Legal Marijuana Sales Exceeded $45 Million on April 20 (4/20)

There was over $45 million in legal marijuana sold on April 20 (4/20), the unofficial cannabis holiday, according to a new report.

MJ Freeway, a leading provider of seed-to-sale tracking for the cannabis industry, reports that cannabis retail sales for April 20 exceeded $45 million, a 20% increase compared to the 2016 holiday.

Prior to 4/20, MJ Freeway predicted a 20% increase in retail cannabis sales and a 10% increase in customer traffic. MJ Freeway’s predictions and reports are based on sales data figures compiled through analysis of their majority cannabis retail market share.

Read moreLegal Marijuana Sales Exceeded $45 Million on April 20 (4/20)

Legal Cannabis Sales Expected to Reach $23 Billion in 4 Years (Infograph)

Last year there was $5.7 billion in legal cannabis sales sold throughout the Untied States, According to a new report, that number is set to more than quadruple to $22.8 billion by 2020; just 4 years.

According to the newly released 4th Edition State of Legal Marijuana Markets Report from ArcView Market Research and New Frontier, most of the increase will be attributed to an large boost in recreational cannabis sales, as more states legalize the plant, and as states that have already legalized it expand the number of retail outlets in operation.

Below is an infograph, provided to us by USA Today, visualizing the above-mentioned report:

Read moreLegal Cannabis Sales Expected to Reach $23 Billion in 4 Years (Infograph)