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Tuesday, May 06, 2014 11:03:39 PM
As a business opportunity marijuana legalization spawned a mini gold rush creating an entire industry from legal growing operations to secondary and tertiary businesses to support the conversion of this industry from illegal to legal.
MMJ Business Daily has done a good job of analyzing the data and projects that the current size of the legal marijuana industry in the US (only Washington and Colorado) is about $1.5 Billion and will grow to $6.0 Billion by 2018.
Keep in mind these are only the revenues for Colorado and Washington, currently the only two states offering full legalization. MMJ projects that the size of the total US market if legalized would be $46 Billion. Globally, this market is even larger with the United Nations (in a report from 2005) stating there are nearly 150 million active marijuana smokers in the world expending over $150 billion a year.
http://cannabis-rx.co/opportunity.html
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