Cara Therapeutics Could Be 1 Clinical Trial Away From a $1 Billion Valuation

Published: Aug 04, 2017

Few industries in the U.S. are growing at a quicker pace than legal marijuana. According to a fairly recent report from Marijuana Business Daily, entitled "Marijuana Business Factbook 2017," legal pot sales in the U.S. are expected to rise by about 30% in 2017 to a range of $5.1 billion to $6.1 billion, with the total U.S. market expected to expand to around $17 billion by 2021.

The public's perception of cannabis has also seen a pretty discernable shift since the mid-1990s. Gallup, which has been conducting surveys on the public's opinion of marijuana since the late 1960s, found just 25% support for a national legalization effort in 1995. As of 2016, support for legalizing the drug was up to 60%, which represents an all-time high since Gallup began its polling.

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