The latest gaze into the crystal ball puts the U.S. marijuana industry north of $24 billion by 2025. New Frontier Data, a cannabis market research and analytics firm, gave The Cannabist a first look at its 2017 annual report, which aims to track the long-term potential for the industry. The report acknowledges external factors such as federal rescheduling or a full-scale crackdown could shake up the near-term. By mapping out state-by-state sales to $24.5 billion in 2025 and projecting that cannabis industry employment could top 255,000 jobs within three years, New Frontier hopes to show that cannabis is not “just a flash in the pan,” said John Kagia, the firm’s executive vice president of industry analytics. “It’s very hard to look at both the numbers and associated economic dynamics and envision that this genie could be put back in the bottle,” he said. Such prognostication should be approached with a fair share of caution, some industry analysts and economists have said. This nascent industry is jam packed with unique factors, including varying regulations, disparate markets and lacking longitudinal data.
America’s Marijuana Industry Headed For $24 Billion By 2025, Report Says
Alicia Wallace, Denver Post: Business
Wed, 02/22/2017 - 6:21am
Topics: john kagia andrew livingston vicente sederberg llc this including washington d.c florida s revenue recreational words officials in miles light los angeles county l.a county vietnamese indians iranians september the golden state s vicente sederberg s livingston could maryland new york nevada maine pennsylvania u.s frontier cannabist kagia kagia it it s livingston livingston colorado we source washington in california florida marijuana policy group mpg phyto partners it ohio top california washington oregon michigan arizona maine nevada massachusetts massachusetts florida billion report sales medical data states research market dynamics firm markets forecast projections calculations projected annual growth rates national long-term rate numbers economic making based years patient conservative near-term analytics percent potential put inputs hard impact factors legal caution business laws noted substantially tend leading researchers regulations compound varying changing larger latest jobs programs graphic minorities estimates eye
BING NEWS:
- Reclassifying Marijuana Could Unlock Billions in Tax Savings for Cannabis Companies
The proposed change could lift an income tax burden that wipes out most licensed marijuana retailers’ earnings.
05/5/2024 - 2:00 am | View Link - 🔒 How Balkan traffickers became Europe’s biggest cocaine suppliers
A convicted cocaine trafficker's return to Europe has reignited concerns over Balkan traffickers dominating the continent's cocaine trade.
05/2/2024 - 9:58 pm | View Link - DEA’s big marijuana shift could be a lifeline for California’s troubled pot industry
Industry insiders say the move, if approved, could become a lifeline to California’s struggling cannabis industry. “We’ve been anticipating this,” said Meital Manzuri, an attorney whose firm ...
04/30/2024 - 11:13 pm | View Link - Biden's Historic Marijuana Shift Is His Latest Election Year Move for Young Voters
While young voters lean left, they are also less likely to vote. Biden can't afford for a reliable group of supporters to stay home or vote for a third-party candidate like independent Robert F.
04/30/2024 - 12:45 pm | View Link - U.S. Economy To Receive $112.4 Billion Boost from Cannabis Industry in 2024
Keep in mind that the economic impact of the marijuana industry is different from supply-chain revenue, which is commonly utilized to gauge an industry’s ‘total size.’ According to the MJBiz Factbook, ...
04/29/2024 - 3:42 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more