The Blunt Truth: Cannabis Retail Is Here

It’s a growth industry where the potential is high, but retailers and consumers are both on a steep learning curve.

 
Just a year after legalizing recreational marijuana, Colorado’s licensed retailers in 2016 notched nearly a billion dollars in sales, surprising many observers who didn’t reckon the higher priced goods could compete with the black market.

Just two years on, Cowen & Co. analysts, noting how swiftly more states are moving to bless adult use, boosted their U.S. cannabis market target by $25 billion, saying in a report released in April that they anticipate the industry “to generate $75 [billion] in sales by 2030.”…[READ MORE]

Source: The Blunt Truth: Cannabis Retail Is Here | retaildive.com

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