Cannabis by the Numbers

In the Summer of 2017, PMMI Business Intelligence commissioned a study, “Here to Stay Or Up In Smoke: A Look At The U.S. Cannabis Market.” Here are some highlights:

Cannabis by the numbers
Cannabis by the numbers
  • Currently, 65% of cannabis sales stem from medical marijuana.
  • Medical now legalized to various degrees in 29 states with legislation pending in 15 more.
  • Recreational or adult use of cannabis (legal in nine states but only in effect in five currently) is fast growing.
  • Recreational usually outpaces medical sales by a 15:1 margin in the first few years after legalization.
  • Nevada, the latest state to legalize recreational use, expects to see 20:1 or higher sales of recreational cannabis boosted by tourism.
  • Experts believe that by 2021 every state in the U.S. will have legalized cannabis for medical use
  • Sales of medical marijuana will top $15 billion at that point.
  • An additional six states are expected to permit recreational cannabis sales in the next two years.

You can download the entire 13-page white paper here for FREE.

More in Cannabis