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Home 🌿 Marijuana Business News 🌿 Could These Be The 1st Billion-Dollar Marijuana Companies in the US? 🌿Could These Be The 1st Billion-Dollar Marijuana Companies in the US?
Legal marijuana is reportedly the fastest growing industry in the US. According to cannabis research firm The ArcView Group, the legal cannabis market in the US grew 74% in 2014 to $2.7 billion, an increase from $1.5 billion in 2013.
And with a majority of Americans supporting the legalization of marijuana, legal pot could be a $30 billion industry by 2019. (In Illinois, the medical marijuana industry is just getting off the ground, but experts believe it could take off once more patients can qualify for medical pot).
With more states adopting marijuana-friendly laws and more investors warming to weed startups, there's clearly money to be made in the legal cannabis industry. And eventually, we'll see our first marijuana unicorn.
The industry is so new that it would be impossible to say exactly who will be the marijuana business first to be valued at $1 billion,...
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