Looking to invest in the Cannabis Industry? Let’s take a look at what is happening the country and in the state of California:

According to Ackrell Capital the Cannabis industry is estimated to reach 6.7 dollars by the end of 2017, and the market is climbing fast. This number will grow at an increasing rate as more places in the country pass legislation and allow the sale of cannabis. This “unknown” growth is going to make a lot of money for the people who are getting involved now!

California is set to pass legislation to allow the recreational sale of cannabis starting January 2018. This is going to mean a market boom, and with only 5 months left the players are making their moves. Now let us look JUST the California medicinal cannabis industry  in 2016.

The following are facts about the top three counties from the state, Census and data compiled by Bloomberg:

Los Angeles County:
Taxable medical marijuana sales in 2016: $231 million
Taxes due: $21 million
Population: 10.1 million
Debt outstanding within county: $106 billion
Biggest municipal issuer: Los Angeles Unified School District
Poverty rate: 16.7 percent
Median household income: $56,196

San Francisco County:
Taxable medical marijuana sales in 2016: $131 million
Taxes due: $11 million
Population: 871,000
Debt outstanding within county: $13 billion
Biggest municipal issuer: City and County of San Francisco Public Utilities Commission
Poverty rate: 12.4 percent
Median household income: $81,294

Alameda County:
Taxable medical marijuana sales in 2016: $120 million
Taxes due: $11 million
Population: 1.6 million
Debt outstanding within county: $41 billion
Biggest municipal issuer: Bay Area Rapid Transit
Poverty rate: 11.5 percent
Median household income: $75,619″

There is no doubt that cannabis is a growing marketing in California, and when recreational sales are legal in the state in 2018 there will be boom. Fill out the form below and talk to our business development team about creating you a cannabis business plan in the state of California!