You are here

Home 🌿 Marijuana Business News 🌿 Legal Cannabis Industry Projected to be Worth $40 Billion in Near Future 🌿

Legal Cannabis Industry Projected to be Worth $40 Billion in Near Future

Submitted by Marijuana News on Sat, 04/25/2015 - 17:10

Marijuana Industry Worth More than the NFL & Organic Food Industries

As noted in a recent article for Seattle Weekly, "According to ArcView research, an estimated $2.7 billion of legal [cannabis] was sold in the U.S. last year (a 74 percent increase from the $1.5 billion in 2013).  Sixteen million Americans admitted to having fired up in the last month.  As the ranks increase, the industry is projected to grow to $10.8 billion by 2018, and $40 billion by 2020, making it bigger business than the NFL or the organic food industry."

Various other articles and studies agree. A piece for International Business Times comes close to the same amount when citing the ArcView statistics, noting that the legal cannabis industry “could be worth between $20 billion and $35 billion within the next five years, by some estimates."

Now that we know exactly how big the industry can get, let’s get involved, stay active,...

Rate this article: 
Region: 
United States

This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.


URL: 
http://ireadculture.com/article-5544-legal-cannabis-industry-projected-to-be-worth-%2440-billion-in-near-future-worth-more-than-the-nfl-organic-food-industries.html

420 Intel is Your Source for Marijuana News

420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.

420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.

Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.

You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.

Â