Newly released: The 8th edition of The State of Legal Cannabis Markets helps you navigate the ever evolving cannabis industry.
This is another way The Arcview Advantage™ gives pioneers in the cannabis industry, investors, and companies the dealmaking edge. Get the latest industry data to drive your decisions.
- Digital access to the 140+ page report
- 250+ data-rich graphs, charts and tables
- Downloadable slides of select charts for your presentations
- Semi-annual update sent digitally
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Worldwide legal cannabis industry revenue is forecast to grow another 38% to $20.4 billion in 2020, and sales are forecast to reach $46.8 billion in 2025, growing at a 21.2% CAGR 2019-2025.
In 2019, U.S. legal cannabis spending increased 36.5% to $12.4 billion. The report addresses several key features of the U.S. market that will support a compound annual growth rate (CAGR) of 18.2% to $33.9 billion in 2025.
- Emerging Adult-Use Markets (those launched between Jan. 1, 2017 and Jan. 1, 2020) were the biggest component of the market at $5.1 billion in 2019. Most are faring much better than the largest U.S. market of California: Massachusetts total revenue grew 170% in its first full year of adult-use sales while California struggled to grow sales 18% in 2019 following the launch of adult-use in January 2018.
- Even Mature Adult-Use Markets (launched before 2017) can show news signs of life: Colorado cannabis revenue jumped 13% to $1.7 billion in 2019 compared to just 3% growth in 2018.
- Emerging Medical Markets (launched in the last three years) also posted large gains in 2019: Pennsylvania revenue hit $420 million in its second year of sales, and Oklahoma sales increased to $365 million.
- Even Mature Medical Markets (launched before 2017) can show explosive growth: Hawaii’s sales were up 90% and Puerto Rico’s 100% in 2019.
- Looking ahead, 20 New Medical Markets will add $2.2 billion in spending to the market by 2025, led by Texas, Missouri and Georgia.
- New Adult-Use Markets are forecast to add $8 billion in sales between 2019 and 2025, led by Florida, New York and New Jersey.
Source: https://cannabislaw.report/report-arcview-8th-edition-of-the-state-of-cannabis-markets/
