The Investing Parallels of Alcohol and Marijuana (Bloomberg)

This moment might be like 1932, just before Prohibition ended. Legal marijuana was a $3.4 billion business in 2015 in the U.S.; Arc View Market Research pegged the legal marijuana market in 2016 at $7.1 billion. That is expected to triple during the next three years to $22 billion

New figures put North America's legal marijuana "green rush" Legal marijuana sales in US 'bigger than dot-com boom' (ABC) of the early 2000s in terms of industry growth, according to Forbes.

North America's legal marijuana market posted $US9.3 billion ($12 billion) in revenue in 2016 — a 30 per cent increase on 2015 — according to a report by ArcView Market Research, a leading cannabis research publisher.

The report said the industry could post sales topping $US20.2 billion ($27.9 billion) by 2021, assuming a compound annual growth rate of 25 per cent.

"To put this in perspective, this industry growth is larger and faster than even the dot-com era," Forbes said. "Twenty-one per cent of the total US population now live in legal adult-use markets," ArcView chief executive officer Troy Dayton told Forbes.

He said sales in Colorado, Washington and Oregon jumped 62 per cent between the period of September 2015 and 2016.

·         Colorado crossed the $1 billion mark for annual marijuana sales. (Forbes)

·         Market for legal pot could pass $20 billion (CNN)