Colorado’s a state that every marijuana investor should be watching
Colorado’s a state that every marijuana investor should be watching because its maturing recreational market offers insight into what may happen in other statesOpens a New Window. that legalize cannabis. So far, Colorado’s recreational marijuana market has been a success. Since recreational marijuana became available in 2014, marijuana sales have grown from $996 million in 2015 to $1.25 billion in 2016 to $1.49 billion in 2017. Can demand push Colorado’s marijuana sales even higher in 2018?
The marijuana movement
Momentum to end marijuana prohibition has picked up significant momentum over the past 20 years and that momentum has increased as more states have passed laws creating recreational marijuana markets. So far, 30 states have medical marijuana laws on the books and eight of those states have OK’d recreational marijuana, too.
It’s likely that more states will follow suit, especially given shifting attitudes among Americans. Since Gallup began asking Americans about their opinions on marijuana in 1969, there’s never been a time when more Americans have favored legalizing it.
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