Legal marijuana sales are predicted to hit $9.7 billion in 2017, a 33% increase over 2016, according to a new report.
The growth is buoyed by new states legalizing marijuana, and sales exceeding expectations in existing markets.
Analysts predict the market to hit $24.5 billion in sales by 2021, despite continued federal prohibition.
The market for legal marijuana is heating up in a big way.
The real opportunity for the legal marijuana industry is to transformtens of billions of dollars already being spent in black market to legal sales, a recent report says
A new report finds that legal cannabis sales will continue to grow year over year. With $5.4 billion in sales in 2015, this year is expected to bring in $6.7 billion and $21.8 billion by 2020.
Legal marijuana was a $700 million dollar industry in Colorado last year, according to a Washington Post analysis of recently-released tax data from the state's Department of Revenue. In 2014, Colorado retailers sold $386 million of...
Legal marijuana is expected to be a $6.7 Billion industry this year. But while the market is relatively new, the tricks for selling are not. Smart companies are looking to score holiday sales with specialty products.