“After growing steadily in 2013 and 2014, marijuana-related investment surged in 2015 when the number of U.S. industry deals more than doubled over the previous year; the 99 deals totaled more than $200 million in new investment, according to data compiled by CB Insights. This year, the pace has slowed a bit as investors await election outcomes, but the analytics firm calculated 2016 is on track to post about 80 deals totaling nearly $100 million. Large Wall Street firms also have started to take notice and provide guidance to their clients. Merrill Lynch issued a report on medical marijuana opportunities last year, and, in September, Cowen released an encyclopedic look at the industry, projecting the legal market would grow to as much as $50 billion in a decade, up from $6 billion now. ” (“Investors Smell Profit in Marijuana Ballot Measures.” The New York Times. November 4, 2016)
“The Los Angeles-based cannabis firm MedMen projects legal pot sales in the U.S. could increase by $20.5 billion per year after voters in nine states weigh ballot measures that would legalize recreational marijuana.” (“Report: Marijuana Sales to Quadruple After Election.” The Hill. November 2, 2016)
“2015 was another watershed year for the legal cannabis market. National legal sales grew to $5.7 billion up from $4.6 billion in 2014. National sales were fueled by explosive growth in adult use market sales, which grew from $373.8 million in 2014 to $1.2 billion by the end of 2015; an increase of 232%. Demand is expected to remain strong in 2016 with legal markets projected to grow to $7.1 billion, a 26% increase over 2015.” (“The State of Legal Marijuana Markets – 4th Edition” ArcView Market Research. January 2016.)
“Despite being an industry in regulatory flux, investors continue to ramp up their activity in the legal cannabis industry. Q4’15 was a record for deals to startups in the space, with nearly 30 in the quarter. This is up from just 2 deals in the same quarter just two years ago. Funding also passed $65M, the second-highest funding quarter since the peak of $94M in Q1’15.” (“High Times: Cannabis Startups See A New Deal Record In 2015.” CB Insights. February 29, 2016
“Cannabis is one of the fastest-growing industries… Domestically, we weren’t able to find any market that is growing as quickly.” – Steve Berg, former managing director of Wells Fargo Bank
“Fourth quarter reports in 2013 have revealed that, when combined, the legal marijuana industries (medical and recreational) create the fastest growing market in the United States. Furthermore, the marijuana market is predicted to grow by 64 percent, to $2.34 billion, in 2014. Reports also predict that 14 more states will legalize marijuana for adult recreational use by 2018, potentially creating upwards of a $10 billion marijuana market in the United States.” (“Marijuana Market Poised To Grow Faster Than Smartphones.” The Huffington Post. November 14, 2013.)
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