3 Behind-the-Scenes Obstacles Plaguing the Recreational Marijuana Movement
You'd honestly struggle right now to find an industry growing at a quicker, more consistent pace than legal marijuana. According to cannabis research firm ArcView, North American legal pot sales, inclusive of medical and recreational weed, soared to $6.9 billion in 2016, and they're on track to reach nearly $22 billion by 2021. We're talking about a 26% compound annual growth rate over five years.
But as ArcView's data has also shown, this growth may be sustainable well beyond 2021. Last year, $46.4 billion in North American cannabis sales was conducted on the black market, implying that pot businesses have a massive opportunity to sway these consumers to legal channels in the years to come.
Image source: Getty Images.
Source: Fool.com
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