Categories: aggregated

No Federal Legalization, No Problem -$71,000,000,000 in Legal Cannabis by 2030 Says NFD?

In 2022, strong consumer demand in the latest operational, legal state markets fueled annual legal cannabis sales in the U.S. to an approximate total of $30 billion. These states are projected to experience growth in yearly sales, with estimates exceeding $35 billion in 2023. If state-level legalization efforts continue to outpace federal policy reform, sales are projected to reach a whopping $71 billion by 2030 with a compound annual growth rate of 12%.

Jason

Share
Published by
Jason

Recent Posts

Watch: A Survivor Winner Takes the World Cup on a Cannabis Road Trip in Our New Docuseries

High Times sent Ethan Zohn across the country during the World Cup to find where…

13 hours ago

What World Cup Stars and ACR Poker Pros Have in Common

When most people think about the FIFA World Cup, they think about moments. The winning…

13 hours ago

The Next Great Sports Tradition Might Be Cannabis

As younger consumers rethink their relationship with alcohol, retailers like SWADE Cannabis are betting cannabis…

13 hours ago

Yesod Williams Brought the Ohana to Point Break Festival

Pepper’s drummer reflects on Point Break Festival, reggae-rock’s traveling family, growing up around Hawaiian cannabis,…

13 hours ago

Inside The Stacked, Closed-Door DEA Hearing That Will Decide Weed’s Federal Future

The hearing that could decide weed’s federal future starts June 29. The DEA invited seven…

13 hours ago

Robinhood Just Made It Easier To Invest In Cannabis – Are You Buying Yet?

Robinhood is a popular US-based investment app that allows everyday individuals to buy and sell…

13 hours ago