The U.S. cannabis industry has grown more than 200 percent over the last five years and now exceeds $7.3 billion, a new report shows.
The report, produced by PMMI, The Association for Packaging and Processing Technologies, projects the industry to reach $24.5 billion by 2020, with more than $13 billion in medical products and $11 billion in recreational products. Marijuana is currently legalized at some level in 30 states and is pending further legalization in 14 states.