newsfeedback@fool.com (Sean Williams),Motley Fool 1 hour 44 minutes ago
Marijuana had an incredible 2016, and the fast-growing pot industry is looking to continue building on that momentum in 2017. After beginning 2016 with cannabis legal in 23 states for medical purposes, and four states for adult use, the year closed with 28 states having legalized medical marijuana and residents ineight states having
which could add $1 billion, or more, in annual tax and licensing revenue to the state. Cannabis research firm ArcView has predicted that legal marijuana sales could grow by 30% annually through the remainder of this decade, while investment firm Cowen & Co. went a step further and forecast legal sales growth from $6 billion to $50 billion over the next decade, or more than a 23% compound annual return per year. .
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