Just a year after legalizing recreational marijuana, Colorado's licensed retailers in 2016 notched nearly a billion dollars in sales, surprising many observers who didn't reckon the higher priced goods could compete with the black market.
Just two years on, Cowen & Co. analysts, noting how swiftly more states are moving to bless adult use, boosted their U.S. cannabis market target by $25 billion, saying in a report released in April that they anticipate the industry "to generate $75 [billion] in sales by 2030." . . . more