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U.S. Legal Cannabis Market Sales To Soar To $45 Billion In 2027, Says Top Researcher

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Even with last year's downturn, the U.S. legal cannabis market, which comprises both medical and adult-use, is poised to reach $45 billion in sales in 2027.

In addition to long-term projections, BDSA estimates that the legal U.S. market is expected to grow 12% by the end of 2023, reaching $29.6 billion. The total global legal cannabis industry is predicted to reach $36.7 billion in 2023, with 80% of sales coming from the U.S. markets.

New York legal cannabis sales are projected to total $631 million by the end of 2023 and by 2027, that figure is estimated to reach $2.5 billion;

 

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