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BDSA: Cannabis sales will near $31B, up 41% YoY – BizWest

BDSA: Cannabis sales will near $31B, up 41% YoY – BizWest
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Billions in black-market weed still selling in Illinois 18 months after marijuana legalized

AP Even as legal weed sales in Illinois continue to shatter records nearly 18 months after they kicked off, the illicit pot trade is still dominating a total statewide market some experts have valued at over $4 billion. New Frontier Data, a cannabis industry research firm headquartered in Washington, D.C. estimates that black market pot sales here will top $2.2 billion this year. Meanwhile, BDSA, another pot research firm based in Colorado predicts more than $1.7 billion in illegal sales. Those numbers are expected to outpace the surging totals for recreational and medical marijuana sales which surpassed $1 billion last year and reached nearly $680 million by the end of May by hundreds of millions of dollars. New Frontier Data projects nearly $1.9 billion in legal sales by year’s end, while BDSA offered a more modest estimate of $1.2 billion.

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