With four years of legal cannabis under our belts here in Colorado, we’ve seen some fortunes created by bringing an enormous black market online as a wholly new and regulated industry. For those that are considering the opportunity created by Election Day legalization in their home state, we can point you to some interesting business ideas.
From edibles to security, the U.S. cannabis industry has opportunities for entrepreneurs and investors with the skills that can grow the business to $50 billion within a decade.
U.S. legal cannabis sales jumped 34 percent to $6.9 billion in 2016, according to ArcView Market Research. The research firm forecasts legal sales growth of 26 percent annually for the next five years, bringing the market to $21.6 billion by 2021.
