Real Estate +23%
LEGAL CANNABIS +74%
From Global Post
MEXICO CITY — As President Barack Obama trumpets that the United States economy is back on track, industry groups are shouting over who’s growing faster.
The accounting sector boasted 2014 growth of 11 percent; computer systems of 14 percent; and real estate of a whopping 23 percent, says financial information group Sageworks.
However, one industry may have beaten those hands down: legal marijuana.
According to a new report by The ArcView Group, a cannabis industry investment and research firm based in California, legal marijuana sales rocketed 74 percent in 2014 to a new high of $2.7 billion. And with more states legalizing weed — Alaska, Oregon and Washington, DC, voted to join the legal stoners in November — it predicts this growth pace could continue for several more years straight.
However, winners in some places often mean losers in others. And the losers appear to be south of the Rio Grande: Mexican marijuana growers, who’ve provided the lion’s share of cannabis for American smokers for decades.
In 2014, the US Border Patrol saw a plunge in seizures of pot heading northward. Its agents nabbed 1.9 million pounds of ganja, a 24 percent reduction compared with the 2.5 million seized in 2011 — before Colorado and Washington State first voted to legalize recreational marijuana.
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