CANNAINVESTOR Magazine U.S. Publicly Traded December 2017 | Page 151

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In the United States, legal retail cannabis is a $7+ billion industry projected to approach $22 billion by 2021. This industry already has over 12,000 licensed businesses, approximately 18,000 unlicensed or ancillary businesses that support these, and at a 27% CAGR is doubling in size every 32 months. It is poised to add over 500,000 new jobs by 2020, projected to grow to $44 billion by 2026, and could reasonably exceed $100 billion in size as use of the plant becomes ubiquitous. Most of this not so much by changing habits but rather by simply legitimizing them.

By Sumit Mehta

CANNABIS:

Plant, People, Planet, Profit