Statista reports that Jan. 1 was an important date for the North American marijuana industry with the drug becoming legal in California. Shares in cannabis-related companies across the state increased sharply since the start of the year, adding almost $2 billion in value. California is, by far, the largest state to legalize pot and that is going to have a noticeable impact on the industry over the coming decade.
The Cannabis Industry 2017 Annual Report reveals that sales of medical and recreational marijuana are going to start taking off in 2018. Sales of medical and recreational marijuana are going to reach $4.75 and $6 billion this year respectively. By 2023, both forms of the drug will be higher than $20 billion before hitting $24 billion in 2025, according to Statista.
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