April 01, 2017 Features

Funding and Financing a Marijuana Business

Hilary Bricken

Though marijuana remains federally illegal, more than half of the states have various versions of legalized marijuana, with at least a half dozen more states expected to legalize within the next two years. With the growth in legalization, the potential for profits in the cannabis industry continues to increase at an exponential pace. The 2016 Marijuana Business Factbook predicts the cannabis industry will grow from a $14–$16 billion market in 2016 to a $44 billion market by 2020—an approximate 300 percent increase in just four years.1

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