The Executive Director for the National Institute for Cannabis Investors, Greg Miller, says marijuana could explode into a $300 billion global industry if it were to be federally legalized in the United States.
In fact, the six best-selling marijuana states in 2020 emphasize just how big the marijuana industry is becoming.
The global marijuana market is already worth roughly $10.8 billion right now. But Greg Miller thinks it could soar into the stratosphere thanks to legal marijuana states in the U.S. With potential federal marijuana legalization on the horizon, Miller says it could even shift the industry’s global value to $300 billion “practically overnight.”
Marijuana is legal in one way or another in 32 states and Washington, D.C. And six of these states are making millions – if not billions – from marijuana sales as we speak.
According to American Marijuana, these are the six highest predicted earning marijuana states for 2020:
Nevada – $639 million in marijuana sales. Massachusetts – $729 million in marijuana sales. Oregon – $954 million in marijuana sales. Washington – $1.64 billion in marijuana sales. Colorado – $1.76 billion in marijuana sales. California – $3.1 billion in marijuana sales.
The Best-Selling Weed States, No. 6: Nevada
When it comes to legalized cannabis, Nevada is one of the oldest players in the game. In 2001, the state legalized medical marijuana, while recreational marijuana became legally available in 2017.
Even though Nevada isn’t the only state in the area with legalized marijuana, its tourist locations like Las Vegas and Reno have drawn in hundreds of millions in marijuana sales. In fact, this state with legal