The legal cannabis industry is going to be enormous. The Seed Investor just finished publishing an article on the obvious potential of cannabis to “revolutionize the global economy”. Cannabis is completely safe, incredibly versatile.
Today, we provide the numbers to back up that statement of fact – courtesy of Colorado’s booming legal cannabis industry.
Colorado has legalized cannabis the right way: moderate taxes and sensible, industry-friendly regulations. Previous numbers here already illustrated this:
- A $1+ billion per year legal industry in the state
- More than $1 billion in state cannabis taxes/fees collected
- The smallest cannabis black market in the United States
The Seed Investor has been covering Colorado’s success in depth – and pointing to it as a role model for other U.S. state governments as well as provincial governments in Canada.
Now, new numbers out of Colorado show that not only does the state already have the largest/strongest legal cannabis industry (per capita). It’s growing rapidly, with momentum building.
At over $150 million per month, suddenly Colorado’s legal cannabis industry is nearly a $2 billion per year juggernaut. But what should really get cannabis investors excited is to project these sales numbers at a national level in the U.S.
Colorado has a population of roughly 5.7 million people. The United States has an overall population of 329 million. Colorado’s population represents less than 2% of this total – a factor of roughly 60.
Now let’s crunch the numbers.
If other U.S. states had legalized cannabis and did so in a competent manner (like Colorado), the U.S. cannabis industry would be a $108 billion per year industry today. Long term? As Colorado’s record-breaking sales indicate, we have no idea of the long-term upside potential.
Even at $108 billion per year, this leaves any/all other “predictions” of the potential of the U.S. cannabis industry looking ridiculously pessimistic.
In short, even within the cannabis industry, no one is seeing clearly the current and long-term potential of legal cannabis. Not in the United States. Not in Canada. Not internationally.
Why is legal cannabis not already a $108 billion per year industry in the United States? The stupidity and incompetence of government.
Why does practically no one see the real commercial potential of legal cannabis? The pathetic anti-cannabis biases and incompetent reporting of the mainstream media.
Cannabis will become a $108 billion per year industry in the United States – along the way toward much larger long-term numbers. Cannabis will eventually become a trillion-dollar-per-year industry globally.
In their current trough, cannabis stocks are more than a “buy”. They represent nothing less than an historic investment opportunity.
MJShareholders.com is the largest dedicated financial network and leading corporate communications firm serving the legal cannabis industry. Our network aims to connect public marijuana companies with these focused cannabis audiences across the US and Canada that are critical for growth: Short and long term cannabis investors Active funding sources Mainstream media Business leaders Cannabis consumers