Legal cannabis sales in the U.S. last year reached $6.7 billion, a growth of 30 percent, according to an ArcView Group market research report outlined by the International Business Times. The growth is faster than the dot-com boom of 2000.

Tom Adams, ArcView’s editor-in-chief, said that the figures are almost unprecedented in U.S. history. The firm expects the market to exceed $20 billion by 2021 with a 25 percent gross domestic growth rate, outpacing the 22 percent rate seen during the tech boom.

“The only consumer industry categories I’ve seen reach $5 billion in annual spending and then post anything like 25 [percent] compound annual growth in the next five years are cable television (19 [percent]) in the 1990s and the broadband internet (29 [percent]) in the 2000s,” he said in a Forbes report.

And although many cannabis industry professionals are concerned about how the incoming Donald Trump administration will affect the sector, ArcView’s chief executive Troy Dayton believes Trump will allow states to decide their own policies regarding legal cannabis sales.

“It’s one of the few things he has been consistent on,” Dayton said, noting that 21 percent of the total U.S. population lives in legal cannabis markets.

According to the report, ArcView has assisted investors in placing $91 million with 135 mostly private legal cannabis companies since 2013.

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    An upstart design/build/create/help/strategize agency based in the Pacific Northwest. We help good people & companies get the recognition they deserve through clever, honest communication and the right look. We love working with cannabis brands who set a high bar for quality and who emphasize the positive impact that cannabis legalization will have on the world.

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    The Dispensary Partnership Program uses data collected from patients, via Releaf App, to provide business analytics to dispensaries (USA) and licensed producers (Canada). This data service is creating a new class of dispensaries that are driven outcomes and patient results. The dispensary partnership program shows symptom-specific patient ratings & analytics for the specific cannabis batches and products in a dispensary’s inventory. Dispensaries use this information to give more informed recommendations at the counter.

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    4blooms is San Diego’s first marijuana-specific marketing agency. The agency works with businesses involved in all aspects of the cannabis industry across the U.S., from growers to dispensaries to smoke shops. The team’s deep experience in web development, design and marketing makes 4blooms able to handle all aspects of business operations.

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    Mac & Fulton Talent Partners is the premier recruiting agency for the indoor gardening and cannabis industries. For our client companies and candidates, M&F takes on the role of trusted partner and advisor in the development of long-term relationships. To this end, M&F's approach to recruiting and staffing in the cannabis space is founded on the understanding that our success is always determined by yours.

  • Portable Smoke

    Portable Smoke is your online destination for purchasing portable discreet items for your smoking needs. We recognize that smoking may be a discreet and a recreational activity to participate in alone or with trusted friends. As a result, we specialize in selling grinders and bowls that you can hide right under everyone’s nose.

  • CannaPlanners

    CannaPlanners is a full service design and web agency, dedicated to normalizing the cannabis industry through professional and beautiful design services. From logos to packaging design, trade-show materials to t-shirts and hats - we've got all your creative needs covered. Our turnkey WordPress site builder allows for great-looking sites at affordable rates. Let our creative team tell your story!

  • Steep Hill

    Steep Hill is the world's leading cannabis science and technology company with significant footprints in lab testing, research and development, licensing, genetics, and remote testing. No other company brings these sectors into one synergistic whole. With the goal to provide "best practices" in cannabis testing, we provide expert consulting services to legislators and regulators in many countries around the world. Steep Hill: Leading the Science of Cannabis. Globally.

  • CannaSafe Solutions

    CannaSafe Solutions is the one-stop-shop for all the safety needs of your cannabis growhouse, dispensary, lab, or edibles manufacturing facility. We provide all of the safety equipment and apparel you need to protect your employees, your plants, and your business.

  • Cannabis Cash Solutions

    At Cannabis Cash Solutions we specialize in automating cash handling for marijuana-related businesses. Our turnkey cash management system makes it easy to start protecting your investment today.

  • Go Green Hemp

    GoGreen Hemp specializes in everything CBD. We sell directly to consumers as well as to wholesalers and those interested in white label products. Our current product line consists of Gel Capsules, Gummies, Oil Drops and Balms.

  • Hardcar

    HARDCAR is a world class asset protection and armored transportation company From ground breaking cybersecurity to robotics and custom built solutions to meet customer demand we believe in real customer satisfaction not lip service.

  • PayQwick, Inc.

    PayQwick’s mission is to bring well-established, proven payment processing, regulatory compliance and banking services to the licensed recreational and medical marijuana industries, thereby reducing the risk of violent crime, illegal money laundering and violation of state marijuana regulations. PayQwick serves state licensed Producers, Processors, Wholesalers, Distributors, Dispensaries and Retailers.

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