Legal Cannabis

The Grass Is Looking Greener

There was an estimated $31 billion worth of cannabis sales in the U.S. last year, the lion's share of which was generated through illegal transactions. As states start to legalize the green stuff, though, analysts at Cowen & Co. forecast a vastly different - and larger - landscape come 2026.

In 2016, the legal side of this industry created $6 billion in sales. By 2026, this is projected to shoot up to $50 billion, relegating the illegal sales that were once worth $25 billion to a relatively insignificant level.

Description

This chart shows projected legal and illegal sales of cannabis in the U.S. in 2016 and 2026.

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Canada's predicted medical cannabis total market 2023-2027
Number of Canadian registered medical marijuana patients by quarter 2015-2023
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Amount of Canadian medical cannabis authorized per client daily by quarter 2015-2023
Support for U.S. marijuana legalization 1969-2023
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Retail sales of legal Canadian cannabis stores 2018-2023
Methods most used to consume marijuana and cannabis in Canada 2021 vs 2022

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