The weed industry is becoming a legitimate economic engine. Sales of legal marijuana in the US are estimated to more than double by 2020, as is the broader economic impact of the industry, a new report predicts.
Pot dispensaries are expected to pour anywhere from $24 billion to $44 billion into their surrounding communities in 2020 as rapidly growing sales drive purchases of supplies, such as grow lights and fertilizer, and create more jobs, according to the 2016 Marijuana Business Factbook, released Monday (Mar. 14.)
The industry netted an estimated $12 billion to $13.6 billion in sales and related activity in 2015.
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Ana Campoy ~ Quartz ~
