Legal Marijuana Sales Projected to Reach $23 Billion by 2020

Business
Legal Marijuana Sales Projected to Reach $23 Billion by 2020

According to the 4th Edition State of Legal Marijuana Markets Report, legal marijuana sales are expected to reach nearly $23 billion in the next four years. Woah.

The report — conducted by ArcView Market Research and New Frontier, a cannabis data-analysis company — is based upon a variety of factors, including last year’s $5.7 billion in sales and the assumption that major player California will legalize recreational marijuana this November. (Please, God.)

USA Today broke it down with this graphic: