Jeff Sessions May Be 6 Days From Declaring War on the Marijuana Industry
When it comes to the fastest-growing industries in the United States, legal marijuana is certainly in the discussion, if not at the top of the list. According to Marijuana Business Daily's latest report, "Marijuana Business Factbook 2017," U.S. legal weed sales are expected to increase 30% this year and 45% in 2018, and to quadruple between 2016 and 2021 to $17 billion. That type of growth is a big reason why marijuana stocks have doubled or tripled in value over the trailing year.
But it's not just sales growth that's been impressive -- it's the shift that underlies cannabis's expansion. An October-released Gallup poll showed that an all-time record 64% of respondents now want to see pot legalized nationally. This is up from just 25% in 1995, the year before California became the first state to legalize medical cannabis for compassionate-use patients. Even stronger favorability is seen with medical cannabis. A survey conducted by the independent Quinnipiac University this April showed that an overwhelming 94% support legalizing medical pot, compared to just 5% who oppose the idea.
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Source: Fool.com
