U.S. Marijuana Industry’s Economic Impact Could Hit $44B by 2020

By Marijuana Business Daily staff

The U.S. cannabis industry will pump up to $44 billion annually into the country’s economy by 2020 if current business and legalization trends continue, according to exclusive data released today in the 2016 Marijuana Business Factbook.


Published by Marijuana Business Daily, the report estimates that the industry’s annual economic impact will soar from $14 billion-$17 billion in 2016 to $24 billion-$44 billion in four years.

The projections reflect marijuana’s march towards the mainstream as it emerges from the shadows to become a respectable, above-board industry that is giving birth to scores of jobs, fostering new business opportunities and creating a broad ripple effect across the country.

“We’re witnessing the emergence of a business that is about to become a massive economic force,” said Chris Walsh, managing editor of Marijuana Business Daily. “These figures, which we deem conservative, show not only how important the industry already is to the U.S economy at large, but also how much more important it is about to become.”

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