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As we inch ever so slowly to banking reform, interstate commerce, and federal legalization of cannabis, it’s a perfect time to take a look at the history of cannabis and how far the legal industry has come. In 2023, the legal cannabis industry has grown to generate billions of dollars in annual sales, and it has created hundreds of thousands of jobs across the United States.
Thousands of businesses have launched working in the cannabis industry and providing products and services to the cannabis industry. In addition, existing non-cannabis businesses have expanded and extended their offerings so they could serve the cannabis industry.
Bottom-line, the cannabis industry has had far-reaching effects in the United States and around the world. Let’s take a look at more than 50 cannabis industry statistics and data points to put some of these effects into perspective.
How has cannabis legalization affected global economies? Here’s the data:
The statistics below explain how the cannabis industry impacts the U.S. economy:
What’s happening at the federal and state levels in the U.S.? Here are some current statistics:
Cannabis consumers in the U.S. are evolving. Here’s what the data says:
Just like in the U.S., the data shows that Canadian cannabis consumers are changing with the times:
We’ve come a long way in the legal cannabis industry, but it’s taken a long time to get here:
Cannabis sales in the United States continue to grow. Check out the statistics below for perspective:
How many cannabis licenses have been awarded? How many are active? Which point-of-sale (POS) software platforms are cannabis businesses using? Here’s the data from Cannabiz Media:
Despite the challenges businesses and consumers in the cannabis industry face, the data proves that things are slowly changing for the better. An October 2022 Pew Research Center poll found that just one in 10 American adults (10%) think cannabis should not be legal for any kind of use (medical and/or adult-use).
The key takeaway is this – you can’t stop progress, and there is no stopping the forward momentum of the cannabis industry. Yes, there may be obstacles, but progress will continue.
To stay current on cannabis industry licensing, point-of-sale software, and other market data in the U.S., Canada, and global markets, subscribe to the Cannabiz Media License Database. Schedule a demo to see how it can help your organization grow.