Legal Marijuana Sales Hit $5.4 Billion in 2015, Report Says
It’s not just heat lamps in closets and nickel bags anymore: Marijuana is getting some respect as legal sales take off.
This week two marijuana analysis and investment firms released a summary of a report that appeared to confirm that the industry hasbecome a gold rush. National legal sales of cannabis grew to $5.4 billion in 2015, up from $4.6 billion in 2014, according to the firms, the ArcView Group, based in San Francisco, and New Frontier, based in Washington.
Demand is expected to remain strong this year, with a forecast of $6.7 billion in legal sales, the report said.
The promises and headwinds of the industry are potentially far-reaching and attracting notice on Wall Street. As more states legalize marijuana sales, analysts are weighing the stock market benefits of new businesses ascannabis goes corporate. Funds are considering the ethics of investing in marijuana. Parents are even debating whether to allow their children to buy the stocks.
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Sour Grapes (Hybrid)
A hybrid of Grape Ape and the legendary Sour Diesel, this strain is gaining more and more popularity. The buds are medium-sized, light-green and astonishingly coated with sticky trichromes. The aroma from these near-perfect nugs is fragrantly similar to white wine, citrus and fruit, with undertones of sour dank. The buds are somewhat fluffy and noticeably soft.
Platinum Bubba (Indica)
An indica-dominant hybrid with an exceptional parentage of Platinum Kush and the renowned California strain Bubba Kush, the buds of Platinum Bubba Kush are populated with a metropolis of trichromes, whose potency should not be taken lightly. Suitable for indoor as well as outdoor cultivation, Platinum Bubba Kush will flower for between 8 and 9 weeks, producing large, chunky buds that reek of dank, Kush and skunk. She tends to finish at an average indoor height of 4 feet, and is a great choice for beginning gardeners, due to her natural resistance to diseases and pests, as well as her lush and hardy growth tendencies.
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