California Is World’s Biggest Legal Pot Market, Says New Report

Regulatory issues notwithstanding, California’s legal cannabis market is currently on track to becoming the world’s largest market, according to a new report issued by leading industry researchers Arcview and BDS Analytics. For 2019, the state is projected to grow 23 % in sales, racking up $3.1 billion.

Its many regulatory problems aside, California is still the world’s largest legal cannabis market, says new report. Image: Sheet of marijuana on background of money close-up.

Getty

Said Arcview CEO Troy Dayton: “Despite the burdens imposed on the legal market by regulators, with a $2.7 billion gross domestic product, California has the world’s largest legal cannabis market and will continue to be until federal legalization makes it merely a part of the larger U.S. market. At that point, California will assume its

... read more at: https://www.forbes.com/sites/irisdorbian/2019/08/15/california-is-worlds-biggest-legal-pot-market-says-new-report/

by

Leave a Reply