US Medical Marijuana Sales Seen At $1.7B-Report

March 23rd, 2011 by admin Leave a reply »

(Updates with new information in sixth through eighth paragraphs about See Change Strategy.)

The U.S. medical marijuana market will reach $1.7 billion in sales this year, according to a report by See Change Strategy LLC.

The market, which nearly rivals Viagra’s $1.9 billion in sales, is expected to double in the next five years as the number of patients grows and more states adopt laws allowing the sale of marijuana for medicinal purposes, according to the …

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