In Washington, the growing of medical marijuana is on the verge of blocking the market for Viagra. This is a sophisticated analysis by the industry. The study ignored the second rate businesses who serve the industry such as the law firms, public affairs companies, insurance companies and focused on the transactions.
The author of this study, Ted Rose, said in a conference call with the reporters that at the end of 2011, “the total sales of medical marijuana will be $1.7 billion, just $200 million behind the sales for Viagra.” The marijuana industry has risen since Obama’s administration said that they will not raid pot shops as long as they abide to the state laws.
Seventy five percent of the trade is done in California, while the rest are mostly in Colorado, which indicates that there would be room for growth in next few years. This market will reach a total of $8.9 billion sales in five years.
Article review by: bubble bags
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