Are you looking to become the next marijuana millionaire It’s a smart decision to get a piece of the rapidly expanding pot market. Marijuana Business Daily reports that the industry’s retail sales grew to $9.7 billion in 2018, up from $6.6 billion in 2017. This figure is expected to increase by 20% by 2022. Individual businesses are setting […]
Tag: cannabis
Statistics on the Cannabis Industry
A new market has emerged in America as more states allow cannabis to be used. Both recreational and medical dispensaries are now open to provide marijuana to a wide range of customers. What is the market like and what are our expectations for it in the future? As of November 2018, 10 states have legalized recreational cannabis while 33 […]
Three Reasons CBD will Overtake THC in Legal Cannabis Market
The legalized marijuana industry is growing at a rapid pace, with a projected $13.6 billion increase in revenue. It’s expected to reach $85 billion in revenues by 2030. Not all cannabis products are created equal. There are two main types of cannabis-derived products. THC-based: Made with tetrahydrocannabinol, the primary psychoactive component of cannabis. THC is more tightly controlled […]
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