When discussing the fastest growing industries in North America, legal marijuana is likely to enter the conversation. According to cannabis research firm ArcView, in partnership with BDS Analytics, the North American weed industry could grow by 28% annually through 2021. That means sales will have soared from less than $7 billion to almost $25 billion between 2016 and 2021.
It’s also an industry that’s grown in popularity among the public in a relatively short period of time. Back in 1995, national pollster Gallup found that only 25% of respondents were in favor of legalizing marijuana nationally. However, by October 2017, Gallup’s survey showed that nearly two-thirds of the American public now supported legalizing pot.
The U.S. weed industry is stuck in neutral
Yet, within the United States, the marijuana industry is stuck in the proverbial mud. Sporting a