Wednesday, January 08, 2014 11:36:33 PM
It is estimated since Jan 1, recreational sales in Colorado alone exceed $30m.
In barely 1 week, the country's 22nd (yes 22nd!!!) most populous state purchased a lot of weed.
Amortized annually that is nearly $1.6b in sales! In the 22nd most populous state.
By 2020, once the propaganda has worn off and cannabis is more widely accepted, perhaps finally fully legalized, the US could be looking at a $100b+ especially considering the high end estimates of the current annual US black market for weed is $120b.
And that is just recreational sales. Medical applications could be worth another couple hundo billions of $$$. But the real kicker is industrial applications of hemp which are endless; plastics, textiles, fuels, food....this market could be a half a trillion.
For the next few months/years this could play out like the Internet Bubble of 1999 but the real money made there was those buying in 1997 and were siting pretty when the fireworks went off
"Emancipate youself from mental slavery, none but ourselves can free our mind"
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