Continue to Site »
Site will load in 15 seconds
Advertisment: Fluence » Fluence Order 95 » CBT ROS Banner 970x250 - Start June 18 » FLU-DBA_SPYDR3_970 x 250

New Report Shows Marijuana Market Could Hit $18 Billion by 2021, Even if Trump Challenges Industry

Analyst Matt Karnes believes that California will account for 40% of the market and that additional states will continue to come online.


Even if President Trump actively challenges the recreational marijuana market, Greenwave Advisors forecasts that the market will hit $18 billion by 2021. If this doesn't come to fruition, the industry is projected to reach a whopping $30 billion, which is predicated upon every state and D.C having a medical only or fully legal market.

Advertisment: Cannabis Business Times » Cannabis Business Times Best Cannabis Companies to Work For » CBT Best Companies 2026 ROS Parallax Reveal » bcc-ads-730x570
Advertisment: Cannabis Business Times » Cannabis Business Times Best Cannabis Companies to Work For » CBT Best Companies 2026 ROS Parallax Reveal » bcc-ads-730x570

Analyst Matt Karnes supports these projections for his new report by noting that 2016 retail marijuana sales in the U.S. were approximately $6.5 billion, an increase of 35% from 2015's $4.8 billion. “In 2017, we expect growth of 18% to $7.7 billion as new medical use markets come online,” he said. He also believes that California will account for 40% of the market and that additional states will continue to come online.

Advertisment: Hanwha Vision » Hanwha Vision Order 78 » CBT ROS 300x250 Medium Rectangle June 2025 » Hanwha January Ad

These numbers are driving increasing capital investments into the sector. Even with all the risks associated with this group, the average deal size has jumped from half a million in 2012 to $2.2 million in 2016. 38% of these investing dollars has come from venture capital and angel investors. Since 2012, $1 billion has flowed into the industry.

Advertisment: Hydrofarm » Hydrofarm Order 113 » CBT ROS 300x250 Medium Rectangle » PhotoBio MX2 Med Rectangle Ad

Read more

Advertisment: Hydrofarm » Hydrofarm Order 113 » CBT ROS 300x250 Medium Rectangle » PhotoBio MX2 Med Rectangle Ad
Advertisment: Hydrofarm » Hydrofarm Order 113 » CBT ROS 300x250 Medium Rectangle » PhotoBio MX2 Med Rectangle Ad
Page 1 of 16
Next Page
Advertisment: Greentank » Greentank Order 92 » CBT ROS Mobile Adhesion 360x120 June 2025 » cbt-mobile-gt-shop