Marijuana legalization won big on Election Day. It will keep winning
Marijuana legalization is looking more and more inevitable with every election
Wednesday, November 9, 2016
In California voters approved legalization. The country’s most populous state and biggest economy will allow people to buy marijuana for recreational use and, most importantly, let for-profit companies come into supply pot. There is a difference between local medical pot shops and the burgeoning marijuana industry that can rise from full legalization. A report from the investment bank Cowen estimated that legalization in California alone will triple the size of the current $6 billion legal pot industry within a decade. Another report from ArcView Market Research estimated that legalization in California would create a $6.5 billion market by 2020.