The Cannabis Industry’s Massive Potential for 2022
It’s 2022 and legal cannabis is set to appear on a variety of state ballots once again, inching its way closer and closer to a national marketplace. From proposed adult-use programs to cannabis-friendly politicians aiming to enact change, there’s plenty to pay attention to – and even more so if you’re thinking about launching a cannabis business of your own. How much is the cannabis industry worth? The cannabis industry’s value increases significantly every year as more states continue to legalize the plant in some form. As a result, experts predict that the U.S. legal cannabis industry’s sales will hit $30 billion this year – a $10 billion increase from 2020 – and $47.6 billion by 2026. This growth continues to make the legal marijuana market attractive, especially considering that the cannabis industry still isn’t fully legal throughout the U.S. With another handful of states including cannabis on their midterm ballots this year, the industry is only expected to get more ...