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.
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
(in billion U.S. dollars)
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Marijuana.com. (January 15, 2017). Current and projected legal cannabis market value in the United States in 2016 and 2025 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 05, 2024, from https://www.statista.com/statistics/765671/value-of-the-us-cannabis-market-current-and-future/
Marijuana.com. "Current and projected legal cannabis market value in the United States in 2016 and 2025 (in billion U.S. dollars)." Chart. January 15, 2017. Statista. Accessed December 05, 2024. https://www.statista.com/statistics/765671/value-of-the-us-cannabis-market-current-and-future/
Marijuana.com. (2017). Current and projected legal cannabis market value in the United States in 2016 and 2025 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 05, 2024. https://www.statista.com/statistics/765671/value-of-the-us-cannabis-market-current-and-future/
Marijuana.com. "Current and Projected Legal Cannabis Market Value in The United States in 2016 and 2025 (in Billion U.S. Dollars)." Statista, Statista Inc., 15 Jan 2017, https://www.statista.com/statistics/765671/value-of-the-us-cannabis-market-current-and-future/
Marijuana.com, Current and projected legal cannabis market value in the United States in 2016 and 2025 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/765671/value-of-the-us-cannabis-market-current-and-future/ (last visited December 05, 2024)
Current and projected legal cannabis market value in the United States in 2016 and 2025 (in billion U.S. dollars) [Graph], Marijuana.com, January 15, 2017. [Online]. Available: https://www.statista.com/statistics/765671/value-of-the-us-cannabis-market-current-and-future/