2 ms·
I think your estimate is way too low. The alcoholic beverage market in the U.S. has sales of something like $190 billion annually [1]. I think with legal marij
by metaphorm 12y ago
I think your estimate is way too low. The alcoholic beverage market in the U.S. has sales of something like $190 billion annually [1].
I think with legal marijuana a lot of people who would otherwise not be willing to use it will definitely be willing to. To a large extent recreational marijuana use and recreational drinking overlap. I would definitely consider the alcohol market to be a good indicator of potential market size for marijuana.
I don't think marijuana will get up to $190 billion or anything, and especially not in the short term. I do however think that its worth quite a bit more than $25 billion.
And that's just recreational marijuana. There is an entire separate market for medical applications that might be quite a lot as well.
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1. http://www.parkstreet.com/industry/alcoholic-beverage-market-overview/ http://www.parkstreet.com/industry/alcoholic-beverage-market...