Not only have marijuana sales (both legal and medical) significantly increased over the past few years, but the industry shows no sign of slowing down. In fact, it is growing at a record setting pace. In 2015 the legal pot industry in the US reached $5.0 billion in sales. In 2016, North American marijuana sales grew 34% from the prior year, by topping $6.7 billion in sales. If this wasn't impressive enough ArcView research group’s editor-in-chief puts these numbers into perspective by noting that “the only consumer industry categories [he’s] seen reach $5 billion in annual spending and then post anything like 25% compound annual growth in the next 5 years are cable television (19%) in the 1990's and broadband internet (29%) in the 2000's.
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