California on Pace to Sell $4 Billion of Cannabis This Year

California on Pace to Sell $4 Billion of Cannabis This Year
California on Pace to Sell $4 Billion of Cannabis This Year

From Cannabisnow.com: 

For recreational marijuana sales in California — the nation’s most populous state, and the nation’s oldest and most entrenched marijuana market — it was never a question of billions. It was always a question of “how many” billions. And, just four months into the era of recreational cannabis sales, we now have an idea: At least four, with many more to come.

After watching adult-use cannabis consumers tear through more than $1 billion worth of marijuana a year in Colorado and Washington — states with a fraction of the population — it was safe to assume California’s appetite for legal cannabis would be bigger. The state is is not expected to release official sales estimates for the first three months of the year until May, according to the San Diego Union Tribune. But in the meantime, all signs are that the country’s largest cannabis market is booming and at a pace to render figures from the country’s first two legal cannabis markets quaint memories.

Read the full story here