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Biotechnology’s Response to the Burgeoning Medical-Marijuana Industry

Biotechnology’s Response to the Burgeoning Medical-Marijuana Industry

David Drake
Chairman of LDJ Capital  Posted: 09/10/2014 3:53 pm EDT

Legal sales of marijuana have already reached $2.6 billion so far this year. Most estimates predict sales from medical marijuana will likely reach $3 billion by the end of 2014, up from $1.5 billion in 2013. A recent Huffington Post article cited studies that predict that legal marijuana sales could bring in between $7.4 and $8.2 billion in revenue by the year 2018.

Marijuana can be grown legally in 23 states and the District of Columbia; and another 11 states have limited legal access, often for research purposes, according to the National Conference of State Legislatures.

http://www.huffingtonpost.com/david-drake/biotechnologys-response-t_b_5788736.html






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