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Growing Legal Marijuana Sales In The United States ‘Bigger Than Internet Boom’

via Shutterstock

via Shutterstock

The reasons to oppose decriminalizing marijuana are becoming fewer and fewer by the day. The war on drugs, specifically marijuana, is coming to an end sooner rather than later, and it’s all thanks to statistics like this one.

According to Forbes, new statistics show that North America’s legal marijuana “green rush” is above the dot-com boom of the early 2000s in terms of industry growth.

North America’s legal marijuana market posted $12 billion in revenue in 2016, which represents a 30% increase from 2015 — according to a report by ArcView Market Research.

The report suggests that the legal marijuana industry could top $28 billion by 2021. However, one wrench that could be thrown into the growth of the legal marijuana industry is how the newly elected administration treats the issue.

Via Forbes:

ArcView Chief Executive Officer Troy Dayton believes that President-elect Donald Trump has been consistently in favor of states rights when it comes to legalization. “It’s one of the few things he has been consistent on,” he said. Dayton also believes that even if Trump backed away from adult use, he would still favor medical marijuana.

Trump would be delusional to try and protest the wave of legalization that has happened over the last five years. It’s just not a fight worth picking. Treat this as yet another promising sign that prohibition is coming to an end at long last.

  • Related TopicsCulture News 420 Marijuana
    Eric ItalianoCOED Writer
    A New Jersey native & Rutgers University graduate who firmly believes it's better to be lucky than good. My goal in life is to one day write a Batman screenplay. You can probably find me somewhere cooking either too little or too much pasta. contact me - eric.italiano@teamcoed.com
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