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Washington State: From Tech Boom to Pot Boom
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Washington On Track to Be Second Largest US Marijuana Market
January 15, 2016
New Frontier Data’s analysis of the State of Washington’s cannabis market finds that:
  • The state’s market is currently the country’s third-largest in total sales, behind CA and CO
  • Its total 2016 cannabis market sales are expected to reach $1.2 billion.
  • Its total 2017 cannabis market sales are projected to reach $1.5 billion.
  • The state should see a compound annual growth rate of 15% between 2016 to 2020.
  • Its total 2020 cannabis market sales are projected to reach $2 billion.
  • By 2020 it is forecast to surpass Colorado as the second largest U.S. market. 

Over the past 18 months, Washington has undergone some of the most dramatic changes to any regulated cannabis program in the country. From lowering the tax rates to consolidating the medical and adult use markets into a single channel these changes are intended to streamline the market and eliminating structural inefficiencies. 
However, it will be at least another year before we understand the full impact of all the changes on product supply and consumer behavior. Learn more about our market projections and what is shaping this market in the 2016 Washington Legal Cannabis Market State Profile. 
Purchase Full WA Report Now!
Read the full article here.
Marijuana Industry Fears If Sessions Is Confirmed, Dispensaries Could Get Shut Down
Connecticut to Consider Legalizing Recreational Marijuana
The Wall Street Journal
 
Colorado Grants $2.3 Million For Marijuana Health and Safety Research
Entrepreneur

Read the full article here.
Survey: Majority Police Think Marijuana Laws Should Be Relaxed
U.S. News & World Report

Read the full article here.
Copyright © 2016 Frontier Financial Group, Inc, All rights reserved.

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