as the cannabis sector,” said Arcview CEO Troy Dayton.
Sanctioned pot sales are likely to skyrocket even more in 2018 due to the spread of legalization across the nation.
Marijuana is still illegal at the federal level, but 29 states and Washington, D.C., have legalized some form of the drug for medical or recreational use.
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