Ingraham flags a new report (pdf) that estimates “legal cannabis could be an industry with revenues of $35 billion by 2020 if marijuana is legalized at the federal level”:
To put that figure in perspective, $35 billion represents more annual revenue than the NFL (currently $10 billion), and is roughly on par with current revenues for the newspaper publishing industry ($38 billion) and the confectionary industry ($34 billion).
Greenwave arrived at its numbers by considering existing and likely marijuana markets – medical and recreational – in states that already have them, as well as states that appear likely to open up such markets by 2020. According to the Huffington Post, Greenwave assumes 12 states plus DC will have legalized recreational marijuana in that time, with medical marijuana markets in 37 states. Currently 23 states have legalized medical marijuana, and two have legalized the plant for recreational use. Even without full federal legalization, Greenwave projects legal marijuana revenues of $21 billion.
The Dish 