Legal marijuana: A $44 billion business by 2020?
The growing acceptance and legalization of marijuana is helping the U.S. cannabis industry expand well beyond niche status. It's forecast to pump from $24 billion to $44 billion annually into the country's economy by 2020, according to an industry publication.
At the upper end of that forecast, published in the Marijuana Business Factbook 2016, it means sales of medicinal and recreational marijuana and related products and services would nearly equal the annual revenues of such Fortune 500 firms asFedEx (FDX) and Lockheed Martin (LMT), should current trends continue.
Put another way, that $44 billion is just shy of Panama's $46.2 billion GDP and ahead of Serbia's $43.9 billion. Even if the industry publication's forecast is a bit puffed up, cannabis is clearly heading for the big time.
Jack Herer (Sativa)
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Diablo OG (Hybrid)
Diablo OG Lime green buds wrapped in thick, dark orange hairs with striking crystals. It has a very dank pine smell with a hint of lemon and a sweet and flowery OG taste. The instant effects are relaxing and pain relieving, a loosening of the muscles and a light numbing of the mind. A great appetite stimulant. Diablo has a THC content up to 20% with a short flowering time. Descended from Blueberry, Grapefruit and South African Sativa.
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