Report: America’s marijuana industry headed for $24 billion by 2025
February 22, 2017
The latest gaze into the crystal ball puts the U.S. marijuana industry north of $24 billion by 2025.
New Frontier Data, a cannabis market research and analytics firm, gave The Cannabist a first look at its 2017 annual report, which aims to track the long-term potential for the industry. The report acknowledges external factors such as federal rescheduling or a full-scale crackdown could shake up the near-term.
By mapping out state-by-state sales to $24.5 billion in 2025 and projecting that cannabis industry employment could top 255,000 jobs within three years, New Frontier hopes to show that cannabis is not "just a flash in the pan," said John Kagia, the firm's executive vice president of industry analytics.
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