The Rise of ‘Weed Inc.’

By:
Weed

Washington and Colorado decriminalized the recreational use of marijuana on Jan. 1. Is this the start of a ‘green rush’?

How much legal marijuana is sold?

About $1.5 billion a year already — but most of that is from medical marijuana. First legally approved for medical uses in California in 1996, pot is available on prescription in 20 states and the District of Columbia, to relieve pain in conditions ranging from cancer to “writer’s cramp.” So even before Jan. 1, 2014, known as “Legal Day One,” more than 2.5 million Americans carrying special cards could buy weed from licensed dispensaries.

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