Legal marijuana is the fastest-growing industry in the U.S., and if the trend toward legalization spreads to all 50 states, marijuana could become larger than the organic food industry, according to a report obtained by The Huffington Post.
Researchers from The ArcView Group, a cannabis industry investment and research firm based in Oakland, California, found that the U.S. market for legal cannabis grew 74 percent in 2014 to $2.7 billion, up from $1.5 billion in 2013, and it is projected to be $37 billion after full legalization. The cannabis movement is spreading like wildfire across the U.S. and any businessperson with an eye for profit is taking notice. Freedom Leaf, Inc. (OTC: FRLF) publishes a print and online magazine highlighting every aspect of the flourishing business from education, fashion, and lifestyle to consultation services for prospective entrepreneurs.
Twenty-three states now have significant revenue from both medical and recreational marijuana and are putting it to good use. Legal marijuana in Colorado alone has generated more than $15 million in tax revenue that is specifically designated for public schools, according to the latest data from the state’s Department of Education.
A majority of doctors are supporting the medicinal benefits of the cannabis industry as well. In a worldwide poll of clinicians, 76 percent believed that the pros of marijuana outweigh the cons. Within the next five years, the legal cannabis industry is expected to make more money than the U.S. film industry, the organic foods industry, and more than triple the revenue of the NFL, according to the New England Journal of Medicine.
Freedom Leaf is the voice for the increasingly sizable minority and is relaying its message to the masses via its print and digital resources. Even many high profile politicians are supporting this movement – the Koch Brothers, Rick Perry, Kofi Annan, Jeb Bush, Barack Obama, and Nancy Pelosi all support marijuana law reform.
The future is definitely bright for the cannabis industry, and having a key mouthpiece – Freedom Leaf – is essential for the assimilation and distribution of information to the public. As the old saying goes, the pen is truly mightier than the sword.
For more information, visit http://freedomleaf.com
Let us hear your thoughts: Freedom Leaf Inc. Message Board