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79% of Americans live in a county with at least one dispensary. There are 440,445 full-time equivalent jobs supported by legal cannabis. The US cannabis industry is expected to reach almost $40 billion in 2024. 1 in 3 women over 21 consume cannabis. Cannabis will add $115.2 billion to the economy in 2024.
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The U.S. cannabis market size was estimated at USD 33.60 billion in 2023 and is projected to grow at a CAGR of 12.10% from 2024 to 2030. In the U.S., cannabis is used in the pharmaceutical, cosmetic, and food & beverage industries. Growing acceptance of its use for medical purposes and the rising legalization of cannabis are the key factors ...
- The U.S. cannabis market is expected to grow at a compound annual growth rate of 14.2% from 2023 to 2030 to reach USD 40.1 billion by 2030. Read More
- Medical dominated the U.S. cannabis market with a share of 77.0% in 2022. This is attributable to the recent legalization in various states coupled...
- Some key players operating in the U.S. cannabis market include Green Man Cannabis; Los Suoenos Farms LLC; Vireo Health of New York; Copperstate Far...
- Rising legalization and increasing awareness regarding health benefits pertaining to cannabis consumption is driving the market growth Read More
Oct 21, 2024 · It is expected that the cannabis industry will generate an additional 250,000 full-time jobs between 2020 and 2024 (Marijuana Business Factbook, 2020). The median salary in the marijuana industry was $58,511 in 2019. This is $5,648, or 10.7% higher than the U.S. median salary of $52,863 (Glassdoor, 2019).
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Nov 3, 2023 · The US market size is projected to reach $32.9 billion by the end of 2023, leading in cannabis revenue generation globally. 3. An estimated $100 billion contribution to the US economy is expected from the cannabis industry in 2023. 4. Global market expansion from $133 billion in 2022 to $155 billion in 2023, showcasing a CAGR of 16.6% 5.
Jul 3, 2024 · US marijuana business licensing declined for the first time in 2023 After years of double-digit growth, active marijuana business licenses in the United States declined for the first time in 2023. February 26, 2024
May 16, 2016 · By Marijuana Business Daily staff. Tens of thousands of businesses in the United States are tied to the cannabis sector in some fashion, underscoring the marijuana industry’s reach and scope. An estimated 21,000-33,000 companies derive some or all of their revenue from the cannabis industry, according to the 2016 Marijuana Business Factbook.
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Sep 12, 2022 · As for 2021, the cannabis market stood at $28.26 billion and is expected to rise to $197.74 billion by 2028. (Fortune Business Insights) The cannabis industry is expected to create a $100 billion influx to the American economy in 2022, while this number is projected to rise to $155 billion by 2026. (MJBizDaily)
