Author: Kacey Morrissey Published: 2/21/2023 New Frontier Data
Your Cannabis Intel Brief
New state markets could inject an additional $18 billion annually into U.S. legal cannabis market by 2030
New Legalization Efforts Trending for 2023
As detailed in the upcoming 2023 US Cannabis Report: Market Updates & Projections. Last year, the U.S. legal cannabis market was worth an estimated $29 billion in annual sales combined across states where sale is legal for adult use and/or medical purposes, and this year sales are expected to top $34 billion. Based on New Frontier Data’s analysis of state legalization efforts, nine states are demonstrating strong momentum to join the market and legalize adult-use cannabis prior to 2030, while another… COMING UP NEXT
U.S. Cannabis Market Projections: Implications across market types
March 2, 2023
Join our CKO Dr. Amanda Reiman and Senior Director of Industry Analytics, Kacey Morrissey for a discussion of market dynamics including potential state market activations, consumption trends, and product innovation.
When: March 2 • 3:00 pm EST:
Where: Online/Virtual:
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