This Technology Could Be a Game-Changer for the Marijuana Industry

Marijuana NewsNews0 Comments

The marijuana industry is scorching hot right now, and it’s no wonder that investors are seemingly champing at the bit to get their hands on a company, or series of companies, with strong double-digit growth potential.

According to cannabis research firm ArcView, the legal marijuana market could grow by roughly 30% per year through the end of the decade. Investment firm Cowen & Co. shares a somewhat similar sentiment, forecasting growth from $6 billion in legal pot sales in 2016 to $50 billion by 2026. That’s good for a compound annual growth rate of better than 23%. You’d struggle as an investor to find an industry that could consistently grow its sales for an average of 23%+plus each year for a decade.

Source: 420 Intel – United States

Leave a Reply

Your email address will not be published. Required fields are marked *