(USA Today) – There aren’t too many industries in this world growing as quickly or as consistently as legal marijuana, and investors have taken notice. ArcView, a leading cannabis research firm, is projecting a compound annual growth rate in legal sales of 26% for North America between 2016 and 2021. If accurate, this would lead to almost $22 billion in sales by 2021.
Meanwhile, Cowen Co. has taken an even more aggressive stance by predicting $50 billion in U.S. legal weed sales by 2026. Such an estimate would suggest that, at some point between now and 2026, the federal government will completely legalize pot.
It’s also gaining a lot of support with the public. Gallup, which has been conducting cannabis polls since 1969, found in October 2017 that 64% of U.S. respondents want marijuana to be legal. That’s the highest percentage on record. A separate poll in August 2017 from