7/7/16 Silicon Valley Investors Are Finally Getting Marijuana Religion - Bloomberg
"The stigma surrounding the $7.2 billion marijuana industry is evaporating as Americans grow increasingly comfortable with the concept, more states allow medical and recreational use, and pot businesses start generating healthy profits."
"With Arcview projecting a tripling of medical and recreational marijuana sales to $22.8 billion by 2020, it’s easy to see why Microsoft and other corporations are piling in."
"Pot speculators are hoping to capitalize on a new gold rush in California... "The rush is on for sure," said Troy Dayton, CEO of Arcview Group, a cannabis investment and research firm based in Oakland, California."
"Arcview estimates California's legal market for cannabis is a $2.7 billion industry in 2016, and it forecasts it will grow to a $6.4 billion market by 2020, when including both medical and adult use markets."
6/29/16 Modern Day Marijuana Moguls Have Actor Tommy Chong To Thank - Fox Business
"Arcview Market Research projects demand for cannabis in legal markets will surpass $22 billion by 2020. Arcview CEO Troy Dayton says the growth presents an opportunity for a select group of celebrities."
"'One of the few ways for a brand to get ahead is to attach themselves to someone who is already known,' says Dayton."
6/25/16 Growing medical marijuana could mean big business in Maryland. Here’s who wants in. - The Washington Post
"The people lining up to profit from Maryland’s legal medical-marijuana market include former sheriffs and state lawmakers, wealthy business executives and well-connected political donors, according to previously undisclosed public records obtained by The Washington Post."
"Arcview estimated in February that cannabis sales in Maryland would total $9.7 million the first year, likely starting in mid-2017, and reach $60 million by 2020."
6/25/16 Arguably the Most Important Marijuana Decision Ever Is Just Weeks Away - The Motley Fool
"If the regulatory agency were to reclassify marijuana as anything other than a schedule 1 substance, then medical marijuana would immediately become legal throughout the U.S., thus opening the door for medical marijuana businesses to prosper. It would also remove those aforementioned disadvantages holding the industry back."
"The growth figures are huge. ArcView Market Research, a leading cannabis research company, suggests that 30% compound annual growth is possible between 2015 and 2020. This would put the legal-marijuana industry on pace for nearly $22 billion in sales by 2020, based on ArcView's estimated $6.7 billion in legal sales for 2016."
"The marijuana industry is budding, and venture capitalists are taking a page from the tech industry as they look to get in on the ground floor."
"CEO and Co-founder of venture capital and private equity firm The ArcView Group Troy Dayton forecast that the marijuana industry will grow from a $7.1 billion market this year to a $22.8 billion by 2020."
4/20/16 Legal marijuana sales tripled in 2015 - CNN Money
"Sales of recreational marijuana are booming in the few states where it is legal"
Maggie Lake interviews Troy Dayton, CEO of The ArcView Group, a cannabis industry research firm, about what's next in the business of weed.
4/20/16 7 Most Powerful People in America's Marijuana Industry - Fortune
"Already, the burgeoning industry has produced a number of notably savvy businesspeople who could be the future of cannabis in America...Some leaders from the world of politics, science, media and other fields are having a big impact on this young industry."
"Co-founder of ArcView, Troy Dayton serves as CEO of the investor network and has also served as a board member of the advocacy group the Marijuana Policy Project and the National Cannabis Industry Association...ArcView's latest report on the legal marijuana market estimated the industry will hit $6.7 billion in total U.S. sales this year and could reach $21.8 billion by 2020."
"The size of the market for legal marijuana in the United States is projected to grow to $7.1 billion in 2016, according to a report by New Frontier and ArcView Market Research. That represents 26% growth over the previous year, driven largely by adult recreational sales of marijuana, the researchers found."
"The states that have legalized weed are seeing windfalls in “green” taxes, such as the $70 million that Colorado took in during the 2014-15 fiscal year. That’s nearly twice as much revenue than the state earned from alcohol taxes. Colorado is expected to generate $135 million in cannabis taxes and licenses fees in fiscal year 2015-16, according to ArcView."
4/11/16 In California, Marijuana Is Smelling More Like Big Business - The New York Times
"After decades of thriving in legally hazy backyards and basements, California's most notorious crop, marijuana, is emerging from the underground into a decidedly capitalist era. Under a new state law, marijuana businesses will be allowed to turn a profit...and limits on the number of plants farmers can grow will be eliminated."
"'People are definitely salivating over the California market,' said Troy Dayton, chief executive of the ArcView Group, a research firm in the Bay Area that specializes in marijuana.'"
"Overall, state-regulated marijuana sales reaches $5.7 billion in 2015, up nearly 24 percent from the prior year - boosted by growth tripling in the recreational market, according to 'The State of Legal Marijuana Markets' report from ArcView Group, an Oakland, California-based investment network for cannabis start-ups."
"'They are really barking up the wrong tree if their opinion is that the Justice Department should be going after people who are following state law in states that have decided to go this route,' said ArcView CEO Troy Dayton. 'The public is behind us, and at the end of the day public officials ultimately answer to the public.'"
3/30/16 Whoopi Goldberg founds medical marijuana company for women - USA Today
"Whoopi Goldberg is lending her name and financial backing to a new line of medical marijuana products designed specifically for women."
"By launching in California, Goldberg and partner Maya Elisabeth are entering one of the world's largest marijuana marketplaces, with California producing $2.7 billion in sales last year, according to the cannabis-focused data firms New Frontier and ArcView Market Research."
3/27/16 Legal marijuana could be a $1.1 billion industry in Mass. by 2020 - Boston Globe
"If Massachusetts voters approve an expected ballot measure this fall legalizing the recreational use of marijuana, the state could become home to a $1 billion cannabis industry by 2020, according to a report."
"The research, released last week by the marijuana data and investment firms ArcView Market Research and New Frontier, predicts the advent of legal marijuana would make Massachusetts a thriving hub of "canna-tourism" in the Northeast, depending on whether neighboring states also legalize marijuana."
3/20/16 Legal marijuana sales forecast to hit $23B in 4 years - USA Today
"Marijuana is rapidly becoming a big, semi-legal business across the country, with $5.7 billion in sales last year and tens of thousands of people working and paying taxes as they cultivate, package, and sell cannabis."
"The industry is only expected to grow in 2016, particularly if California voters this fall decide to legalize recreational use, according to the newly released 4th Edition State of Legal Marijuana Markets Report from ArcView Market Research and New Frontier, a cannabis-focused data-analysis firm. Much of the increase is attributed to adult use market sales, which hit $1.3 billion last year. By 2020, adult use and medical marijuana sales are expected to reach nearly $23 billion, triple this year."
2/11/16 Colorado's Legal Marijuana Industry Is Worth $1 Billion - Fortune
"Legal pot sales jumped by more than 42% in Colorado last year, pushing the Centennial State’s revenue from marijuana taxes and fees to a new high."
"A recent report from ArcView Market Research predicted that the legal cannabis market will grow by 25% this year to reach $6.7 billion in total U.S. sales, and that the total could approach $22 billion in sales by 2020."
2/4/16 Legal Marijuana Sales Hit $5.4 Billion in 2015, Report Says - New York Times
"This week two marijuana analysis and investment firms released a summary of a report that appeared to confirm that the industry has become a gold rush. National legal sales of cannabis grew to $5.4 billion in 2015, up from $4.6 billion in 2014, according to the firms, the ArcView Group, based in San Francisco, and New Frontier, based in Washington."
"The summary, released before a full report scheduled for the end of February, was one of the latest by market analysts to scrutinize the emerging marijuana industry."
2/4/16 Edible Weed May Be Half of the $5.4 Billion Pot Business - Bloomberg
"Many people have heard of rapper Snoop Dogg’s Leafs brand of pot edibles, but there are scores of companies popping up across the country, with names like Dixie Elixirs, Incredibles, and BlueKudu, adding new items to the marijuana menu."
"U.S. sales of legal cannabis reached $5.4 billion in 2015, up from $4.6 billion the year before, according to ArcView Market Research. "
2/3/16 Legal Cannabis Sales Could Hit $6.7 Billion in 2016 - Inc.
"Across 23 states and Washington, D.C., recreational and medical sales have surpassed $5.4 billion in 2015, up from $4.6 billion the year before, according the fourth annual State of Legal Marijuana Markets report."
"The ArcView Group, a cannabis investment and research firm, and New Frontier, a marijuana big data and analytics company, co-published the report, using data collected from government agencies, legal cannabis businesses, drug law reform advocates, and academic and medical institutions. The industry as a whole grew 30 percent year over year."
"The $5.4 billion in legal pot sales outpaces the magnate and presidential candidate's $4.5 billion net worth and dwarfs the $1.7 billion cost of NASA’s Space Shuttle Endeavour. And weed sales will overtake the price of a nuclear-powered aircraft carrier in a few years."
"Analysts from ArcView Market Research and New Frontier Data unveiled their annual report on the size of the legal pot market Monday, showing a 17% increase over 2014."
2/3/16 Tech start-ups hope for marijuana sales growth - CNBC
"The start-up world can expect to see a different kind of green in the next few years if the marijuana business grows as rapidly as some expect."
"Legal marijuana sales grew to $5.4 billion in 2015, up from $4.6 billion in the prior year, and sales are expected to grow by 25 percent to about $6.7 billion this year, according to research firm Arcview's latest marijuana market report."
2/3/16 Legal marijuana sales netted $5.4 billion in 2015, on track to hit $20 billion by decade’s end - The Washington Times
"The $5.4 billion spent on legal medical and recreational marijuana last year is around $500 million more than what was brought in during 2014, making 2015 “a watershed year for the legal cannabis market,” according to the executive summary of report released on Monday by ArcView Market Research and New Frontier Data, two marijuana industry market research groups."
"“Many in the business and financial sector have taken a ‘wait and see’ approach to the legal cannabis industry. The new data confirms what pioneer investors and entrepreneurs suspected. Legalization of cannabis is one of greatest business opportunities of our time, and it’s still early enough to see huge growth,” said Troy Dayton, the CEO of ArcView"
2/2/16 Americans spent more on legal weed than on Cheetos and Funyuns combined last year - The Washington Post
"Americans spent $5.4 billion on legal medical and recreational marijuana last year, according to new estimates from ArcView Market Research and New Frontier Data, two marijuana industry market research groups."
"A 30 percent annual growth would put the legal marijuana industry at something like $22 billion in annual revenue by 2020, according to ArcView. ArcView is encouraging investors to jump in: "Legalization of cannabis is one of greatest business opportunities of our time, and it’s still early enough to see huge growth," the group writes in the introduction to its report on new marijuana sales estimates."
2/2/16 Cashing in on Legal Cannabusiness - Foreign Policy
"According to ArcView’s new report, created in collaboration with New Frontier Data, U.S. sales grew 17 percent in in 2015 — from $4.6 billion in 2014 to $5.4 billion last year."
"ArcView, which is based in Oakland, California, where recreational marijuana remains illegal, produces the most widely cited reports on legal marijuana markets, which are expanding sharply because of shifts in popular opinion and the growing number of states that have decriminalized usage. “Investors, regulators, and business operators are our biggest audience,” ArcView CEO Troy Dayton told Foreign Policy."
2/1/16 Legal Marijuana Sales Could Hit $6.7 Billion In 2016 - Fortune
"As voters in more states embrace legalized marijuana sales, the burgeoning cannabis industry has gone from a curiosity to a bona fide booming market."
"ArcView Market Research will release its fourth edition of The State of Legal Marijuana Markets report, and it includes the prediction that the legal cannabis market will see a whopping $21.8 billion in total annual sales by 2020. "
2/1/16 Legal US pot sales soar to $5.4B in 2015: Report - CNBC
"Legal U.S. pot sales soared to $5.4 billion for 2015, up 17.4 percent from $4.6 billion in 2014, according to data released Monday by the ArcView Group, which tracks the cannabis markets."
"And 2016 is also shaping up to be an equally robust year with strong demand. ArcView estimates the legal market could grow to $6.7 billion in sales. "You won't find another industry growing at that kind of clip", said Troy Dayton, chief executive of the ArcView Group."
2/1/16 U.S. Legal Adult-Use Marijuana Sales Grow 184% in One Year - Forbes
"U.S. adult-use marijuana sales rose 184% in the past year, according to a new report from New Frontier and ArcView Market Research. ArcView’s estimate for the legal cannabis industry is $5.4 billion for 2015, a big jump from 2014′s $4.6 billion."
"“Many in the business and financial sector have taken a ‘wait and see’ approach to the legal cannabis industry. The new data confirms what pioneer investors and entrepreneurs suspected. Legalization of cannabis is one of greatest business opportunities of our time and it’s still early enough to see huge growth,” said ArcView Group CEO Troy Dayton."
2/1/16 Marijuana sales hit record growth in 2015, says D.C.-based New Frontier Financials - Washington Business Journal
"Recreational, or adult, sales of marijuana increased 184 percent in the states that have legalized it, according to a new analysis of legal marijuana markets by D.C.-based New Frontier Financials and ArcView Market Research."
"New Frontier bills itself as a firm that produces unbiased financial reports analyzing the marijuana market. ArcView is a California-based group that collects data but also participates in the industry by connecting investors with businesses. They project sales will reach $21.8 billion by 2020, with recreational use comprising more than half the market."
2/1/16 Annual Pot Sales Blaze to $5.4 Billion, With Many Highs Ahead, Study Finds - US News and World Report
"State-legal sales of marijuana jumped nearly 20 percent to $5.4 billion last year, according to a market analysis report released Monday, which projects average annual growth of 30 percent through 2020."
"“It shows the legal cannabis industry is to be taken seriously,” says Troy Dayton, CEO of the ArcView Group, a prominent cannabis investor network that commissioned the report."
2/1/16 Women cash in on the marijuana boom - CNN Money
"Medical or recreational marijuana is legal in 23 states and the District of Columbia. As legalization has increased, so have sales. In 2013, the industry was at $1.8 billion."
"In 2015, it was estimated at $5.4 billion (accounting for evolving business models), according to the ArcView Group, a cannabis-focused investment and research firm."
2/1/16 Recreational marijuana sales hit nearly $1 billion in 2015 - Market Watch
"Sales of recreational cannabis — which is legal in Colorado, Washington, Oregon, Alaska and the District of Columbia — grew 184% year over year, from $351 million in 2014 to $998 million in 2015, according to a report by cannabis analytics firm New Frontier and Arcview Market Research."
"The report estimates that the recreational and medical industry is worth about $5.4 billion — up from $4.6 billion in 2014 — and will continue to grow by 30% annually. Oregon, Alaska and Washington, D.C. were the most recent states to legalize recreational cannabis during the November 2014 elections."
1/13/16 Will 2016 Be the Year of Cannabis? - Huffington Post
"The prospects of legal cannabis in 2016 have come a long way in the last two years. In 2014 the cannabis industry exploded when legal sales of cannabis for personal use began in Colorado and Washington State, the Rohrabacher amendment finally passed in the House of Representatives, and the sky did not come crashing down."
"It seemed like the floodgates opened as business interests began to take notice and the gains of that year (74% market growth in 2014 according to the ArcView Group) bled over into 2015."
12/30/15 Legal Marijuana In The United States Hurting Mexican Drug Cartels, Farmers - International Business Times
"Small-scale Mexican marijuana farmers say the loosening of marijuana laws across the U.S. has increased competition from growers north of the border and could put them out of business."
"Meanwhile, the legal market for marijuana in the U.S. grew from $1.5 billion to $2.7 billion between 2013 and 2014, according to the ArcView Group, a cannabis industry investment and research firm in Oakland, California."
11/25/15 The inevitable legalization of pot sets off a new California Gold Rush - L.A. Times
"Here at the New West Summit, everyone seemed busy. Hedge fund managers and venture capitalists mingled with medical cannabis dispensary owners, app developers and all manner of cannabis entrepreneur. Publicists and certified public accountants worked the rooms, looking for new business. The whiff of money was almost as strong as the whiff of cannabis, both of which intensified as the conference unfolded."
"The amounts of money are staggering. Troy Dayton of the ArcView Group, which has invested $57 million to date in cannabis businesses, expects industry revenue to leap from $2.7 billion in 2014 to perhaps $11 billion by 2019."
11/17/15 Silicon Valley’s Unlikely New Frontier - Wall Street Journal
"Eaze is one of several tech ventures targeting the roughly 2.5 million legal marijuana users in the U.S. and their suppliers in the 26 states where pot if legal. Established companies are hesitant to associate themselves with the business, but startups are rushing in. Several tech companies are providing marijuana farmers, retailers, and customers the kind of data-driven tools that are typical to more conventional industries."
"Part of the allure is the scope of growth for legal cannabis. This year, the size of the market for legal cannabis in the U.S. is expected to expand by nearly 86% on top of a 74% jump to $2.7 billion in 2014, according to marijuana investment and research firm The ArcView Group."
11/11/15 Silicon Valley Tries to Alter Your Perception of Cannabis - New York Times
"People in the marijuana industry have lately taken to saying that legal marijuana is the next Internet, an untrammeled new market opportunity that is just waiting for its own big brands, the Google and Facebook of pot."
"The ArcView Group, a company that connects investors to cannabis businesses, estimates the American legal cannabis industry generated $2.4 billion in sales in 2014, up 74 percent from 2013. Legalization will lead to continued growth of at least double-digit percentage points for the rest of the decade, according to Troy Dayton, the chief executive of the ArcView Group."
10/29/15 As marijuana legalization grows, nonprofits becoming more comfortable accepting pot donations - Associated Press
"As marijuana legalization matures, businesses are becoming more ingrained in their communities by donating cash and time to charities - a sign that the stigma of selling a drug that remains illegal under federal law may be fading."
"Enter the highly profitable legal marijuana industry, which was worth $2.7 billion in 2014, according to industry investment and research firm The ArcView Group. But the industry's profitability, and the charities' need for contributions, is only one reason nonprofits and pot businesses have developed relationships."
9/22/15 Willie Nelson's New Legal Pot Brand Just Scored Private Equity Funding - Fortune
"Country music legend Willie Nelson has teamed up with private equity investors looking to cash in on the latest celebrity-endorsed venture in the burgeoning marijuana industry.'
"The market for recreational weed has expanded in recent years, with legalization effort in Colorado and Washington spreading more recently to Alaska and Oregon, with the latter's legal market expected to launch next month. The market for legal marijuana sales is also growing - especially with more states expected to vote to legalize the drug in some form in the coming years - and it could reach nearly $11 billion in annual revenue by 2019, according to cannabis industry research form The ArcView Group. As such, celebrities ranging from Nelson and Snoop Dog to singer Melissa Etheridge and comedian Tommy Chong have embarked on business ventures that look to cash in on the growing industry."
"It seems fitting that a plant called Mary Jane could smash the patriarchy. After all, only the female marijuana flowers produce cannabinoids like the potent THC chemical that gets users buzzed. Pot farmers strive to keep all their crops female through flowering female clones of one plant, called the Mother. And women are moving into the pot business so quickly that they could make it the first billion-dollar industry that isn't dominated by men.'
"Despite it's illegal federal status, the marijuana business is one of the nation's newest and fastest-growing industries. Regulated weed (medical and recreational) made $2.7 billion in revenue in 2014 alone, up from $1.5 billion in 2013 (medical only, the first recreational shops weren't open in Washington and Colorado until January 2014). By 2019, the pot sold in all states and districts with legalization is projected to reach nearly $11 billion yearly, according to estimates by ArcView Market Research, an Oakland, California-based pot-focused investor network and market research company."
8/13/15 The Bank of Weed is Open for Business - Yahoo
"Oh, no big deal, it's just a marijuana get-together. A bunch of guys are chatting, about weed, yes. But the talk is also about revenue, and futures, and even the NASDAQ. Turns out, we're at a convention center for a business expo on cannabis. And it's crawling with straight-laced financiers and ex-Wall Streeters."
"Welcome to the new Gold Rush - or Green Rush, as they're calling it. Last year alone, sales of legal pot reached around $2.7 billion, up a whopping 74 percent, from $1.5 billion, in 2013, according to the ArcView Group, an industry investment firm."
7/11/15 Pot Politics: The Marijuana Business Comes to Washington - NPR
"State by state, the legal marijuana business is slowly gaining ground. The industry is using both an increasingly favorable public opinion toward marijuana and a newly legal cash flow to try to transform itself into a force in national politics."
"Predictions abound about a future of 'big pot.' ArcView, a cannabis industry research firm, put the size of the legal marijuana market at $2.6 billion in 2014. Another study by a pro-marijuana group said the industry, if fully legalized across the country by 2020, could be worth $35 billion each year."
7/4/15 Silicon Valley meets Bob Marley - The Economist
"Men in suits swarmed everywhere, but not one spliff or bong could be seen. Any doubts that the legal marijuana (or cannabis) industry is now a serious business soon disappeared after a few hours at the ArcView Investor Network forum in Denver on June 26th."
"The legal cannabis business is the 'fastest growing new industry around', says Troy Dayton, the chief executive of ArcView, a network of cannabis investors, predicting sales of $3.5 billion this year (not including related products such as vaping devices), up from $2.7 billion last year and $1.55 billion in 2013."
6/15/15 Could pot strengthen US-Israel ties? - CNBC
"'Many people would probably be surprised to know that Israel has become synonymous with marijuana over the years because of research conducted by its top scientists and professors. Now a group in New York state wants to bring the best of that know-how to America.'"
"Almost half the states in America have legalized the use of medical marijuana, but New York is just starting the process of licensing medical marijuana operations after just legalizing it earlier this year. Economic concerns should quicken the approval process, if the folks in Albany are paying attention. According the the ArcView Group, a cannabis investment fund that tracks industry numbers, the legal market for both recreational and medical marijuana nationwide will be $3.5 billion this year.'"
6/10/15 Big funding for vaporizers suggests confidence in cannabis biz -SF Gate
"'High end vaporization is definitely a key trend in the cannabis industry,' said Troy Dayton, co-founder of the cannabis industry analysis firm ArcView Group. 'The joint is becoming obsolete. People want to taste the cannabis in a way that is less harmful. They want to have the latest gadget.'"
"The marijuana market has boomed 74 percent over the past year to $2.7 billion, with California - where only medicinal pot is legal - accounting for nearly half of that, according to a report by industry analyst ArcView. If pot were legalized in California next year -- at least one legalization measure is expected to be on the ballot -- ArcView projects that 'the entire industry could rapidly double in size.'"
6/9/15 'Alternative' Investments: Marijuana and Climate Change -Barron's
"First comes the product itself, second comes ancillary products, and third comes the infrastructure of related services...by that measure, the legal cannabis business is rapidly accelerating into stage three, as an ecosystem of financial and other services quickly grows up."
"It's not surprising given that sales of legal marijuana soared to $2.7 billion last year from $1.5 billion the year prior, according to the ArcView Group, an investment and research firm focused on cannabis...ArcView's 470 member investors have poured some $41 million into 54 weed companies of late."
4/30/15 Is the marijuana business right for you? -CBS News
"Could your next job be in the legal marijuana industry? It's already the fastest-growing business in the U.S. and is expected to generate $10.8 billion in sales in 2019, a huge increase from $2.7 billion seen in 2014, according to ArcView Market Research."
"This growth has fueled a hiring boom. Colorado's industry alone has created 10,000 jobs, according to one report. Thousands more may come on line as the industry continues to evolve."
4/20/15 Marijuana start-ups: Industry grows new entrepreneurs -CNBC
"With almost half of the country having passed legislation that legalizes marijuana to one extent or another, the pot economy has bred a new wave of entrepreneurs looking to cash in on America's newest legal cash crop."
"Last year alone, marijuana brought in about $2.7 billion to states that have legalized it, whether medicinally, recreationally or both. The projection for 2015 is $3.5 billion, according to the ArcView Group, a cannabis investment fund that tracks industry numbers."
"With marijuana flourishing into a big business in the US, a new segment of the market catering to aging and ailing pets has been growing under the radar...Unlike its edibles for humans, Treatibles products, which are sold in dispensaries, aren't made from marijuana but from hemp- Hemp contains cannabidoil, or CBD, a chemical compound that alleviates pain."
"The legal weed market raked in $2.7 billion in revenue in 2014, and one estimate by the ArcView Group, a network that connects investors with cannabis startups, projects the insustry to top $10 billion in sales by 2018."
4/3/15 Looking for a job in the legal marijuana business? There's an app for that -Yahoo Finance
"At the end of 2014, 15,992 people were licensed to work in the marijuana industry in Colorado alone, an increase of 143% over the previous year."
"A recent report from The ArcView Group, a cannabis research and investment firm, dubbed legal marijuana the fastest-growing industry in the U.S. and valued it at $2.4 billion in 2014 - the year legal, recreational marijuana sales first started in Colorado. ArcView is expecting the industry to grow by another 32% this year."
3/31/15 Inside the Cannabis New-Money Dating Game -MJINews
"'2014 was the year where the cannabis industry went from being an interesting cocktail conversation to something any serious business person has given a fleeting thought,' said Troy Dayton, cofounder of The ArcView Group."
"Unlike other new industries, the demand for cannabis and related products already exists, driving the sector's rapid growth. The industry grew from $1.5 billion in 2013 to $2.7 billion in 2014 - a 74% increase in one year, according to The ArcView Group's latest market analysis report."
3/25/15 Techies profit from the booming pot business -Yahoo Finance
"'We found that between 2013 and 2014, legal retail and wholesale cannabis sales grew from $1.5 billion to $2.7 billion, a 74 percent increase,' said Troy Dayton, CEO of the ArcView Group, a cannabis industry investment and research firm based in Oakland, California."
"Dayton predicts a 33 percent rise this year, to $3.5 billion. And that's just for legal weed alone. 'Assuming that full legalization happens in the U.S. someday, we're looking at an industry about the size of the wine industry and larger than organic foods."
3/15/15 Legal Marijuana Growers Are Moving From Warehouse To Greenhouse, And Technology Firms Are Capitalizing On The Shift -International Business Times
"As the industry becomes more commercialized over the next several years, growers are looking to get out of the typical warehouse-grow operations...For technology companies and their investors, the migration from dank basements to industrialized greenhouses offers an enticing way to capitalize on the legal pot boom."
"The U.S. market for legal cannabis jumped 74% in 2014 year over year, to $2.7 billion from $1.5 billion, according to the ArcView Group, a cannabis-industry research firm in Oakland, California. Analysts project the market could grow more than fourfold to $11 billion in the next five years, assuming more states soften their stance on marijuana."
3/9/15 Pot startups cash in on wave of legalization -CNN Money
"A wave of pot legalization hasn't just been a boom for growers. A slew of other businesses are jumping on the bandwagon as well."
"The U.S. market for legal marijuana soared 74% to $2.7 billion between 2013 and 2014, making it the fastest growing industry in the country, according to a report from the ArcView Group, a cannabis-focused investment and research firm. It's expected to reach $3.5 billion in 2015."
3/3/15 DC Cashes In on the Legal Marijuana Industry -VICE
"Just days after marijuana became legal in the nation's capital, cannabis connoisseurs arrived in the city to claim their new territory, flocking to a Holiday Inn on Capitol Hill for the city's first-ever cannabis convention."
"The legal market for marijuana ballooned to $2.7 billion last year, up 74 percent from 2013, according to ArcView Group, an investment and research firm. Colorado, which in 2012 became the first legal state to fully legalize and regulate recreational marijuana use, reported last week that the industry has created 9,400 new jobs in the state. Another recent report predicted the legal weed market could generate $35 billion a year by 2020 if current legalization trends continue."
3/2/15 Pot nation gains new territory, but cashing in requires patience -Fortune
"With the new law, Alaskan residents over the age of 21 are now free to carry up to an ounce of marijuana and grow as many as six marijuana plants at home. Marijuana retail stores will eventually be able to open after officials complete details about permitting."
"It comes as no surprise that people would be interested in setting up shop within the legal cannabis industry after it kicks off in Alaska. The legal cannabis industry grew 74%, to $2.7 billion, in the U.S. last year, according to research from marijuana-focused venture capital firm The ArcView Group."
2/12/15 Big Pot Security Detail: Marijuana Security Industry draws Military Vets -International Business Times
"While transportation and security logistics are difficult for marijuana business owners, they are an opportunity for the right kind of security teams. Military training is a perfect prerequisite for this line of work."
"Legal marijuana is one of the fastest-growing industries in the United States. The market grew 74 percent last year to $2.7 billion, up from $1.5 billion in 2013, according to data from ArcView, and could be worth between $20 billion and $35 billion within the next five years, by some estimates."
2/9/15 Could the Marijuana Industry take over the Organic Food Market? -Mainstreet
"When asked on a panel if Whole Foods would ever sell cannabis, Whole Foods CEO John Mackey reportedly said only if the plant were legal to use and the local community approved. 'John Mackey said he could definitely see a gourmet cannabis section at Whole Foods,' Dayton told MainStreet."
"The 3rd ArcView State of Legal Marijuana Markets report found that if legalized nationwide, the marijuana market would surpass the $33.1 billion organic food industry by about $3 billion."
"When advocates campaigned to legalize weed in Colorado and Washington states in 2012, they argues it was better to take the cash away from Mexican cartels and put it into taxes."
"According to a new report by The ArcView Group, a cannabis industry investment and research firm based in California, legal marijuana sales rocketed 74 percent in 2014 to a new high of $2.7 billion. And with more states legalizing weed - Alaska, Oregon, and Washington, DC voted to join the legal stoners in November - it predicts this growth pace could continue for several more years straight."
2/3/15 Fear and Loathing in Legal Territory -Seattle News
"This past November, Alaska, Oregon, and Washington, D.C. all passed ballot measures to legalize recreational use for adults, joining Washington and Colorado. For the first time, a majority of the U.S. population thinks marijuana should be legal."
"According to ArcView research, an estimated $2.7 billion of legal weed was sold in the U.S. last year (a 74 percent increase from the $1.5 billion in 2013). Sixteen million Americans admitted to having fired up in the last month. As the ranks increase, the industry is projected to grow to $10.8 billion by 2018, and $40 billion by 2020, making it bigger business than the NFL or the organic food industry."
1/26/15 Study Shows 74% Growth in the Cannabis Industry in 2014 -Yahoo Finance
"It seems like years since an entirely new market emerged in the U.S., but the cannabis industry has quickly become one of the fastest growing sectors in the states."
"The ArcView Group conducted a study which showed that the legal cannabis industry grew 74% in 2014, making it the fastest growing market in the U.S. Colorado, the first state to legalize recreational use of the drug, saw $805 million worth of sales in 2014; $315 million of which came from recreational sales."
1/26/15 Legal Marijuana is The Fastest-Growing Industry in the U.S.: Report -Huffington Post
"Legal marijuana is the fastest-growing industry in the United States and if the trend towards legalization spreads to all 50 states, marijuana could become larger than the organic food industry, according to a new 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."
11/23/14 Marijuana Shops Seek Holiday Surge With 'Green Friday' -Bloomberg
"While Washington is the only other state currently allowing recreational sales, voters in Alaska, Oregon and the District of Columbia approved similar measures on Nov. 4. The legalized pot industry in the U.S. will be worth about $2.3 billion this year and may grow to more than $10 billion by about 2018, according to the San Francisco-based ArcView Group, which invests in the industry."
"This 'green rush' generated $207 million in recreational pot sales in Colorado during the first nine months of the year, according to the state Revenue Department. In that period, recreational and medical marijuana combined to raise $52.5 million in revenue for the state through taxes, licenses and fees."
11/18/14 Bob Marley family launches global pot brand -Marketplace Business
"The family of Jamaican-born reggae star Bob Marley launched a first-of-its-kind global cannabis brand on Tuesday. Called Marley Natural, it will hit the market in late 2015 - and is aimed at both medical and adult-recreational use (21 and over)."
"Legal marijuana sales are expected to grow from $2.4 billion in 2014 to $10 billion by 2018, according to the cannabis investment group ArcView. The meteoric growth in revenue is predicted on an expected transition of marijuana buying habits, from buying it on the illegal black market to purchasing it in state-regulated and taxed retail stores and dispensaries."
11/16/14 Political Eye: Marijuana could equal tax revenue for Nevada -Las Vegas Review-Journal
"There could be gold in cannabis in terms of tax revenue if Nevada voters in 2016 ultimately approve the recreational use of marijuana for adults, based on estimates for Oregon and Alaska."
"Estimates made by ArcView Market Research's team for the two states, which passed marijuana legalization initiatives Nov. 4, show projected first-year retail sales of nearly $200 million in Oregon, which has a population of 3.9 million."
"As the midterm elections approach Tuesday, businesses in select states have much at stake with ballot proposals that include legalizing marijuana use and raising minimum wages...more that 3,500 jobs have been created through the state's cannabis industry from the beginning of 2013 through the first quarter of this year, according to the recent data from the Colorado Department of Labor and Employment."
"America's legal wholesale and retail cannabis industry already reached $1.5 billion in 2013, according to the ArcView Group, which invests in cannabis businesses and collects related data. The sector is forecast to grow to $2.6 billion by this year's end, and to $10.2 billion by 2018."
“Multiple public opinion polls show at least 80% of Florida voters across party lines support the legalization of pot for prescription drug use.”
“The National Cannabis Industry Association cites a recent study by Arcview Market Research that concluded the national market for legalized medicinal and adult-use pot generated about $1.44 billion in industry value in 2013. The projected market for 2014 is $2.34 billion.”
9/9/14 California’s Legal Pot Market Poised to Explode-Daily Democrat
“As marijuana use has become more mainstream, a veritable smorgasbord of professionals and young startups has popped up to feed off and support the pot culture. Lawyers, accountants and real-estate brokers are going after pot clients like hogs to truffles.”
“The legal pot business in the United States, including both the newly legalized retail operations in Washington and Colorado and the medical-marijuana use now allowed in California and 22 other states, is expected to grow this year to $2.6 billion from $1.5 billion in 2013, according to the ArcView Group, a San Francisco-based marijuana research and investment firm. In five years, that number could swell to more than $10 billion.”
8/20/ 14 “Bud’-ding pot industry lights up a whole new economy- NY POST
“Hemp American Media Group, of Scottsdale, Ariz., started as a hobby with just one site in 2009, but now boasts 12 sites as the industry grows. Business is going so well that Hemp American is looking to raise $150,000 to hire some full-time developers to help them create "marijuana related games" and mobile apps for their job site."
“The pot industry in the US is estimated to grow by 68 percent this year, to $2.57 billion. The industry could grow by another 700 percent over the next five years, to $10.2 billion, according to ArcView Group, which also connects investors to pot startups.”
8/11/14 Shocking Prediction #5: Marijuana Will Be Fast Tracked For 50-State Legalization In 2015 – Yahoo Finance
“Either the Federal government is going to have to man-up and start actively prosecuting marijuana users, or it will have to give in and allow for the full-scale legalization of the drug.”
“The State of Legal Marijuana Markets report, released in early January by ArcView Market Research, estimates legal cannabis hit $1.43 billion in sales in 2013 and that it will grow 64% to $2.34 billion in 2014.”
8/06/14 How Big Pot is Wooing Women- The National Journal
“The goals of the group are threefold: To rebrand pot as an industry that's female-friendly; to foster female leadership at the highest levels; and to persuade more women to buy cannabis and participate in consumer culture.”
“Nationally, the legal marijuana market was estimates to be worth $1.53 billion in 2013, according to a report form ArcView Market Research, an investor group specializing in the marijuana industry. And in five years, factoring in recreational legalization in at least Colorado and Washington states, it will be worth $10.2 billion, according to the same report.”
7/24/14 Meet Two Clean-Cut Entrepreneurs Making Weed Go Mainstream - Huffington Post
"But there's also a clear financial incentive to taking pot mainstream. The less stigma around the drug, the more people who might smoke it. And the more people who smoke it, the bigger the market will become."
"This year, the legal marijuana market in the U.S. will be worth over $2.5 billion, according to a 2013 report from ArcView Market Research. ArcView predicts the market could be worth more than $10 billion within five years."
7/23/14 Meet the Yelp for Medical Marijuana Dispensaries - Entrepreneur
"After California legalized the sale of medical marijuana, hundreds of thousands of people were left hunting down doctors willing to give them prescription cards and searching for local dispensaries...One entrepreneur wondered why there wasn't a better way. 'I realized that these dispensaries could use internet marketing,' says Justin Hatfield, CEO of weedmaps.com"
"San Francisco investment and research firm Arc-View Group has estimated that the burgeoning legal marijuana market will reach $2.7 billion this year. Hartfield welcomes other entrepreneurs interested in getting in on that action. "If you love this space, come on in," he says. "The water's warm."
7/22/14 Next Gold Rush: Legal Marijuana Feeds Entrepreneurs’ Dreams - The New York Times
"Hundreds of other people have found work on the edges of the industry. They sell water systems, soil nutrients, lighting and accounting services, like the 19th-century merchants who profited by selling picks and shovels to gold miners."
"With marijuana now legal for medical use in 23 states and Washington, D.C., and full legalization heading to the ballot in Alaska and Oregon, the size of the noncriminal marijuana industry is expected to grow to about $2.6 billion this year from about $1.5 billion last year, according to estimates by the ArcView Group, a marijuana research and investment firm in San Francisco."
7/11/14 Marijuana Industry a New High for Alternative Invesments? - Millionaire Corner
"Colorado's marijuana regulators issued its post-legalization market study Wednesday...The study estimates that total market demand for recreational and medical marijuana in Colorado is about 130 metric tones annually, which breaks down to about 121 metric tons for residents and almost 9 metric tons annually for visitors, who account for 44% of recreational marijuana retail sales in the Denver area."
"ArcView members have invested more than $10 million in 14 private cannabis-related companies, FA reports. An ArcView report assesses the U.S. national legal market value as $1.53 billion, comprising all states that have active and open sales of marijuana to people legally allowed to possess it under state law. It projects that the national market will grow 68 percent over the next year and reach $2.6 billion."
7/1/14 Having Your Cannabis Dreams Funded - Fox Business Risk & Reward
ArcView's CEO, Troy Dayton joins Risk & Reward to discuss business growth in the cannabis sector and the opportunities surrounding it. Check out this video to see how people like Canna Security America (CSA) are benefiting from the green rush.
6/23/14 Pot Investors Hear Pitches on Pot Apps at Denver Forum - Bloomberg
"With New York poised to become the 23rd state to allow medical marijuana and as Colorado marked the six-month anniversary of becoming the first state to sell pot recreationally to those 21 and over, there’s growing interest in cashing in on a market emerging from prohibition."
“The challenge is there is a lot of capital looking to be deployed, but in many cases investors are trying to find the right thing to invest in” say's Troy Dayton, ArcView’s chief executive officer.
6/19/14 How to Become a Billionaire Drug Trafficker.. All Legally - The Dollar Vigilante
"Massive paradigm shifts are when fortunes are made. Generational fortunes. And there has never been a confluence of massive changes happening all at once on a global scale like there is today."
6/11/14 Legal Marijuana, a Multibillion-Dollar Industry, Still Faces Legal Hurdles - Al Jazeera America
‘Fastest-growing industry in America’ employs many, but tax laws and access to banks remain obstacles.'
6/9/14 Recreational Marijuana: How One Denver Dispensary Is Soaring to New Highs - Natural Products Insider
"On Sept. 24, 2013, Andy Williams pitched his business to a group of investors before The ArcView Group. Until that meeting in Denver, Williams had found it virtually impossible to persuade investors—other than his mom—to sink cash into a family-owned business, Medicine Man. Times have changed. Medicine Man has raised $1.6 million in capital and is expanding its grow facility as part of a dream to develop a national brand in an industry that is barely six months old: recreational marijuana."
5/30/14 Investing in cannabis: ArcView CEO has one piece of advice for you - The Cannabist
“If you are going to play in the public markets or with any of the penny stocks, do a lot of research on these companies." - says ArcView's CEO, Troy Dayton.
5/29/14 Experimental Drugs - Monterey County Weekly
"ArcView predicts that even under the current regulations, the California cannabis market will reach $1.1 billion in 2014—and that an initiative expected to go before voters in 2016 will make it fully legal that year."
5/25/14 The rise of 'Weed Inc.' - The Week
"One marijuana investment firm, ArcView, predicts that within just five years [the cannabis industry] could be worth as much as $10 billion."
5/9/14 'Ganjapreneuers' scramble for chance at Florida medical marijuana industry - Tampa Bay Times
"Pot pioneers are already making money in the 21 states, plus the nation's capital, that now allow medical cannabis. America's legal-weed market is expected to bloom to $2.5 billion this year, and pass $10 billion in 2018, according to analysts with ArcView Group, a canna-business investment network."
5/8/14 Marijuana Boom Spawns Ancillary Businesses - LA Times
"Legal cannabis sales are expected to grow to $2.57 billion this year, up from $1.53 billion a year ago, according to ArcView Group, a San Francisco investment network and market research firm focused on legal cannabis."
4/19/14 If You Support Legal Marijuana, Memorize These 13 Stats - Huff Post Business
"$1.53 billion: The amount the national legal marijuana market is worth, according to a Nov. 2013 report from ArcView Market Research, a San Francisco-based investor group focused on the marijuana industry.
$10.2 billion: The estimated amount the national legal marijuana market will be worth in five years, according to that same ArcView report."
3/30/14 Luxury Pot Accessories: This Startup Wants to Class Up the Joint - Mashable
"A survey by the research arm of ArcView Group, a network of cannabis industry investors to which RODAWG belongs, valued the legal cannabis market at $1.53 billion in 2013, with a projected 68% increase for 2014."
3/27/14 The Secret Behind This Controversial Industry's Leader - Money Morning
"The San Francisco-based market research firm ArcView Group estimates the national legal marijuana market at $1.53 billion in 2013. ArcView expects sales to nearly double to $2.57 billion by the end of this year."
3/23/14 New York Grapples with Growing Movement to Legalize Pot - Times-Herald-Record
"Marijuana stocks with names like Hemp, Inc. and Medical Marijuana, Inc. are 'on fire' this year, according to a report in the U-T San Diego newspaper, which, like many publications, quotes an estimate from ArcView Market Research that says legal marijuana sales could total $2.3 billion in 2014."
3/14/14 The Economy of Pot - US News
"The ArcView Group, a San Francisco-based investing and market research firm for high-net-worth investors, estimates the national legal market (including recreational and medical marijuana) at $1.53 billion in 2013 and expects it to grow to $2.57 billion by the end of 2014, with marijuana sales in Washington and Colorado pulling in $316 million and $802 million, respectively. ArcView says the national market could reach $10.2 billion in five years."
3/10/14 The Most Controversial Essay We've Ever Published... - NASDAQ
"The State of Legal Marijuana Markets report, released in early January by ArcView Market Research, estimates legal cannabis hit $1.43 billion in sales in 2013 and that it will grow 64% to $2.34 billion in 2014.
To put that in context, that's a rate of growth faster than smartphones achieved. ArcView said more than 590,000 Americans will have bought pot legally from a retail storefront by the end of this year."
3/9/14 A Quick Lesson in the New Weed Economy from Colorado's First Ever Weed Job Fair - Motherboard
"The marijuana industry is growing, and it's creating a lot of jobs and economic fire. According to ArcView Market Research, the market will grow to a $10.2 billion industry in the next four years."
2/27/14 Marijuana will be the single best investment idea of the next decade: Todd Harrison - Yahoo Finance
"The legal marijuana market is estimated to grow 64% to $2.34 billion in 2014 from $1.44 billion, according to a recent report by the cannabis investment and research firm Arcview Group."
2/24/14 Banks Find Complications Remain for Financing Marijuana Businesses - Las Vegas Review Journal
"Aaron Smith [executive director of the National Cannabis Industry Association] expects regional banks or credit unions 'to be eager to move into the industry.' 'This is one, if not the fastest, growing industries in the country,' Smith said.
According to San Francisco-based ArcView Group, the legal cannabis industry will produce $2.57 billion in revenue in 2014. Smith said legal marijuana will be a $10 billion business by 2018."
2/14/14 In About-Face, Former Pot Opponents are now Investors - CNBC
"The nascent pot industry has attracted people from all quarters. Whether they are interested in investing in or consulting for cannabis businesses, the most unlikely candidates are jumping on the bud bandwagon.
For example, Pennsylvania State Sen. Daylin Leach was among more than 100 participants in Arcview Group's cannabis investor conference in Las Vegas in January."
2/13/14 Eight Cannabis Entrepreneurs to Watch in 2014 - Cannabis Now Magazine
"The ArcView Group – Declaring a 'new dawn for the cannabis industry,' the ArcView Group is an investor network that involves several major industry leaders including CEO Troy Dayton, a former fundraiser for the Marijuana Policy Project, Steve DeAngelo of Harborside Health Center and Tripp Keber of Dixie Elixirs. The group, open to accredited investors willing to put up at least $50,000, predicts a 64 percent growth in legal cannabis markets this year."
2/13/14 Marijuana Stocks: A Real Investing Opportunity or Not Worth the Hype? - The Motley Fool
"According to an oft-cited report by ArcView Market Research, the legal marijuana market may top $2.3 billion in sales this year."
2/3/14 Entrepreneurs Seek Profits From Pot - Wall Street Journal
"ArcView Group, a San Francisco-based investor network focused on the cannabis industry, estimates that the national legal marijuana market will grow 64% to $2.34 billion in 2014 and will reach $10.2 billion in five years."
1/8/14 Entrepreneurs, Investors High on the Pot Business - CFO
"The legal marijuana market in the United States was a $1.4 billion industry in 2013 and will grow to $2.3 billion this year, according to an ArcView Market Research report."
1/5/14 US pot stocks hit highs as Colorado legalizes marijuana - Taipei Times
"A study conducted last year by ArcView Market Research put the size of the national legal market at US$1.44 billion, a figure it forecast would rise to US$2.34 billion this year, helped in a large part by Colorado’s move.[...] Gains will come in the form of increased demand in existing state markets, as well as from new state markets coming online within a five-year horizon,” the research paper showed."
1/4/14 High Times launches private equity fund for marijuana investment - The Denver Post
"ArcView estimates that the country's legalized cannabis market, valued at $1.44 billion last year, could grow to $2.34 billion this year and reach $10.2 billion over the next five years as other states join Colorado and Washington in legalizing recreational marijuana use."
1/2/14 Mass Roots Building Digital Hub for Multi Billion Cannabis Industry - Xconomy
"For the parts of the cannabis industry that are following the law, market researchers are predicting great things. ArcView Market Research estimated in its annual “State of Legal Marijuana Markets” report that the industry was worth $1.44 billion nationwide in 2013 and is expected to grow to $2.34 billion in 2014. The report projects that in 2018—by which time ArcView expects that 14 states will have legalized retail sales of marijuana—the industry will be worth $10.2 billion."
1/2/14 Marijuana Stocks Hit Record Highs - Huffington Post
"In a study last year, ArcView Market Research put the size of the national legal market at $1.44 billion, and forecast a rise to $2.34 billion this year, helped in a large part by Colorado's move."
1/2/14 Marijuana legalization in Colorado reflects a maturing industry - Washington Post
"In its second “State of Legal Marijuana Markets” report, ArcView Market Research projected that the newly legal recreational sales in Colorado will add $359 million to the economy, while Washington stands to gain $208 million. "
12/30/13 Colorado To Blaze Marijuana Tourism Trail In 2014 With Legal Pot Shops - International Business Times
"Arcview Market Research predicts the market for marijuana nationwide will grow from $1.4 billion in 2013 to $2.34 billion in 2014. That staggering leap of 64 percent is thanks in no small part to the addition of recreational pot in Colorado and Washington (which is expected to open pot shops in the spring)."
12/30/13 NYE high: US counts down hours to legalise pot shops - Mail & Guardian
"The market is huge: from $1.4-billion in medical marijuana in 2013 it will grow by 64% to $2.34-billion in 2014 with recreational pot added in Colorado and Washington, according to Arcview Market Research, which tracks and publishes data on the cannabis industry."
12/23/13 US legal marijuana industry strives for legitimacy - Financial Times
"The growth of the market is going to benefit a lot of different businesses including those that deal directly with the plant and the ancillary businesses that are serving them,” says ArcView’s Steve Berg, a former managing director at Wells Fargo."
11/30/13 5 Jaw-Dropping Facts About Legal Marijuana - Daily Finance
"According to ArcView Market Research, the national market for legalized marijuana could hit $10.2 billion in five years."
11/19/13 The Winners and Losers of Marijuana Legalization - Daily Finance
"Legal marijuana, already a $1.4 billion industry, is one of the most rapidly expanding markets in the United States. A recent study by Arcview Market Research predicted the industry has the potential to reach over $10 billion within five years and experience growth outpacing that of smartphones."
11/7/13 Marijuana Business Growth Outpaces Smartphones, Industry Report Says - Financial Advisor Magazine
"Almost 600,000 consumers will purchase cannabis legally from a retail storefront in 2013, according to the report by ArcView Market Research, which is owned by The ArcView Group, the leading national network of investors in the legal marijuana industry."
11/5/13 America's Marijuana Industry Is Growing Like Weeds—Billions of Them - Takepart
"The gigantic estimated increase in [legal marijuana sales for] 2014 is, of course, due in part to Colorado and Washington's legalization of marijuana sales for adult recreational use. Colorado has also developed packaged marijuana and marijuana products to sell in select stores this January, driving industrialization according to ArcView Market Research’s report “The State of Legal Marijuana Markets 2nd Edition.”
11/5/13 A Budding Business: The Marijuana Market is Expected to be 10 Billion by 2018 - Fast Company
"Poised to bloom into a $10.2 billion market by 2018, marijuana sales will likely outpace the growth of smartphones, according to ArcView Market Research."
11/4/13 Marijuana Market Poised to Grow Faster than Smartphones - Huffington Post
"Cannabis is one of the fastest-growing industries," said Steve Berg, a former managing director of Wells Fargo Bank and editor of the report, the second edition of the State of Legal Marijuana Markets. "Domestically, we weren't able to find any market that is growing as quickly."