U.S. number of marijuana businesses in 2017

As of 2017, cannabis-related businesses dealing with ancillary services, technology and products had the highest number of medical cannabis businesses in the U.S. Within that category of business there were between 13 thousand and 18 thousand businesses. In total, that year there were between 20 thousand and 28 thousand cannabis businesses in the U.S.

Cannabis market projections

The U.S cannabis market has been on the rise in recent years. By 2025, the total sales of legal cannabis in the U.S. are expected to more than double their current sales. The booming cannabis industry in the U.S. has been a valuable market with much potential for growth. It has not only created a large amount of taxable revenues, but also jobs. The number of jobs created by the cannabis market is expected to exceed 280 thousand in coming years. The taxable revenue created by this valuable market is expected to top 1.8 billion U.S. dollars in coming years.

Cannabis businesses

Profitability of cannabis businesses vary by sector and business type. Among businesses dealing with ancillary technologies and products, a majority have been shown to be somewhat profitable; however they also appear to have the highest percentage of unprofitable outcomes among all cannabis business sectors. Testing laboratories and ancillary firms have the highest percentage of profitable businesses among all sectors. Despite these current trends, a recent study has indicated that U.S. cannabis entrepreneurs can expect a generally profitable and prosperous future outlook.