A new report from bank Barclays projects the US marijuana market would have a value of US$28 billion if it was legal today. Also, the reports predict the marijuana market potential to grow to US$41 billion on a pre-tax basis by 2028. Barclays analysts shared a note with investors on Wednesday indicating a positive outlook for the next few years in the US marijuana space. According to a report from CNBC, the bank’s research shows the market could be worth approximately US$41 billion if the drug is fully legalized in the country, with US$28 billion generated for tax revenues. The marijuana industry in the US has flourished despite the continued federal illegality of the drug.
Hemp Land, Cannabis Hemp Blog, 10/07/2020 06:03:10