Marijuana is now bigger than Viagra and Cialis combined.

Marijuana
Marijuana

Legal marijuana sales have officially hit the big time and it is shocking to see some of the products that legal weed is outselling.

In the U.S. smokers, jokers, and midnight tokers will spend a whopping $5 to $6 billion on legal cannabis this year. Obviously, whenever you are talking about billions of dollars, that’s big business…

But when you compare marijuana sales to some other big consumer products, you start to get an idea of just how large this market will be.

Last year, Americans spent more on legal marijuana than they did on Viagra and Cialis — combined. Twice as much, in fact.

The same goes for music streaming services like Apple Music and Spotify.

Sex, drugs, and rock and roll are still alive and well, it seems.

Here are a few other major consumer staples that will be dwarfed by this massive new industry. Heck, most of them go hand-in-hand with the marijuana market…

  • Ice Cream — $5.1 billion
  • Frozen pizza — $4.4 billion
  • Tequila — $2.3 billion
  • Girl Scout Cookies — $776 million
Related Article:   Man high on synthetic marijuana decapitates wife and kills his dogs.

By 2021, marijuana sales could reach a staggering $17 billion. That would overtake movie tickets ($11.1 billion) and the NFL ($13.3 billion)

And these are conservative estimates!

Keep in mind that the “black market” for marijuana is estimated to be between $45 to $50 billion. As more states open themselves up to legal marijuana sales, the shady parking lot deals will give way to legitimate deals.

Marijuana is only legal in eight states for recreational use and 29 states for medical use. That number will grow. Arizona, Connecticut, Hawaii, Kentucky, Maryland, Mississippi, Missouri, New Hampshire, New Jersey, New Mexico, New York, Pennsylvania, Texas, and Wyoming all have active measures to legalize marijuana this year.

It has also been approved for full-scale recreational use in Canada starting next year. Estimates put sales at $10 billion a year soon — more than Canadian beer sales.

Related Article:   Sex and Marijuana.

These figures come from “Marijuana Business Factbook 2017″, an annual report and survey from Marijuana Business Daily.

Here are some other takeaways from the report…

  • Legal marijuana had an economic impact of $16 billion to $18 billion in 2016, a number that could rise to $68 billion by 2021
  • The number of people working in the cannabis industry — somewhere around 200,000 — is more than those employed as massage therapists, bakers, and dental hygienists.
  • The average marijuana business has a profit margin of about 19%
  • The average number of customers per day at a recreational marijuana shop is 119

These numbers are going to keep growing as the entire world opens their shops to legal cannabis.

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