Marijuana incorporated: cannabis eases into a billion-dollar business high
Now legalised in 23 states and the District of Columbia for medical use and four states – Colorado, Washington, Oregon and Alaska – and DC for recreational use, weed is big business.
Cassandra Farrington, organiser of the 2015 Marijuana Business Conference & Expo, said independent analysts have valued the legal industry at $3bn, rising to $10bn when including ancillary trades and services. She puts the industry’s workforce at 60,000. "It’s really difficult to pin down an estimate of the black market, but calling it $50bn would be a reasonable estimate."
Saturday, May 23, 2015
The Guardian (UK)