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Home 🌿 Marijuana Business News 🌿 Some state companies find opportunity in growing market for legal marijuana 🌿Some state companies find opportunity in growing market for legal marijuana
The rapidly growing marijuana industry — legal to some degree in much of the country — is providing a still-small but potentially fertile bed of opportunity for companies in Wisconsin and other states where the drug remains outlawed.
A few firms here have actively positioned themselves as suppliers to pot growers and processors, viewing the sector as a logical extension of markets they already serve.
And some are selling to marijuana companies — hundreds have sprouted in states such as Colorado and Washington — but don't want to speak publicly about it.
In either case, they're tapping a market with retail sales that have nearly doubled over the last two years, to somewhere between $2.7 billion and $3.1 billion in 2015, industry watcher Marijuana Business Daily estimates.
The online publication projects sales of up to $8 billion by 2019, and pot producers and retailers need all sorts...
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