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The Green Peak

Which States Will Drive Cannabis Industry Growth in the U.S.?

November 1, 202337 min

Which States Will Drive Cannabis Industry Growth in the U.S.?

The Green Peak

0:00--:--
Richard Zwicky welcomes Roy Bingham (Co-Founder and CEO) and Michael Arrington (Principal Analyst) of BDSA to share their recent forecast update on Which States Will Drive Cannabis Industry Growth in the U.S. According to their update, the legal United States cannabis market is expected to grow 12% by the end of 2023, reaching $29.6 billion. By 2027, the U.S. is forecast to deliver $45 billion in total legal sales. The total global legal cannabis industry is predicted to reach $36.7 billion in 2023 (with 80% of sales from U.S. markets), growing at a compound annual growth rate (CAGR) of 13% from 2022 to 2027.

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