Chart: Recreational marijuana markets in Washington, Colorado still soaring

By Eli McVey Sales of recreational marijuana in the nation’s two largest and oldest adult-use markets – Colorado and Washington state – eclipsed $1.5 billion in 2016, rising a combined 66% from the previous year. The figures highlight the massive growth potential for the rec side of the cannabis industry, which is still in its infancy. But they may mask the growing difficulties of turning a profit as the competition increases by the day. In Washington, adult-use sales for 2016 nearly doubled from a year earlier, increasing 95% to $696 million. While much of that growth was organic, the ... Chart: Recreational marijuana markets in Washington, Colorado still soaring is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs