By NCIA
|
October 20, 2016

Seeker: Rural Towns See Pot Farming in Their Future


One hint of pot’s potential as an economic driver comes from a recent report issued by Arcview Market Research and New Frontier Data, which says that legal marijuana sales grew by a robust 23 percent nationwide between 2014 and 2015, to $5.7 billion-and may hit $22 billion by 2020. About half of that future revenue is projected to come from marijuana sold for recreational use. That’s already legal in Washington, Colorado, Oregon and Alaska, and several more states have referendums this fall in which voters can opt to legalize it as well.

“It certainly has the potential to be an economic boon for states that create regulated systems,” explains Taylor West, director of the National Cannabis Industry Association.

Read more: http://www.seeker.com/could-the-marijuana-business-help-economically-depressed-areas-2055682085.html

The Press-Democrat: Should marijuana be legalized in California? A look at Proposition 64

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