The legal cannabis market in the USA

The Grass is looking greener

There was an estimated $31 billion worth of cannabis sales in the U.S. last year (2016), the lion’s share of which was generated through illegal transactions. As states start to legalize the green stuff, though, analysts at Cowen & Co. forecast a vastly different – and larger – landscape come 2026.

In 2016, the legal side of this industry created $6 billion in sales. By 2026, this is projected to shoot up to $50 billion, relegating the illegal sales that were once worth $25 billion to a relatively insignificant level.

The forecast is neatly captured in this infographic from Statista:

Infographic: The Grass Is Looking Greener | Statista You will find more statistics at Statista

 

All infographics are kindly sponsored by Intelligent Fingerprinting whose non-invasive fingerprint drug test has been designed to simplify and support drug screening programmes across a range of applications. IFP has no editorial influence on the contents of this site.

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