National support for legalizing marijuana has been growing rapidly. Now legalized in 23 states and the District of Columbia for medical use and four states – Colorado, Washington, Oregon and Alaska – and DC for recreational use, cannabis is big business. Independent analysts have valued the legal industry at $3 billion and rising to $10 billion when including ancillary trades and services. Cassandra Farrington, the co-founder and chief executive of Marijuana Business Media, puts the industry’s workforce at 60,000.

Others sates are expected to follow suit over the next couple of years, putting an end to cannabis prohibition. With the industry concentrating on making cannabis more of a mainstream and sellable product, a growing crop of businesses are expected to profit from the cultivation and distribution of marijuana.

[Related: Eight More States Projected To Legalize Marijuana]

There has been widespread concern that African American entrepreneurs would be left out America’s big green


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Source: Black Enterprise » Small Business