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By Marijuana Business Daily staff
California’s recreational cannabis industry could eventually generate between $4.5 billion and $5 billion in annual retail sales, making it by far the most attractive market for business opportunities of the states that legalized last week, according to estimates released Wednesday.
Marijuana Business Daily’s editorial director, Chris Walsh, revealed the projection during his speech at the Marijuana Business Conference & Expo in Las Vegas.
“It’s clear – California is going to reclaim its mantle as the capital (of the cannabis trade),” Walsh said during his keynote address at the conference.
He also offered up estimates
Exclusive estimates: CA will account for half of retail marijuana sales stemming from election is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs