Legal sales hit the roof in 2015
Legal medical and adult consumer U.S. pot sales hit $5.4 billion in 2015, up 17.4 percent from $4.6 billion in 2014 according to ArcView Group. Adult use sales grew to $998 million from $351 million in 2014, according to the research. The report also believes that by 2020, legal market sales will hit $21.8 billion. Cha-ching.
The name game
Tastes, smells, highs, and colors. All these things matter – but none more so than names. We’ve all heard of Purple Haze, Sour Diesel, Pineapple Express. The list goes on. The industry as it grows is also seeing new names come on the market. Here’s a fun list of some of the better ones.
Facebook not ‘liking’ dispensaries
Though medical marijuana is legal in 23 states, Facebook apparently doesn't "like" it. Facebook pages run by three New Jersey dispensaries and others across the country have been deleted. No word from Facebook yet.
New Mexico: 61% want legalization
Three out of five New Mexicans believe that state law should permit retails sales of marijuana to adults, according to data by Research & Polling Inc. and commissioned by the Drug Policy Alliance. Sixty-one percent of respondents support legislation to regulate and tax retail sales of marijuana to 21+. Respondents’ support rose to 69 percent when pollsters indicated that sales taxes would be used to fund health-related programs.