The marijuana market is booming in the United States.
Marijuana initiatives have swept via state legislatures in current years. Recreational marijuana use is legal in 10 US states, though medicinal marijuana is legal in 33. Illinois became the most current state to weigh the subject when Gov. JB Pritzker introduced a bill to legalize the drug on Saturday.
Now, the market is displaying no indicators of slowing down.
Study on for eight exciting details about the US marijuana market:
The marijuana market could quickly be worth additional than the GDP of 9 US states
Marijuana Organization Factbook estimates the legal- marijuana industry’s financial influence in the US was among $20 billion and $23 billion in 2017. It estimates the financial influence could attain as higher as $77 billion by 2022.
These numbers are comparable to the GDPs of Idaho and West Virginia, which have been each a tick more than $77 billion in 2018, according to the Bureau of Financial Evaluation. And it is worth additional than the GDP of nine states, like Delaware, Alaska, and each North and South Dakota. [Read more at Business Insider]