Report: North America marijuana sales hit $6.7 billion in 2016

North America’s cannabis sales grew to $6.7 billionĀ for 2016, up 30% from 2015, according to a report by Arcview Market Research. The report projects North American sales will post 25% compound annual growth and reach $20.2 billion by 2021, according to a news release. U.S. sales, meanwhile, totaled $5.86 billion for 2016. This is the first time Canada, which has legalized medical cannabis, was included Arcview’s report. Canadian Prime Minister Justin Trudeau’s government plans to introduce legislation this spring legalizing recreational cannabis. “You will not find another multi-billion-dollar market growing at 25% anywhere in the world ... Report: North America marijuana sales hit $6.7 billion in 2016 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs