Legal Cannabis to Generate $40 billion, 400,000 Jobs
When it comes to projections, no sector of the economy currently has a rosier outlook than the marijuana industry.
The latest report from ArcView Market Research demonstrates how big the numbers are getting. The name of the report neatly sums up the optimism of its findings: “U.S. Legal Cannabis: Driving $40 Billion Economic Output.”
No one is questioning the potential for growth in the industry. Entrepreneurs have flocked to cannabis because of that potential. But there are headwinds, mostly involving an anti-marijuana U.S. attorney general, a White House administration that has largely stayed quiet on the issue and difficulties getting marijuana markets set up in some places even where voters have approved it.