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The marijuana industry could be bigger than the NFL by 2020

News Posted Oct 25 2014

The marijuana industry could be bigger than the NFL by 2020

A report out from Greenwave Advisors, a "comprehensive research and financial analysis for the emerging legalized marijuana industry," projects that legal cannabis could be an industry with revenues of $35 billion by 2020 if marijuana is legalized at the federal level. They note that this is a floor representing revenues in the first year of countrywide legalization.

It's worth noting that there's a fair degree of uncertainty surrounding these numbers - current estimates place the size of the U.S. black market at anywhere from 10 to 120 billion dollars. Predicting future marijuana sales may be a fool's errand, as evidenced by Colorado's difficulties in projecting marijuana tax revenues earlier this year.

 

 

 

Original article: http://www.washingtonpost.com/blogs/wonkblog/wp/2014/10/24/the-marijuana-industry-could-be-bigger-than-the-nfl-by-2020/

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