Dec 2019 Finance: US Cannabis Market
1. Overall….
- sales within the legal U.S. cannabis industry are expected to reach $13.6 billion throughout 2019 (32% increase over 2018 totals – $10.3 billion)
2. 33 medical & 11 legal adult-use state…
- are projected to grow at a compound annual growth rate (CAGR) of 14%, to reach $30 billion by 2025
3. U.S. sales of medical ONLY cannabis…
- are projected for a 17% CAGR, from $4.4 billion in 2018 to $13.1 billion in 2025.
4. U.S. sales of legal adult-use, aka “recreational“…
- are projected for a 16% CAGR, from $5.9 billion in 2018 to $16.6 billion in 2025.
5. U.S. sales of illicit cannabis…
- were worth an estimated $64.3 billion in 2018, projections call for the U.S. illicit market to reduce by nearly $7 billion (11%) by 2025.
Want more? Link to top 100 cannabis stocks with the highest market cap – https://www.cannabismarketcap.io/
Data Source: Newfrontierdata.com/marijuana-insight (published Sept 2019)\
