2017: Annual Cannabis Report Projects Massive Growth

Nine states that cast their ballots for legalizing medical marijuana during the 2016 election cycle also voted to elect Donald J. Trump as the 45th POTUS, according to a recent 2017 report.

Published by New Frontier Data, the 2017 executive summary probes the industry’s projected market growth, employment opportunities, and marijuana’s potential role as a key revenue source for states and municipalities. Additionally, the report identifies last year (2016) as a turning point for cannabis legalization and contemplates the industry’s uncertain future under the current administration.

Dissected and disseminated for ease of ingestion, the company offers one noteworthy disclaimer:

“Projections are based solely on the state markets that passed medical and adult use legalization initiatives as of January 2017, and do not include assumptions for any additional states which may pass legalization measures before 2025.”

Caveat given, according to the company’s 2017 report, the total legal marijuana market in the U.S. is projected to cultivate some sobering revenue by 2025 – hitting $24.1 billion.

Legal Marijuana Market Growth Spurt