Market Overview

Legal Marijuana Sales Dwarf Junk Food…By A Lot

Legal Marijuana Sales Dwarf Junk Food…By A Lot
Related KO
Benzinga's Top Upgrades, Downgrades For January 19, 2017
Winners And Losers From Trump's U.S. Dollar Comments
Packaged beverage sales at convenience stores seen improving (Seeking Alpha)
4 Reasons To Own Hershey Shares Right Now
The Market In 5 Minutes: Jobless Claims Fall Again, Retailers Struggle

The ingestion of marijuana has been associated with the "munchies" for decades, historically characterized as the consumption of junk food because of almost uncontrollable cravings ("appetite stimulant") ignited by the medicinal and recreational plant.

That link seems appropriate context for Statista's Chart of the Day.

In The Race Between Weed And Junk Food, Weed Wins

While used medicinally for eons, marijuana's legal accessibility for recreational use has only begun over the last handful of years.

At this time, pot is legal in Alaska, the District of Columbia, Colorado, Oregon and Washington. Over the past year, legal marijuana sales came in at a substantial $3.4 billion.

"That's a lot of green for just a few states," Statista's Niall McCarthy exclaimed.

Related Link: VEGA Group Issues Short Report On GW Pharma; Expert Calls Thesis 'Flawed'

To put the sales into perspective, McCarthy stated, "The best way to give that figure some proper perspective is by comparing it with some of the country's best loved brands."


Source: Statista

According to McCarthy's calculations, legal consumption and the associated sales figures are likely to continue climbing, with legal sales potentially reaching $4.3 billion in 2016.

Posted-In: cannabis junk food marijuana medical marijuanaEducation Topics Economics General Best of Benzinga


Related Articles (KO + MDLZ)

View Comments and Join the Discussion!