The state of California is anticipated to triple the size of the legal cannabis market when the state begins issuing licenses in 2018, which makes up 12 percent of the United States, according to market research firm Cowen Group. Vivien Azer, a cannabis analyst at Cowen, believes the nation’s legal market will raise nine fold over the next decade, with consumers spending of $50 billion on recreational and medical marijuana by 2026. Lithium Corp (OTC: LITH), Medical Marijuana Inc. (OTC: MJNA), Cannabis Science Inc. (OTC: CBIS), Terra Tech Corporation (OTC: TRTC), Cannabics Pharmaceuticals Inc. (OTC: CNBX)
Whether you have bad or good thoughts about the election results, it was a good year for thus far for the cannabis industry. California, Massachusetts and Nevada and Maine legalized cannabis. These major states could be the reflection of the country’s changing opinions toward cannabis, both for medical and recreational purposes. Now more than 20 percent of Americans can use cannabis or marijuana legally.