Cannabis Industry Grows Rapidly, What This Means for Licensing
Increased legalization of recreational cannabis is projected to fuel skyrocketing growth rates of the US cannabis industry. According to Business Insider, by 2020, the industry is predicted to pump $44 billion annually into the economy, assuming current business and legislation trends. Other than from the actual product itself, revenues are also generated from licensing fees, taxes, cannabis tourism, employee spending, job creation and growth in real estate prices, and relate