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The newly released
Annual Marijuana Business Factbook, 9th Edition, forecasts U.S. sales of recreational and medical marijuana to hit $45.9 billion by 2025.
Other key findings from the report:
In 2021, U.S. cannabis sales are expected to reach $22 billion-$26.4 billion.
100 percent of investors expect the industry to do better in 2021 than in 2020.
The cannabis industry will offer over 400,000 full-time jobs in 2021.
The new, adult-use market in New York should reach sales of $2.5 billion by year five.
“2020 was an important year in cannabis,” says
Annual Marijuana Business Factbook editor Jenel Stelton-Holtmeier in a news release. “Many marijuana businesses were declared essential during the pandemic, and more states legalized cannabis markets. 2021 will see more states join in, and their programs are getting started faster than we’ve previously seen.” ....

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