Chart: Sales projections for states that legalized cannabis on Election Day vs. 2016 industry estimates

By Eli McVey

States that passed marijuana measures earlier this month eventually could generate more in annual retail MJ sales than the entire U.S. cannabis industry is expected to this year.

Though these new markets will take time to develop, they present tremendous opportunities for entrepreneurs looking to capitalize on the results of the election.

California, Maine, Massachusetts and Nevada all passed ballot measures legalizing recreational marijuana on Nov. 8, while Arkansas, Florida and North Dakota legalized medical cannabis. Montana already had MMJ laws on the books, but voters passed an initiative to allow regulated medical marijuana businesses

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Chart: Sales projections for states that legalized cannabis on Election Day vs. 2016 industry estimates is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs