A decade ago, marijuana would have been considered something of a taboo topic. Today, it’s perhaps the fastest-growing industry in the country.
According to Marijuana Business Daily‘s newest report, “Marijuana Business Factbook 2017,” legal U.S. weed sales are expected to jump 30% in 2017, another 45% in 2018, and reach $17 billion by 2021. The five-year growth between 2016 and 2021 is projected at approximately 300%!
On an individual state basis, Colorado has thus far led the charge. Data from the state showed just over $1.3 billion in combined recreational and medical-cannabis sales in 2016, up from $996 million in 2015, with the state nearing $200 million in tax revenue collected. Once California begins selling recreational pot in 2018, it could be on track to receive $1 billion in additional tax revenue per year.
At the heart of