Cannabis Industry Expected To Explode By 2020

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Five states will vote to legalize recreational marijuana this November, while medical marijuana is up for consideration in four more states. Should ballot initiatives pass in select key states (California, Arizona, Nevada, Massachusetts, Maine, Montana, and Florida), those markets will account for $2.7 billion in additional marijuana sales in 2018, Arcview and its big-data partner New Frontier reports.

That number grows to nearly $8 billion by 2020