The Legal Cannabis Market Developments in 2017 – PR Newswire

According to a new report by Arcview Market Research, the legal cannabis consumer spending across North America, grew 34 percent to $6.7 billion and can be expected to grow at a 27 percent compound annual growth rate of (CAGR) over the next five years, from $6.7 billion in 2016, to $22.6 billion in 2021. This more than tripled the portion of Americans that will be able to purchase cannabis without a doctor’s recommendation. Voters in California, Massachusetts, Nevada, and Maine passed adult-use measures in 2016. Arcview Editor-in-Chief Tom Adams stated, “When the #1 concentrate brand in CO grows 84 percent but its market share percentage remains constant, it becomes clear we are in a remarkable business boom. It reminds me of 1998, when Google was just one of dozens of search engines, or 1988 when Blockbuster was just one of dozens

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