NEW YORK, March 10, 2017 /PRNewswire/ -- The U.S. could see significant economic benefits from the expanding legal cannabis markets. According to the Cannabis Industry Annual Report published by New Frontier Data, the legal cannabis market is projected to reach $24.1 billion by 2025 and could generate $2.3 billion in state tax revenue from retail sales by the year 2020. The estimate is based on the assumption that the number of legal states remains the same and all states continue their projected growth. As the pace of cannabis legalization in the United States accelerated in recent years, the legal cannabis market could become a major driver for the economy.
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