Legal Weed Sales to Reach $6.7B in 2016

A new report by ArcView Market Research found legal U.S. cannabis sales will likely grow 25 percent this year, $6.7 billion nationwide, up from $5.4 billion in 2015. This growth follows the first American legal recreational dispensaries opening in Colorado only two years ago. ArcView projects that the legal pot market will show a compounded yearly growth rate of nearly 30 percent over the next few years.