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Karnes Of Greenwave Thinks That Leveraging Existing Production And Dispensaries Could Lead To $7.7 Billion In Marijuana Sales In California In 2021.

It makes sense that California ranks highest because it’s home to the country’s biggest state population, and it just legalized recreational marijuana. The state’s medical-marijuana market is the nation’s oldest, and as a result, the infrastructure is already in place for the recreational market to hit the ground running. California’s Emerald Triangle is the biggest marijuana-producing region in the country, and roughly 1,000 medical-marijuana dispensaries are already open for business statewide. In 2015, the Arcview Group estimates, California’s medical-marijuana sales of $2.7 billion were 62% of medical-marijuana sales in the U.S. Karnes of GreenWave thinks that leveraging existing production and dispensaries could lead to $7.7 billion in marijuana sales in California in 2021. Washington’s marijuana market will be much smaller than that, but its marijuana market is growing quickly, and that could make it the second-biggest market in five years. In January, Washington reported that sales of marijuana products, including edibles, extracts, and marijuana for inhalation, totaled $139 million, up from $81 million in February 2016. At that rate, http://michiganmedicalmarijuana.biz/ Washington should have no trouble reaching Karnes’ $1.9 billion sales forecast in 2021. Although it’s a relative newcomer to marijuana legalization, Pennsylvania could also become a major market soon. Medical marijuana got a green light in the state last year, and it could be one of the next states to consider recreational marijuana.

To read more visit http://www.foxbusiness.com/markets/2017/02/14/top-5-states-for-marijuana-stocks.html

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