This chart shows why it's a great time to invest in marijuana
It may seem odd that a drug that is still illegal in most parts of the world can have an annual report, but Marijuana Business Daily have produced exactly that — and all signs point to a massively growing economy.
The US cannabis industry "will pump up to $44 billion (£31 billion) annually into the country's economy by 2020, if current business and legalisation trends continue" the report says. This is more than double the $14-17 billion impact it currently has.
Ancillary revenues include licensing fees, taxes, marijuana tourism, employee spending, job creation and growth in real estate prices in a community.
Marijuana sales themselves will grow to $3.5-$4.3 billion in 2016, up more than 20% from last year, "and that's just the tip of the iceberg," the report adds.
The report estimates that "sales will climb to as much as $8 billion in 2018, when states that legalize this...
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