About 24.6 million Americans legally purchased pot in the U.S. last year and that number is expected to grow, according to the study. Numerous states have legalized marijuana for medical purposes, and a smaller number of states have legalized it for recreational use. The Department of Justice under the Obama Administration relaxed federal enforcement of marijuana laws in states where it is legal, but the Trump Administration may reverse that trend. Still, the group predicts the cannabis industry will grow to $50 billion. The U.S. beer market sells over $100 billion in beer each year, according to the National Beer Wholesalers Association . If marijuana were legalized nationally, the beer industry would lose more than $2 billion in retail sales, the Cannabiz colorado marijuana Consumer Group says. The group anticipates the cannabis industry will take just over 7% of the beer industrys market. Other studies have supported this concept.
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