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posted on 22 June 2017

The Grass Is Looking Greener


-- this post authored by Martin Armstrong

There was an estimated $31 billion worth of cannabis sales in the U.S. last year, the lion's share of which was generated through illegal transactions.

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As states start to legalize the green stuff, though, analysts at Cowen & Co. forecast a vastly different - and larger - landscape come 2026.

In 2016, the legal side of this industry created $6 billion in sales. By 2026, this is projected to shoot up to $50 billion, relegating the illegal sales that were once worth $25 billion to a relatively insignificant level.

This chart shows projected legal and illegal sales of cannabis in the U.S. in 2016 and 2026.

Infographic: The Grass Is Looking Greener | Statista You will find more statistics at Statista.

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