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Americans Bought More Legal Pot Last Year Than Cheetos And Doritos

Ksenia by Ksenia
February 5, 2016
in Entertainment
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Americans Bought More Legal Pot Last Year Than Cheetos And Doritos

An employee weighs portions of retail marijuana to be packaged and sold at 3D Cannabis Center in Denver, Tuesday Dec. 31, 2013. Colorado is making final preparations for marijuana sales to begin Jan. 1, a day some are calling "Green Wednesday." (AP Photo/Brennan Linsley)

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Americans Bought More Legal Pot Last Year

Americans spent $5.4 billion on legal marijuana last year. That’s a lot, but how much is that really, it’s hard to imagine that sum without a proper parable; some estimate that it is enough money to finance the New Horizons probe to Pluto, to send the Curiosity rover to Mars and even to buy a year output of Cheesecake Factory with leftovers. Wow! Is everyone stoned in the USA? There is no such info, but according to statistics (ArcView Market Research and New Frontier Data), we know who uses it the most: California, Colorado, and Washington residents are the top three users of legal marijuana in America.

Or, another example: the $4.9 billion Americans spent on Doritos, Cheetos and Funyuns combined in 2015. That’s half a billion less than they’ve spent on marijuana. And you noted that’s just spent on legal marijuana and it’s hard to say how much is spent illegally, but probably significantly more than that. Some policy experts estimate total spent to be between $15 and $30 billion and expect positive trend in following years, with even 30% of annual growth which makes this business very compelling for the investors:

“Legalization of cannabis is one of the greatest business opportunities of our time, and it’s still early enough to see huge growth,” ArcView write in the introduction to their report.

But there are still federal restrictions which make this business risky, so the USA may not all become green in the following years.

Americans Bought More Legal Pot Last Year

Source: denverpost

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Ksenia

Ksenia

Ksenija is a content marketer who has great fun writing for The Awesome Daily. Besides, she writes on Marketing, Management, and Leadership, especially on soft skills such as Communication and Emotional Intelligence. She owns an advertising agency helping businesses to get closer to customers and stand out from competitors, word by word.

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