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Home 🌿 Marijuana Business News 🌿 GreenWave Advisors Increases US Marijuana Industry Forecast To $25 Billion By 2020 🌿GreenWave Advisors Increases US Marijuana Industry Forecast To $25 Billion By 2020
GreenWave Advisors, LLC an independent financial research and advisory firm serving the burgeoning cannabis industry, will release the second edition of "The GreenWave Report: State of the Emerging Marijuana Industry – Current Trends and Projections". This report provides an unparalleled state by state review and analysis of market dynamics in the legalized U.S. marijuana markets and provides an outlook for industry growth through 2020.
Taking into consideration the outperformance of recreational use product sales noted in Colorado and Washington and the analysis of other regulated markets, the firm has raised its industry forecast to $25 billion from $21 billion by 2020, and expects current revenues to increase approximately 50% in 2015 to $4.8 billion from $3.2 billion from $3.3 billion in 2014. Separately, the firm maintains its expectation that if marijuana is legally sold in all states and D.C. by 2020, the consolidated market for retail medical and adult use sales...
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