Entrepreneur Magazine reports that grass is a growing industry. It expects big growth for legal marijuana. New Frontier Data projects total market sales for cannabis will reach $24 billion nationwide by 2020. They also project the industry will create about 283,000 jobs over the next three years. But that includes a projected slow down over the next three to five years in the industry’s rapid growth. The biggest obstacle is opposition to legal marijuana by the Trump Administration.
The Institute for Supply Management said its non-manufacturing index rose to 57.6% in February, up from 56.5% in January. Readings over 50% means more businesses are expanding than contracting. Theproduction index for the service portion of the economy jumped 3.3 to 63.6%, for the highest rate since 2011 and the second highest level since 2004. Sixteen of the 18 sectors tracked expanded in February, the highest number since mid-2014. About 80% or American workers are employed by service firms.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
