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...

Rate this article: 
Region: 

This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.