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Americans and Canadians spend a lot of money on marijuana. How much? According to a report from Arcview Market Research, a marijuana market research firm, citizens from the two nations forked out $53.3 billion in 2016. To put that in proper perspective, that's more money than what was spent at...

A new report estimates consumers spent $53.3 billion on cannabis in North America last year. The first-of-its-kind analysis, compiled by ArcView Market Research, spans legal, medical and illegal marijuana markets across both the United States and Canada. At around $46 billion, the illegal...

In case you missed it, cannabis was the real winner of the 2016 U.S. Presidential election when eight states legalized the recreational use of the herb. With demand for cannabis increasing — especially since components of the plant have been found to be quite medicinal — the U.S. economy is...

Sales of marijuana grew 30% in 2016, and as long as acceptance continues to gain steam, the industry could hit $20.2 billion in North America within four years, according to a marijuana market research firm. Cannabis sales are projected to grow at a compound annual rate of 25%, from $6.7...

Proponents of legalizing and regulating recreational marijuana received some good news Tuesday, as a new market research study pegged the total value of legal North American sales of the drug in 2016 at $6.7 billion. That was a 30 percent rise over the previous year, according the report...

Denver – Legal cannabis is booming, and with Colorado netting $1 billion in legal, regulated sales in the first 10 months of 2016, the industry's growth isn't showing any signs of slowing. Sales of both recreational and medical cannabis hit $1.1 billion by October, according to analysis of...

Over a billion dollars has been raised in the cannabis industry in 2016 according to Viridian Capital Advisors. The billion dollar line was crossed last week in part with C$40 million raised by OrganiGram Holdings, Inc. The deal will allow for the build out and expansion of the company's...

Colorado has reached new heights when it comes to the Marijuana industry. Last October, they have reached the $1 billion mark on all legal, weed-related sales. Colorado was the first state in the US to legalize the recreational and medical use of Marijuana. Since 2012, residents have been...

Canada's push to legalize marijuana could be a "game changer" for the recreational pot industry with the potential to reach $6 billion in sales by 2021. The federal government is planning to legalize recreational marijuana in Canada by 2017 with sales likely to commence in 2018. A vast...

The marijuana market is about to boom. Voters in four states approved legal recreational pot on Tuesday. Four more states expanded access to medical marijuana. All told, it could expand the national market to $21 billion by 2020, according to New Frontier Data, which partnered with the...

Voters in Maine have approved a ballot question that legalizes recreational marijuana for adults 21 or over, The Associated Press reported Thursday. Question 1 makes it legal for a person 21 or older to use marijuana. The state will put a 10% sales tax on the drug and allow social clubs and...

California is the world's sixth largest economy, only outpaced by the US (as a whole), China, Japan, Germany, and the UK. The Golden State's economic output for 2015 came in at $2.46 trillion. Let's be clear: We're talking about a single US state economy compared with those of entire...

A legal market for recreational marijuana could give Canada's economy a boost of up to $22.6 billion annually, says a new study from business services firm Deloitte. The study estimates that marijuana sales, even initially, would be at least as large as hard liquor sales in Canada, at around...

Sales would surpass the combined totals that come from beer, wine and spirits If recreational marijuana is legalized in Canada, it could generate a nearly $23 billion industry in the country, a new study suggests. Sales would surpass the combined totals that come from beer, wine and...

There is an overwhelming number of propositions on this year's statewide ballot. - 17 in total. As part of our You Decide 2016 coverage we're breaking down each one of these measures over the next several days. In this report, Monte Francis takes a look at two tax measures and a move to...

There is an overwhelming number of propositions on this year's statewide ballot. - 17 in total. As part of our You Decide 2016 coverage we're breaking down each one of these measures over the next several days. In this report, Monte Francis takes a look at two tax measures and a move to...

Marijuana sales in the state of Washington topped one billion dollars since voters approved the sale of recreational pot in 2014. In July the Liquor and Cannabis Board consolidated medical and recreational pot under the same regulations, boosting July sales to more than 121 million dollars...

Although it remains prohibited at the federal level, 23 states have in recent years approved the use of marijuana for medical purposes, while 4 states (Washington, Oregon, Colorado and Alaska, plus DC) also allow recreational use by adults. This year is a tipping point: a further 7 states are...

Dispensaries in Washington state have sold more than $1 billion worth of recreational marijuana since weed was legalized in 2014, a Seattle newspaper reported. Pot shops have sold over $1 billion worth of non-medicinal marijuana since July 2014, in turn generating more than $250 million for...

It's time to start taking marijuana stocks seriously. That's because they're about to offer incredible profit potential thanks to the rapid growth of the legal pot industry. According to ArcView Market Research, U.S. companies that sell legal marijuana will rake in $6.7 billion in sales by...