Legal U.S. cannabis market's current and projected value in 2016 and 2025

The projected number of cannabis users is projected to increase significantly by the year 2025. As of 2016, the value of the cannabis market attributable to medical use was about 4.7 billion U.S. dollars. By 2025, the projected market value for medical cannabis is estimated to be over 13 billion U.S. dollars. In recent years the cannabis market has grown significantly in the U.S. and is anticipated to grow outside of the U.S. as well.

Economic benefits from the cannabis industry

One of the potential economic benefits from the cannabis market is the potential to generate taxable revenue for states. The value of taxable revenue generated by cannabis sales is expected to grow significantly in the coming years. Another benefit of the cannabis industry is the potential for job creation and growth. The estimated number of jobs that will be created by the U.S. marijuana industry is expected to exceed 280 thousand in the next few years.

Consumers and opinions

Consumers are an important part of the cannabis market growth in the U.S. The number of U.S. adults that had used marijuana within their lifetimes has been increasing in recent years. Cannabis can be used in a variety of forms with many methods for consumption. The most common form of marijuana consumed in the U.S. in recent years was cannabis flower, followed by edibles. Marijuana can also be purchased or acquired through a variety of channels. A majority of adults in the U.S. in recent years had purchased their marijuana from a recreation facility.

Current and projected legal cannabis market value in the United States in 2016 and 2025

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Sources

Release date

January 2017

Region

United States

Survey time period

as of October 2017

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