How much is the Pot Worth?

The marijuana industry, be it legal or illegal, is big business, but just how big is it? Given the facts that cannabis’ legality and enforcement of laws around it varies from region to region. However, with recent shifts in legal policy in some countries as well as different investigative reports have yielded some interesting results. According to one source marijuana globally generates over one hundred and forty billion dollars a year, but who does that break down per country? Well, let’s look at a few.

UK
It should be stressed that estimates of revenue are difficult to make given the fact that cannabis dispensers in countries like the United Kingdom, however rough estimates are not impossible to make. According to a report referenced in the Guardian performed by the Institute for Social and Economic Research legalizing and taxing cannabis in the UK could yield £ 1.25 billion per annum for the government, and that’s just the tax.

USA
In the States for another example, the cannabis industry is already worth billions and some sources project that ganja is soon to surpass the smartphone industry and the National Football League in terms of annual revenue, and this may perhaps happen within a few years! This is attributed by some authors to the plants increasing legality which is gaining momentum across the nation. Regardless whether or not the cannabis industry does or doesn’t overtake a certain industry in the coming years it will get to be even bigger than it is now.

Canada
Another country where marijuana is in a legal grey zone depending on which province you’re in some research have determined that cannabis could be worth a great deal of money just in British Columbia. According to researchers taxation of cannabis would bring in about half a billion dollars each year. Other estimates place Canada’s nationwide medical marijuana market alone has a net worth of about one point three billion dollars per annum.
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