Retail marijuana sales in the United States are projected to reach $43 billion per year by 2025, according to an economic analysis by New Frontier Data. 

Legal marijuana sales have increased to historic levels in recent months, with sales totaling nearly $6 billion in the first quarter of this year. Retail sales are projected to increase in the coming months as additional states – such as New Jersey and New York – begin licensing cannabis retailers. 

The New Frontier Data analysis estimates that by 2025, “42 percent of total annual US cannabis demand will be met by legal purchases in regulated marketplaces.”

Of the $43 billion in projected annual sales in 2025, analysts estimate that roughly 62 percent of transactions will involve adult-use purchases while the remaining 38 percent will be medical cannabis sales.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s