Arizona’s medical cannabis market on track for big money; industry growth a draw for investment, says Adam Trenk, Rose Law Group partner, director of cannabis and hemp departments

 
Arizona’s medical marijuana is Number Eight in a list of top 10 legal marijuana markets in the United States, two analytical companies have found.
/Veronicatxoxo via Pixabay

By Joe Evans | Phoenix New Times 

It’s fair to say the 2010s have been the decade of American cannabis.

Since Colorado and Washington state legalized recreational-use cannabis back in 2012, the cannabis industry has been booming worldwide. Cannabis sales worldwide have more than tripled, booming from $3.4 billion to $10.9 billion between 2014 and 2018. Experts predict sales to grow up to as much as $200 billion by 2030.

The final year of the decade has been no different, especially for the Grand Canyon State.

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“Whether recreational marijuana passes or not, the steady and sustainable growth of the legal cannabis industry continues to make business investment in this industry desirable. The only barriers to entry are legal hurdles that are easily navigable with the right counsel.”


~Adam Trenk

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