Industry News

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)\

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