Data on Legal Cannabis Products Show Strong Sales – PR Newswire

According to a recent report by New Frontier Data, the Viridian Cannabis Stock Index gained 236.1% in 2016 and outperforming such mainstream indexes as the Russell 2000 (up 19.5%), the Dow Jones Industrial Average (up 13.4%), the SP 500 (up 9.5%), and the Nasdaq composite (up 7.5%). By examining the underlying sectors in the cannabis markets, these results reveal particularly strong growth throughout 2016 in both businesses that touch the plant and in ancillary businesses. New Frontier Data also reported that in 2017, medical cannabis sales are forecast to grow to $5.3 billion or accounting for 67% of total cannabis sales. By 2025, medical sales in currently legal states are forecast to grow to $13.2 billion, and at which point medical sales will account for 55% of all sales. Comparatively, sales of products from recreational use in 2017, are forecast to reach $2.6 billion or rising to

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