Study Predicts a $5 Billion Market for Recreational Marijuana in California

recreational marijuana in California

In coming years, legal cannabis sales will add billions of dollars to California coffers and attract millions of domestic and foreign pot tourists to the state. This is according to a new study, funded and commissioned by the regulatory agency responsible for supervising the beginnings and workings of the new recreational marijuana market. Conducted by researchers from the University of California Agricultural Issues Center at the University of California Davis, the study estimates that recreational pot sales will account for roughly 60 percent of California’s cannabis industry in the future,…

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