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To: 2ndDivisionVet
ok, which is it ? 24.5 bn by 2025 of 35 bn by 2021 ?

The number of jobs that the cannabis industry... will grow from $7.2bn last year to at least $24.5bn by 2025.

“...spur more growth in the cannabis industry that is expected to reach $35bn in size by 2021, which means more companies will emerge to address consumer and patient demand.”


I think it will be closer to 100 bn by 2025. Most states haven't even looked at it and the taxes generated are humongous
17 posted on 08/10/2017 9:32:16 PM PDT by stylin19a (Lynch & Clinton - Snakes on a Plane)
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To: stylin19a

The entire beer industry is not $35 billion dollars in the US.

Cigarette sales in the US are about $80 billion.

I find it difficult to believe that with the amount of legal confusion, limited distribution or product (Compared to the previous categories.) and no doubt a number of issues that will exist where illegal pot is competing with legal pot that you will see a $35-100 billion market inside of 8 years.

Why?

The current TOTAL estimated market for legal and illegal pot in the US is only $46 billion. (This from INC magazine.)

So unless there’s a good chance that not only will there twice as many people willing to buy legal pot as are buying illegal pot and are willing to pay a premium on existing market rates..... there will be no $100 billion marketplace for pot in 8 years.


19 posted on 08/11/2017 12:05:51 AM PDT by PittsburghAfterDark (The American media: We do what the Soviet media did without the guns to our head.)
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