Legal Marijuana Sales Grow 74% in 2014

It is pretty clear that the legalization of Marijuana is paying off big time.  Sales of recreational marijuana has grown 74% in 2014 according to the investment firm ArcView.

The investment firm ArcView Group, which also performs cannabis research, claims in its State of Legal Marijuana Markets that the legal marijuana business skyrocketed 74 percent in 2014, from sales of $1.5 billion in 2013 to $2.7 billion in 2014. The report states that California, Colorado, Washington, Arizona and Michigan have all seen their markets grow to more than $100 million, and that Colorado, which led the way as the first active adult use market, sold $805 million worth of marijuana in retail and wholesale.

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