Legal U.S. pot sales have soared to $5.4 billion for 2015, up 17.4 percent from $4.6 billion in 2014, according to ArcView Group, which takes in date from all the cannabis markets around the United States. The figure includes medical and adult consumer sales. With Adult use sales growing to $998 million from $351 million, Marijuana sales don’t look like they’re slowing down anytime soon, according to the research.
“You won’t find another industry growing at that kind of clip,” said Troy Dayton, chief executive of the ArcView Group.
In addition to publishing cannabis sector research, ArcView’s investor network members have invested more than $64 million in about 104 marijuana companies. The report was published in partnership with New Frontier, which focuses on cannabis data analysis.
Across the country, 23 states and the District of Columbia allow medical marijuana use. Four states and D.C. allow for adult use of marijuana. With that said, that leaves us with about 86 percent of Americans that live in states that allow some sort of legal cannabis use, which has obviously helped the growth in Marijuana sales.
With 2016 upon us, look for this trend to continue rapidly as we continue gain more legal states. You go, stoners!
