5 States Where a Recreational-Marijuana Initiative or Bill Has Failed Since 2010
When it comes to the fastest-growing industries in the U.S., few, if any, can top legal marijuana. According to Marijuana Business Daily's newest report, "Marijuana Business Factbook 2017," legal sales of the drug -- including medical and recreational weed -- are expected to grow by approximately 300% between 2016 and 2021 to perhaps north of $17 billion. Depending on your source, legal pot sales are set to grow by around 25% annually in the U.S. and/or North America over the next five-to-10 years.
A big reason why legal-marijuana sales are soaring has to do with changing public perception. Back in 1995, the year prior to California becoming the first state to legalize medical cannabis for compassionate use, just 25% of respondents favored the idea of legalizing marijuana across the country. In 2016, that same Gallup poll showed that 60% of Americans now favor legalizing pot nationally.
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Source: Fool.com
