If accepted by voters on Tuesday, new regulated adult-use marijuana markets in Florida and North Dakota – together with a medical hashish market in Nebraska – may collectively produce $3 billion through the first full yr of gross sales.

Collectively, the markets are prone to attain $4.3 billion in marijuana gross sales by the fourth yr of operation, in accordance with evaluation from the MJBiz Factbook.

Many of the projected income would come from Florida, offered voters there approve adult-use gross sales through the basic election on Tuesday.

The state’s 22 million residents and estimated 140 million yearly guests are prone to spend roughly $2.9 billion on regulated adult-use marijuana as soon as Florida’s new market is launched, placing the state in place to compete with California and Michigan as the most important hashish market in the US.

This merchandise initially appeared on MJBizDaily. The remainder of the story is out there right here.