Chart: U.S. marijuana industry’s economic impact to approach $70B by 2021

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By Eli McVey

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 impact of legal marijuana sales rising from $16 billion-$18 billion in 2016 to $48 billion-$68 billion by 2021 – a 241% increase.

By comparison, the $68 billion figure is similar to the 2016 gross domestic products of the Dominican

Chart: U.S. marijuana industry’s economic impact to approach $70B by 2021 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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