NEW YORK, August 2, 2017 /PRNewswire/ —
According to a report by New Frontier Data, the legal cannabis market is projected to grow. In 2017, medical cannabis sales are forecast to reach $5.3 billion or accounting for 67% of total cannabis sales. By 2025, medical sales in currently legal states are forecast to grow to $13.2 billion, at which point medical sales will account for 55% of all sales. In comparison, adult-use sales in 2017 are forecast to reach $2.6 billion, and rising to $10.9 billion by 2025. The state of California is projected to play a major role in this market. California’s legal industry is forecast to grow from $2.8 billion in 2017 to $5.6 billion in 2020. SinglePoint, Inc. (OTC: SING), MassRoots, Inc.Â (OTC: MSRT), American Cannabis Company, Inc.Â (OTC: AMMJ), OWC Pharmaceutical Research Corp.Â (OTC: OWCP), General Cannabis Corp.Â (OTC: CANN).