Dollars and sense
North American marijuana sales grew by 30% in 2016 to $6.7 billion, according to ArcView Market Research, Oakland, Calif., and is expected to hit $20.2 billion by 2021, assuming a compound annual growth rate of 25%. As for the industry itself, research firm Cannabiz Media, Killingworth, Conn., says the industry is entering 2017 with 2,966 medical dispensaries and 3,973 retailers across the country, with more than 4,200 cannabis cultivators.