The legalised marijuana industry is the fastest-growing industry in the U.S. If the trend towards legalisation spreads to all 50 states, marijuana could become larger than the organic food industry.
According to data by Ameri Research Inc., the global legal cannabis market was valued at US$ 14.3 billion in 2016 and is forecast to grow US$ 63.5 billion by 2024. The rising demand of marijuana for recreational use and medical use is a key factor driving the growth.