article thumbnail

Legal Marijuana Market to Exhibit a Remarkable Hike of USD 127.49 Million by 2030, Size, Share, Rising Trends, Demand, Future Growth and Opportunity A…

Medical Marijuana Program Connection

Data Bridge Market Research analyses that the legal marijuana market, which was USD 27.7 billion in 2022, would rise to. Read More

article thumbnail

Report: Gen Z Would Rather Smoke Cannabis Than Consume Alcohol

Veriheal

The American marijuana industry was worth about $57 billion in 2023 and is projected to reach $444 billion by 2030, a staggering growth that reflects it as the fastest-growing industry anywhere in the world. Our goal is to gain a deeper understanding of how this demographic perceives and utilizes marijuana.

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

Americans Will Cultivate Over 4 Billion Grams Of Homegrown Cannabis in 2022

Veriheal

Research from New Frontier Data estimates that around 3 million people grow their own cannabis at home in the United States. The research conducted by New Frontier Data went on to show that 65% of those who grow cannabis at home were in a relationship or married, and 46% had children under the age of 18. Will you be one of them?

article thumbnail

Trouble Brewing? A Look at the Cannabis Industry’s Signs of Distress – and Resilience

Cannabis Law Report

After all, in 2020, the country elected a unified Congress and a President that promised to “work to reform the criminal justice system, improve community policing, decriminalize marijuana, and automatically expunge all prior marijuana convictions.” billion (New Frontier Data). billion (New Frontier Data).

article thumbnail

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

Veriheal

market alone represents a significant share of the worldwide market and, taking into account new projections published by New Frontier Data , U.S. legal cannabis sales are on track to surpass $57 billion by 2030 at a CAGR of 14%. The projected $72 million valuation that New Frontier Data analysts have pinned on the U.S.

Data 98
article thumbnail

Marijuana Policy Project (MPP) Reports Says States Have Collected $US10 Billion In Cannabis Taxes So Far

Cannabis Law Report

million) | Tax rate: 12% retail excise until July 1, 2025, which then increases by one percentage point per year, maxing out at 18% on July 1, 2030; 5.125% to 8.6875% gross receipts tax (which varies depending on the location in the state). New Mexico (pop. Sales are expected to begin in 2022. 1 [link]. 2 [link]. 3 [link]. 4 [link].

article thumbnail

MPP Report: Marijuana Tax Revenue in States that Regulate Marijuana for Adult Use

Cannabis Law Report

Legalizing marijuana for adults has been a wise investment. billion in tax revenue from legal, adult-use marijuana sales. Colorado voters approved an initiative to regulate marijuana for adults in November 2012, and on January 1, 2014, the state became the first with legal adult-use sales. Colorado (pop. Oregon (pop.