CANNAINVESTOR Magazine U.S. Publicly Traded December 2017 | Page 106

LEGAL HEMP AND CANNABIS INDUSTRY OVERVIEW

The Legal Hemp and Cannabis Market was worth about $6.6 billion in 2016 and is projected to grow to $24 billion by 2025 (16% CAGR) with recreational sales expected to top medicinal sales by 2019.

Figure 1. Total U.S. Legal Cannabis Market 2016 & 2025

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