In a time when all eyes and attention were on the tech industries, the new money-spinner came to be with even higher growth rates. The marijuana industry has been the new revelation among industries and especially in the U.S. where it has a growing market. The total sales made from this industry is about $55 billion and these numbers are even projected to reach $150 billion by 2025.
The U.S. alone has about one-third of the entire cannabis market. States across the U.S. have capitalized on this new trend and quickly established themselves as powerhouses in the cannabis industry. Five states have hit the $1 billion mark threshold. Here is a quick peep into the top five states and the amount they rake in. California ($3.1 billion), Colorado ($1.6 billion), Washington ($1.1 billion), Florida ($1billion), Michigan ($1 billion).
One thing is clear from the list and that is the fact that California is in a world of its own and can be said to be the crown prince of the cannabis industry. California legalized both recreational and therapeutic use of marijuana. It is estimated that its recreational Click here to read entire article