California’s Ridiculous Marijuana Tax Calls for Drastic Action — The Motley FoolPosted by On

Few, if any, industries are growing as quickly as legal cannabis. According to a co-authored report from Arcview Market Research and BDS Analytics, global marijuana sales rose to $12.7 billion in 2018, and they’re on track to hit $16.9 billion this year, representing 38% growth. By 2022, worldwide revenue is forecast to top $31 billion.

Although sales were ramping up nicely before 2017, they’ll really get a jump-start from the legalization of recreational marijuana in Canada. Having ended nine decades of adult-use weed prohibition, Canada provides validation for an industry that until recently was still considered taboo. Tack on numerous state-level legalizations in the U.S., and North America has…

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