There is a very sweet and evident aroma drifting around the medical marijuana industry. And this smell is the smell of money – that signifies a very strong opportunity in the world of entrepreneurship.
Medical marijuana is now hitting $1.7 billion in the market as reported and released by See Change Strategy, an independent financial analysis firm which specializes on unique and new markets. The figure stated represents the approximated sales of medical marijuana on dispensaries on all the states with existing medical marijuana laws. This is the very first time that an actual dollar figure has been given ever since a medical marijuana industry existed.
If you will look at that number in a certain angle, the sales of medical marijuana rival which is Viagra, a business by Pfizer, earns an annual sales of $1.9 billion.
The increasing sales of medical marijuana draw attention and interest to many entrepreneurs and venture capitalists as medical marijuana market is expected to approximately double in a span of five years in 15 states that do have medical marijuana law. And if another 20 states legalize marijuana in the very near future, the market could generate $8.9 billion in 2016.
Article review by: bubble hash
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