Industry

‘Shark Tank’ investor Kevin O’Leary says the marijuana industry is ‘like the end of prohibition’

[Originally posted by Libby Kane at Business Insider]

Marijuana is going mainstream.

In November, nine states will vote on whether to legalize pot, reportsBusiness Insider’s Ben Gilbert, and five of those votes will include recreational use as well as medicinal: Massachusetts, Maine, California, Arizona, and Nevada.

If those ballots pass along with medicinal marijuana ballot measures in Montana and Florida, reports Business Insider’s Melia Robinson, those markets will account for $2.7 billion in additional marijuana sales in 2018. Research by Arcview Market Research, a leading publisher of marijuana market research, and its big-data partner New Frontier projects this number to grow to nearly $8 billion by 2020. Read the entire article at Business Insider.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s