Category: Investments

CHART: U.S. MARIJUANA INDUSTRY’S ECONOMIC IMPACT TO APPROACH $70B BY 2021

June 12, 2017

The U.S. cannabis industry is poised to inject nearly $70 billion on an annual basis into the American economy by 2021, an eye-popping figure that underscores the broader economic impact for towns and municipalities that accept legal marijuana businesses into their communities. Estimates published in the newly released Marijuana Business Factbook 2017 show the total economic…

The First Big Company to Say It’s Serving the Legal Marijuana Trade? Microsoft.

June 16, 2016

By NATHANIEL POPPER JUNE 16, 2016, New York Times David Dinenberg, the founder and chief executive of Kind: “Every business that works in the cannabis space, we all clamor for legitimacy.” As state after state has legalized marijuana in one way or another, big names in corporate America have stayed away entirely. Marijuana, after all,…

Marijuana Economy May Hit $44 Billion by 2020

March 15, 2016

The weed business is booming. In its annual report on the U.S. cannabis industry, Marijuana Business Daily predicts up to $44 billion in economic impact by 2020. To put that into some corporate context: it’s roughly equivalent to the current market cap of Netflix (NFLX) or Caterpillar (CAT). Last year’s report predicted $14 billion to…