Here's How Big the U.S. Marijuana Market Could Be in 2018

Here's How Big the U.S. Marijuana Market Could Be in 2018

The groundswell of optimism surrounding marijuana stocks may be warranted, given the latest estimates for the marijuana market in 2018. According to GreenWave Advisors, the opening up of recreational markets in California and elsewhere next year will drive retail marijuana sales to $14.5 billion, including sales taxes. Can this blossoming industry put investors on a path to riches?

According to surveys conducted by Gallup, more Americans favor legalizing marijuana than at any other point since Gallup began asking Americans about their views in 1969. Back then, only 12% of Americans favored legalizing cannabis, but today, 64% of the country is in favor of it. Despite what we hear from marijuana foes, most Americans, regardless of political affiliation, want marijuana to move from the black market to the public market.

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Source: Fool.com