marijuana-1281542_960_720

The Green Rush: Legal Cannabis Sales Up 34%

The legal marijuana industry is already booming in North America, and it’s only expected to increase even more this year. According to research by ArcView, North American consumers spent $6.9 billion on legal products last year, up 34% from 2015.

 

Very few consumer industry categories reach $5 billion in annual spending and then post anything like 25% compound annual growth across the following five years. [ArcView]

ArcView believes the legal market will only expand in the coming years, projecting it will grow to $21.6 billion by 2021. This graph highlights spending in North America:

Screen Shot 2017-01-18 at 1.34.27 PM

 

With legalization looming in Canada, the ‘green rush’ is going to continue!

 

 

 

 

 

Leave a Reply

*

Be sure to include your first and last name.

If you don't have one, no problem! Just leave this blank.