Posted on April 25, 2014 by News Admin
Combined sales of legal recreational and medical marijuana in the United States is projected to reach more than $8 billion in 2018. That's according to a new report by Marijuana Business Daily citing data from the Marijuana Business Factbook, which forecasts that the 2018 retail marijuana industry could see an estimated $7.4 to $8.2 billion in sales.
The projection is based on sales estimates from the state-legal medical and recreational marijuana markets that already exist, as well as 4-5 additional states that are expected to legalize recreational marijuana and 2-3 states expected to legalize medical marijuana by 2018.
Currently, there are 20 states with legal medical marijuana. Colorado and Washington have both legalized recreational marijuana and about a dozen other states are expected to legalize marijuana in some form in the coming years.
“This total is conservative –- the reality of retail sales could be larger,” Chris Walsh, editor of CannaBusiness Media, the publisher of both the Factbook and Marijuana Business Daily, said in a statement. “Nor does it include wholesale cannabis sales, or the billions of dollars in ancillary cannabusiness revenues such as growing equipment, real estate, legal fees, testing labs, paraphernalia, etc.”
Walsh's suggestion that sales could exceed that $8 billion mark is supported by another recent study that projects that the U.S. marijuana industry could be worth $10 billion by 2018.
If Colorado's first two months of legal recreational sales are any sign, the market nationally could see tremendous revenues. In January alone, 59 marijuana dispensaries -- a small fraction of the approximately 550 total dispensaries in the state that could qualify to sell legal cannabis -- generated $14 million in sales. Sales were also up slightly in February, bringing in a two-month total of about $7.6 million in medical and recreational taxes and fees into the state's coffers.
We've helped thousands of happy customers start & run their medicinal & recreational businesses in all legal states. Whether you're serious, curious or just looking to gather information, GreenZipp can help.
Primarily through word-of-mouth alone, GreenZipp has become the company people trust to help start and run their legal marijuana businesses. For the last 4 years, people have been using GreenZipp because it's famously easy, straight forward, with no hidden costs. Combine that with our best-in-the-biz customer service, and you've got a unique and delightful offering of products and services.
We've been in business for 5 years, so you can depend on us to alleviate the anxieties and pressures of starting and running your business. Not once, has a single customer ever been in trouble with the law - ever. We're extremely proud of that number. Our job is to keep you safe and compliant with regulations and allow you to run your company without fear or anxiety. We've gone and will continue to go to the ends of the earth for our customers. Learn more about our company.
Many customers come to us saying that they've been told they need a lawyer to start their businesses. Sure, you can definitely use them, but you don't need them. Heck, you can even do it yourself if you don't mind putting in the time and making some costly mistakes from time to time. We take the complicated, confusing and time-consuming process of starting or running your marijuana business and boil it down to plain, detailed and easy-to-follow steps. Or, we can just do the whole process for you.
Here's the best part: We're so effective, lawyers and law firms hire us to service their marijuana industry clients for them.
Absolutely. You can see how our customers feel about us via an independently certified, 3rd party review website. We're extremely proud of our 5 out of 5 Star rating.
We offer a free Starter Package to help people understand the industry and us a little better. Check it out.
New business owners, seasoned entrepreneurs, investment groups and law firms all rely on GreenZipp. We've been fortunate to earn the repeat business of our customers, including some of the top lawyers and law firms in the country.
There's a lot of (mis)information out there. At best, it's usually speculation from non-professionals, old wive's tales or completely fabricated. It can be tough to navigate. With that in mind, here are a few things we've prepared for you:
GreenZipp is a medical & recreational marijuana consulting firm that's helped thousands of customers establish and run their marijuana businesses in all legal states since 2010. With industry-leading, streamlined and cost-effective products and services that abolish hourly & hidden fees, we'll be sure to make you happy.
We’ll send periodic news, new product releases and exclusive promotions.