Marketplace has a new podcast for kids, "Million Bazillion!" EPISODE OUT NOW

Weed is a booming "adjacent" economy

Ryan Kailath Jul 27, 2017
HTML EMBED:
COPY

Weed is a booming "adjacent" economy

Ryan Kailath Jul 27, 2017
HTML EMBED:
COPY

The High Times Corp. — owner of the 43-year-old High Times magazine, sponsor of the annual Cannabis Cup — is going public. The company announced today it expects to list on the NASDAQ by October. Pot is a $6.7 billion annual business in North America, according to the cannabis research firm Arcview Group. And as more states legalize medical or recreational marijuana, that number is growing. But with pot still illegal at the federal level, some investors prefer to play it safe in the weed “adjacent” industry.

Click the audio player above to hear the full story.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.