But that's just one part of the marijuana industry. Arcview Market Research and BDS Analytics estimate the global cannabis market will grow from $9.7 billion in 2017 to $32 billion in 2022.

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The total economic output from America's legal cannabis, worth $16bn (£12bn) last year, is forecast to grow 150% to $40bn by 2021, according to BDS Analytics and Arcview Market Research.

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That echoes a report from ArcView Market Research, which predicts the entire legal cannabis market to reach $24.5 billion in sales - representing a 21% growth rate - by 2021. If legalized in all ...