NEW REPORT: U.S. Adult Use Marijuana Sales Up 184%

San Francisco, California, UNITED STATES

ArcView's 2015 Official Market Estimate is $5.4 Billion with a 30% compound annual growth rate between 2014-2020
New Frontier & ArcView collaborate on most comprehensive report ever

SCOTTSDALE, Ariz., Feb. 1, 2016 (GLOBE NEWSWIRE) -- At the ArcView Investor Network's quarterly gathering of high net worth cannabis investors, ArcView Market Research, the leading publisher of cannabis market projections and information in partnership with New Frontier, the cannabis Big Data and analytics authority, released the executive summary of the 4th edition of the State of Legal Marijuana Markets, which shows that the legal cannabis industry is one of the fastest growing industries in America with a compound annual growth rate of 30%. The official 2015 ArcView market estimate is $5.4 billion, up from the new estimate from 2014 of $4.6 billion. This was fueled primarily by explosive growth in adult use market sales, which grew from $351 million in 2014 to $998 million, a 184% year over year increase.

"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.

"It is undeniable that cannabis is one of the fastest growing industries in the U.S. Twenty-three states already permit medical cannabis use, along with four states and the District of Columbia allowing full adult use. With nearly a dozen states debating changes to their cannabis laws in the coming year, 2016 will be the tipping point in which a majority of U.S. states transition from cannabis prohibition to some form of regulated legal market," said New Frontier CEO Giadha DeCarcer.

This report represents a historic team effort to raise the bar for market information in the cannabis industry by marrying ArcView Market Research's years of experience and nuanced understanding of these markets with New Frontier's big data and analytics capacity.

The State of Legal Marijuana Markets 4th Edition combines in-depth industry understanding with rigorous analytics and vetted data to provide the most comprehensive and authoritative report in the cannabis market today. The full report will explore in detail the evolving national perceptions of cannabis and how social and demographic changes in the U.S. are fueling the rapid increase in support for legalization. It will also explore ways in which the social and economic outcomes of legalization are being weighed against the costs and consequences of prohibition.

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