article thumbnail

The Rise of Cannabis Pre-rolls: Data Analysis Reveals Surging Popularity

Veriheal

In the fast-paced, data-driven world of the cannabis industry, partnerships are crucial to success. Turns out, his statements are backed up by thorough data analysis and insightful findings. As a result, ‘recreational’ categories like pre-rolls, edibles, beverages, vapes, and oils are seeing an upswing in market share.

Data 98
article thumbnail

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

Veriheal

Despite the federal illegality of cannabis, lawmakers and state representatives have implemented successful medical and recreational cannabis programs across the nation. As of July 2022, 38 states in America have legalized medical cannabis, and 19 states and the District of Columbia have established recreational cannabis programs.

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

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

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. These surveys explore the motivations and methods behind cannabis usage for both medical purposes and recreational enjoyment.

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 104
article thumbnail

Further Consideration of the STATES Act

Cannabis Law Report

At the present time, state medical and recreational legalization have no impact on federal drug control laws. Although many states have chosen to legalize medical marijuana and four have legalized recreational use, such state actions continue to conflict with federal law. 2030 , 2068, 2070; Pub. 2030 , 2068, 2070; Pub.

Banking 45