The marijuana industry could reach $22 billion in revenue by 2021 ― even if Trump cracks down

pulse

March 24, 2017 11:27 AM

The US legal marijuana industry is expected to survive the Trump presidency, according to new market research.

An employee at the Venice Beach Care Center tends to plants at a medical marijuana dispensary in Los Angeles, California.

There's a looming question that hangs over the legal marijuana industry: What changes will President Trump— and attorney general Jeff Sessions — make ?

A new report from cannabis market researcher The Arcview Group suggests the budding industry may be more resilient than some initially thought.

Legal weed in North America is expected to reach $22.6 billion in revenue in 2021. An annual growth rate of 27% is likely to continue over the next four years, even if Trump's administration and the US Department of Justice opposes the industry, the report predicts.

Despite uncertainty caused by "mixed signals coming out of the administration," Troy Dayton, CEO of Arcview Market Research, says it will not impact the growth of the market.

Press Secretary Sean Spiceralso gave an ominous warning to the industry. At a

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