There are expected to be a number of fast-growing trends this decade, including cloud computing, the Internet of Things, artificial intelligence, and cybersecurity. But don’t sleep on marijuana.
After generating an estimated $10.9 billion in worldwide sales in 2018, legal channel cannabis sales are expected to hit anywhere from $50 billion to $200 billion a year by 2030, according to various Wall Street estimates. Yes, this is a pretty wide range, but it’s to be expected of an industry that’s never been legalized in the modern era, and which has tens of billions of dollar in activity occurring behind the scenes.
It’s also an industry that could soon get a lot bigger in the United States. Currently, two-thirds of all states have given the green light to medical marijuana, with 11 of these states also allowing for the consumption and/or retail sale of adult-use weed. But in less than a month, we could see these figures tick higher.
The Nov. 3 election will feature five states with cannabis measures on their respective ballots. However, none is going to be more unique than what the Mount Rushmore State is presenting to its residents.
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