Report: America’s marijuana industry headed for $24 billion by 2025 |

Report: America’s marijuana industry headed for $24 billion by 2025

By Alicia Wallace / The Cannabist Staff
In its new report on the U.S. marijuana market, New Frontier Data is projecting a 25 percent compound annual growth rate for recreational marijuana through 2025. Pictured: General Manager Laura Raab laughs while weighing marijuana for a customer at Green Tree Medicinals in Boulder.
Jeremy Papasso, Daily Camera

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.

Read the full story on The Denver Post website, click here.

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