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As US Marijuana Legalization Spreads, Mexican ‘Mota’ Takes a Dive

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]

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