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U.S. MARKET SIZE & GROWTH
The U.S. cannabis market was valued at around $13.2 billion in 2022, with projections reaching $73.6 billion by 2027. This rapid growth is driven by increased legalization, normalization of cannabis use, and expanding product offerings across various states.
Consumer spending on cannabis continues to grow, with adult-use sales surpassing $10 billion in 2021 alone, up from $6 billion in 2019, representing a significant and sustained increase in spending.
An estimated 47.2 million adults in the U.S. currently use cannabis products, and this number is expected to rise as cannabis becomes more accepted and accessible.