As President Barack Obama trumpets that the United States economy is back on track, industry groups are shouting over who’s growing faster.
The accounting sector boasted 2014 growth of 11 percent; computer systems of 14 percent; and real estate of a whopping 23 percent, says financial information group Sageworks.
However, one industry may have beaten those hands down: legal marijuana.
According to a new report by The ArcView Group, a cannabis industry investment and research firm based in California, legal marijuana sales rocketed 74 percent in 2014 to a new high of $2.7 billion. And with more states legalizing weed — Alaska, Oregon and Washington, DC, voted to join the legal stoners in November — it predicts this growth pace could continue for several more years straight. [Read More at CNBC]
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Notify me of follow-up comments by email.
Notify me of new posts by email.
A full year into Connecticut’s legalization of adult-use cannabis, the state has yet to reap a single tax dollar from sales of recreational marijuana. But while the rollout has been slightly bumpy, with the General Assembly passing a law this year to halt informal, untaxed sales of cannabis that had emerged from the underground, the state is…
Industry advocates see law as an “oddity” allowing for recreational use while stopping just short of full marijuana legalization. Minnesotans who are 21 or older can start buying edibles and beverages that contain THC — the ingredient in cannabis that gets you high — under a new state law that takes effect Friday. The new…
The Mississippi law that will legalize medical marijuana goes into effect tomorrow, and farmers will then be allowed to start crop production. But experts say it will take some time before patients can purchase product. This Friday, dozens of laws will go into effect, including the Mississippi Medicinal Cannabis Trade act. The bill was signed…
Whitepaper This compaction study examines the effects of choice in carrier materials on CBD/THC tablet compressibility, powder flow, particle size and distribution, and moisture content. Natoli Scientific studied the mechanical robustness and failure points of these solid oral dose tablets using rigorous powder micromeritics and compaction profile studies. An exact science-based approach allows manufacturers to…