CANNAINVESTOR Magazine U.S. Privately Held Companies March 2018 | Page 98

The Market

The US medical marijuana market is booming, with Florida expected to become the second largest market after California. New state laws now allow Medical Marijuana Centers to produce a much wider variety of products with fewer restriction and considerably expands the number of qualifying patients.

The legal marijuana industry is the fastest growing industry in America. Total national sales soared to $6.7 billion in sales in 2016, and according to Arcview Market Research is expected to reach $11 billion in 2020.

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