The legal marijuana industry in the U.S. could grow to be worth $50 billion over the next decade, eight times its current size, according to a recent market analysis. Nine states have pot-related initiatives on the ballot this November, five to legalize the drug for all adults and four to allow it for medical use.
If California votes to legalize pot (the Golden State already permits medical use), that alone would potentially triple the nation's existing $6 billion pot industry. Currently, four states (Alaska, Colorado, Oregon, and Washington) and the District of Columbia have legalized recreational marijuana, while 25 states allow medical use.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
How many people are working illegally in the UK?The Explainer Government vows 'nationwide blitz' on illicit workforce believed to number in the hundreds of thousands
-
The week's best photosIn Pictures A devastating flood, a hungry manatee, and more
-
6 helpful (and cute) phone accessoriesThe Week Recommends Answer the call of style
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
Economists fear US inflation data less reliablespeed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress codespeed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirementspeed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff displaySpeed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
