Marijuana industry busily working to shed illicit past and go legal

Posted on 20 April 2018 by Admin   |   20

You will not find vibrantly colored bongs or bubble gum-flavored rolling papers displayed against the backdrop of exposed brick and contemporary, industrial-style home furnishings at Tokyo Smoke.

Instead, the store located in a previous shipping dock nestled between two warehouses in Toronto's west end carries high-end pot materiel befitting the pages of a design magazine while likewise providing cups of artisanal coffee.


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Legal cannabis: A $44 billion company by 2020?

Posted on 20 April 2016 by Admin   |  7

The growing acceptance and legalization of cannabis is helping the United States marijuana market broaden well beyond specific niche status. It's forecast to pump from $24 billion to $44 billion annually into the country's economy by 2020, according to a market publication mmj delivery .

At the upper end of that projection, published in the Marijuana Business Factbook 2016, it implies sales of medicinal and leisure cannabis and related products and services would nearly equate to the annual profits of such Fortune 500 companies as FedEx (FDX) and Lockheed Martin (LMT), ought to present patterns continue.

Put another way, that $44 billion is just shy of Panama's $46.2 billion GDP and ahead of Serbia's $43.9 billion. Even if the market publication's forecast is a bit puffed up, marijuana is plainly moving towards the huge time.


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The report stated retail sales of medicinal and leisure cannabis this year are anticipated to grow as much as 26 percent over 2015, completing as much as $4.3 billion.

  • And it estimated that the overall effect of the legal marijuana market on the United States economy for 2016 would be as much as $17.2 billion.

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