People in the US and Canada spent over $53 billion on marijuana in 2016


marijuana pot weed flower bud dispensary storeJohn
Locher/AP

People in North America spent $53.3 billion on legal, medical,
and illicit marijuana in 2016. That’s more cash than Americans
blow in a year at McDonald’s and Starbucks combined.

According to a new report from Arcview Market
Research
, a leading publisher of marijuana market research,
the black market is losing ground to its legal counterpart
as consumers spend more money each year on legal cannabis.
Progress is slow, however.

The North American legal weed market posted $6.7 billion in
revenue in 2016, up 30% from the year before. The illicit market

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