THE GRASS GETS GREENER
Once again, here’s more economic news that would leave the old hippies of yore shaking their heads in disbelief.
“Cannabis-related businesses now employ more people than there are dental hygienists and bakers in the United States and will soon surpass the number of telemarketers and pharmacists,” reports Marijuana Business Daily, an industry publication that tracks the trends.
“With demand for recreational cannabis increasing and patient counts continuing to rise in many medical programs, the potential for further growth in existing markets is high,” says editorial director Chris Walsh, who expects U.S. marijuana retail sales to rise by 30 percent to some $6.1 billion.
“Additionally, we expect retail marijuana revenues to rise by up to 45 percent in 2018, followed by another major spike in 2019, when annual sales could surpass $11 billion,” adds Mr. Walsh.