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U.S. medical cannabis market to surpass $40 billion mark – Marijuana News
The medical cannabis market , despite an ongoing battle for its legalization in other states, is poised to exceed $40 billion worth of revenues over the next 10 years.
According to a new report published by Ackrell Capital, the market, currently worth $4.4 billion, will grow up to $9 billion in three years’ time before hitting the $100 billion mark by 2050.
The market research firm, nonetheless, says that this will only be translated to reality if medical cannabis becomes legal federally.
Still, the growth of the medical cannabis market in 23 other states where the industry is now legal will continue due to the increasing interest of the public.
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Vittorio Hernandez ~ International Business Times ~
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