Legal and Medical Cannabis Sales Projected to Grow as More …

NEW YORK, September 12, 2017 /PRNewswire/ —

According to a report by New Frontier Data, medical cannabis sales in 2017 are forecast to grow to $5.3 billion, which is 67% of total cannabis sales. The report projects that by 2025, medical sales in current legal states are forecast to grow to $13.2 billion, which will account for 55% of total cannabis sales. Adult use sales in 2017 are forecast to reach $2.6 billion, or rising to $10.9 billion by 2025. New Frontier also indicates that legal cannabis sales in California alone are projected to reach $2.8 billion in 2017 and $6.6 billion by 2025, with a compound annual growth rate of 12% over the next eight years. Medical cannabis products are now legal in 29 states and Washington DC. Global Payout, Inc. (OTC: GOHE), Medical Marijuana, Inc. (OTC: MJNA), Terra Tech Corp. (OTC: TRTC), OWC Pharmaceutical Research Corp. (OTC: OWCP), CV Sciences, Inc. (OTC

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