Fortune reported that legal marijuana sales jumped 17 percent to $5.4 billion in 2015. Sales are expected to rise another 25 percent in 2016.
As quoted in the publication:
The numbers are staggering, considered the first recreational dispensaries opened for business in Colorado only two years ago.
On Monday, ArcView Market Research will release its fourth edition of The State of Legal Marijuana Markets report, and it includes the prediction that the legal cannabis market will see a whopping $21.8 billion in total annual sales by 2020. (By comparison, at that point, the legal marijuana market could be bigger than the National Football League, which saw roughly $12 billion of revenue last year but is aiming to reach $25 billion by 2027.)