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WIRE: $6.7 billion in legal marijuana sales projected for 2016

San Francisco, CA: Legal retail sales of marijuana to adults are anticipated to total $6.7 billion by year’s end, according to projections reported this week by ArcView Market Research.

Sales in 2015 totaled $998 million, the report found, an increase of184 percent over 2014 figures.

As additional states enact regulations legalizing adult cannabis sales, ArcView estimates that retail sales could total as high as $21.8 billionannually by the year 2020.

Copies of ArcView’s 2016 report, “The State of Legal Marijuana Markets, 4th Edition” are available for ordering online at: http://www.arcviewmarketresearch.com/.

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