article thumbnail

New Frontier Data Study Foresees U.S. Cannabis Consumer Demographic Surging to 71 Million by 2030

Veriheal

legal cannabis sales are on track to surpass $57 billion by 2030 at a CAGR of 14%. cannabis consumers could climb from the 47 million recorded in 2020 to 71 million by the year 2030 based on ever-growing self-reported usage rates. million people expected to register under state-legal patient programs by the year 2030.

Data 104
article thumbnail

Cannabis taxes may generate $12 billion for U.S. states by 2030, according to Barclays strategists

Cannabis Law Report

last year and that could grow to $10 billion to $12 billion for states by 2030, exceeding tax revenue from alcohol, according to municipal-bond strategists at Barclays Plc. By 2030 sales should reach about $80 billion, the London-based bank estimates. Cannabis tax revenue generated more than $2 billion in the U.S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

MJ Biz: Virginia election results throw future of state’s recreational marijuana market into question

Cannabis Law Report

The electoral triumph by the Republican party in Virginia this week has thrown into question the rollout of the state’s recreational marijuana market, which would be the first adult-use market in the South and is expected to generate more than $1 billion in sales before 2030. — Team Youngkin (@TeamYoungkin) July 2, 2021.

article thumbnail

Global Cannabis Market Size & Forecast Report 2021: A $176 Billion by 2030 – Growing Legalization of Medical Cannabis in Various Countries Driving Growth – ResearchAndMarkets.com

Cannabis Law Report

DUBLIN–(BUSINESS WIRE)–The “Global Cannabis Market- Market Size & Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering. million by 2030 at a CAGR of 23.9%, 2021-2030. The global cannabis market in the COVID-19 period has been estimated to value USD 25,650.4

Indica 52
article thumbnail

5 Features of High-Quality Marijuana Pre-Rolls That You Need to Look Out for

Cannabis Law Report

By 2030, this industry will reach a global value of $102.2 With legalization efforts gaining steam across the United States and Canada, more and more people are choosing to use marijuana for medical and recreational […]. The cannabis industry has come a long way in the last few years. billion, as reported by Grand View Research.

article thumbnail

The Cannabis Industry Now Supports Over 440,000 Full-Time Jobs

Canna Law Blog

In all, Missouri topped $1 billion during its first year of recreational sales. Luckily for this flourishing industry, the legalization and opening of the recreational cannabis market in Missouri easily filled those 10,500 previously lost jobs for their billion-dollar industry. By 2030, we predict this will grow to $67.2

article thumbnail

The Cannabis Industry Now Supports More Than 440,000 Full-Time Jobs

Canna Law Blog

Missouri topped $1 billion during its first year of recreational sales. Colorado and Washington — the first two states to legalize recreational cannabis in 2012 — experienced the highest percentage of job loss by far, at 16 and 15 percent respectively. By 2030, we predict this will grow to $67.2 billion (98.3%

Retail 73