Legal Cannabis Market 2025 Projections and Job Creation
- US cannabis market projected to create over 280,000 jobs by 2020.
- Total cannabis market sales are expected to exceed $24 billion by 2025.
- Legal cannabis market was worth an estimated $7.2 billion in 2016 and is projected to grow at a compound annual growth rate (CAGR) of 15% to more than $24 billion by 2025.
- The medical market is projected to grow at 12% CAGR through 2025, from $4.7 billion in 2016 to an estimated $13.2 billion in 2025.
- Adult use sales are projected to grow at an 18% CAGR through 2025, from $2.6 billion in 2016 to an estimated $11.2 billion in 2025.