With 2015 year-end data now reported and a strong opening to 2016, New Frontier has revised medical and adult use market projections to reflect the sector's continued explosive growth. Total legal sales in 2015 grew to $5.7 billion and the market is now forecast to reach $22.8 billion in 2020. With a compound annual growth rate of 31%, the legal cannabis industry is now one of the fastest growing sectors in the U.S. economy. New Frontier continuously updates market projections based on the latest data and industry developments. Revised projections will be released in Q2 2016 to incorporate Spring sales data.
Interested in learning more about emerging cannabis markets? New Frontier, in collaboration with our new strategic partner, ArcView Market Research, is excited to bring to you the industry's most comprehensive report and authoritative analyst report (as featured in this Sunday's USA Today): The State of Legal Marijuana Markets 4th Edition . It will include findings on topics such as: