As Massachusetts’ marijuana market is poised to move from street corners to store fronts, investors are starting to see green — and it’s not just the plants.
The Bay State will be the first on the East Coast to tap into the legal weed market and industry experts predict big payoffs. By 2020, marijuana sales in the state will top $1.1 billion and it will be a $21 billion market nationwide, according to market research data by New Frontier. But with this much money at stake, some are wondering what role small businesses will play in this modern-day gold rush.
Long a hub for the tech and medical industries, Troy Dayton, CEO of the Arcview Group, which analyzes the marijuana markets, predicts Boston could soon become a hub for marijuana too.
Source: 420 Intel – United States