Published: July 15, 2015 1:36 p.m. ET
If all 50 states were to fully legalize pot, it could generate big sales
That’s according to GreenWave Advisors, an industry research firm that tracks retail sales in the four states and the District of Columbia that have already legalized it. Those markets have experienced explosive growth since marijuana was approved, demonstrating the strong opportunity for industry players and state governments eager to gather the tax on sales and replenish their coffers.
The sale of recreational marijuana in Washington began July 8, 2014, and has steadily grown to $31.9 million in June from $2 million in that first month, or a total of nearly $180 million for the first 12 months, according to…
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