Legal Cannabis Sales May Reach $6 Billion By 2018 According To MMJ Business Daily
The editors of MMJ Business Daily released today exclusive financial forecasts, from their upcoming Marijuana Business Factbook, indicating 2013 medical marijuana sales may hit $3.5 billion and legal cannabis sales may reach $6 billion by 2018. For detailed chart and more information go to mmjbusinessdaily.com.
Providence, RI (PRWEB) March 21, 2013
The editors of MMJ Business Daily released today their exclusive six-year financial forecast for the US legal cannabis industry’s retail sales. The data chart, which also includes past sales totals for 2011 and 2012 is available at mmjbusinessdaily.com.
MMJ Business Daily’s 2013 sales estimate of $1.3-1.5 billion only includes medical marijuana sales at the retail level, as no other types of legal cannabis sales are actively available at retail today (Colorado and Washington State recreational sales are awaiting further in-state regulatory development prior to launch).
However, MMJ Business Daily’s 2018 retail sales estimate of as much as $6 billion includes both medical marijuana and legal adult sales for recreational use. Editor Chris Walsh notes, “There are some caveats to the projections. The near future of MMJ sales in several states such as California and Michigan is somewhat shaky. Additionally – and more importantly – the federal government has not yet clarified how it will respond to the recreational marijuana business in Colorado and Washington.”
69 tables and charts of further cannabis industry financial data, market research, and state-by-state regulatory notes will be available in MMJ Business Daily’s upcoming Marijuana Business Factbook, a 180-page research report due out next Monday March 25th. More information is available at mmjbusinessdaily.com/Factbook.
About MMJ Business Daily:
MMJ Business Daily has been the nation’s most respected cannabis business news and analysis service since 2011. The Daily also produces the annual National Marijuana Business Conference, scheduled for Seattle WA November 2013, and a line of cannabis business books, including the upcoming Marijuana Business Factbook 2013. For more information and daily news go to mmjbusinessdaily.com.
