The Cannabis industry in the U.S. looks like a gold mine for every investor today. The lucrative market offers a lot of room for every unique idea. Still, you shouldn’t make a hasty decision. Leaning on stats and more specifically cannabis stats to help make informed decisions is always a smart idea.
So, we’re bringing you super recent and most critical U.S. Cannabis Industry Statistics for 2023 regarding;
Opportunities in the cannabis industry
America saw a swift change in people’s perception regarding cannabis a few years back. The legalization of cannabis on the Federal level is still pending, but more than half of all U.S. States allow some form of cannabis usage.
Following the legalization and the market’s growing (Compound Annual Growth Rate) CAGR, more startups are being established, ultimately creating more job opportunities.
Here are several stats you should know about opportunities in the Cannabis Industry.
78 million People
Approximately half of Americans, some 78 million people, claimed to have used marijuana at some point in their lifetime.
35 million Americans
The results of a Yahoo News/Marist national survey revealed that approximately 35 million Americans use marijuana on a monthly basis.
4.1% of Americans
According to the study, in 2001-02, 4.1% of Americans had claimed to have increased drug use within the past year.
that number had more than doubled to 9.1%. The study also concluded that the number of individuals with marijuana use disorder had decreased from 35.6% to 30.6% between 2001 and 2013.
55 million Americans
In addition, 55 million Americans in total had reported using marijuana within the past year. The 55 million amount is actually higher than the number of active tobacco smokers, which is approximately 36.5 million.
Studies also show that more than half of Americans
(at least 56%) believe using marijuana is “Socially Acceptable”
However, chronic users may develop a mental dependency, which can be categorized as a marijuana use disorder.
10% of regular cannabis
A scientific article published in 2018 relays that approximately 10% of regular cannabis users develop a marijuana use disorder.
almost 53% of marijuana users
18 or older report first using marijuana between the ages of 12-17.
About 2% of these individuals
report that they first used marijuana before the age of 12. Despite this, the most recent Monitoring the Future Survey demonstrated that marijuana use has declined among 8th graders over the past five years to 0.7%.
Only 29% of 12th graders
report that regular marijuana use poses a great risk.
14.1% of 12th graders
believe it is harmful to use marijuana from time to time.
However, disapproval among 12th graders remains somewhat high – 64.7% reported they disapprove of adults smoking marijuana regularly.
Cannabis Legalization Across US States
Most U.S. States have legalized the use of cannabis for medical, recreational, and adult use, or all of them combined. Great progress has been made in the last number of years as more and more states bring their cannabis program online.
Here are some stats regarding cannabis legalization across the U.S.
are against the legalization of cannabis in the US.
96% of Americans
will live in a legalized cannabis state if the remaining 18 states approve cannabis.
As of April 2023
37 states and the District of Columbia have legalized medical cannabis.
21 out of 50
21 out of 50 States allow legal recreational usage of cannabis.
Cannabis legalization has generated over $20 billion in tax revenue for state and local governments since 2014.
In 2022, the US cannabis industry generated over $33 billion in sales.
The cannabis industry is expected to create over 428,000 jobs in the US in 2023.
Colorado and Washington
Colorado and Washington were the first 2 states to legalize recreational marijuana in 2012.
Is the expected jobs to be created in the cannabis industry in the US in 2023.
Cannabis legalization has led to a decrease in the number of people incarcerated for cannabis offenses.
300 Cannabis Companies
As of March 2023, there are over 300 publicly traded cannabis companies in the US.
$100 million NY Investment
In March 2023, the state of New York announced a $100 million investment in the local cannabis industry to provide funding and support for startups.
Cannabis legalization has led to a decrease in crime rates in states where it has been implemented.
The cannabis industry is dynamic, with countless rewarding opportunities for entrepreneurs and innovators.
Regardless of the kind of business, you’re targeting – cultivation, dispensary, distribution, or others – here are some essential cannabis startup-related stats.
The cannabis market in the US, for medical and recreational usage altogether, is expected to reach $33.6 billion by the end of 2023.
The U.S. Cannabis market size was valued at $13.2 billion in 2022.
US cannabis industry
The US cannabis industry is the largest in the world, with sales of over $20 billion in 2021.
The cannabis industry is a capital-intensive industry, with startups requiring an average of $1 million to get off the ground.
If you are considering starting a cannabis startup, there are a few things you should keep in mind. First, you need to make sure that you have a solid understanding of the cannabis industry and the regulatory landscape. Second, you need to have a strong team in place with the experience and expertise to help you navigate the challenges of starting a new business. Third, you need to have access to significant funding in order to get off the ground.
If you can overcome these challenges, then starting a cannabis startup can be a very rewarding experience.
The cannabis industry is a rapidly growing and exciting industry, and there is a large and growing demand for cannabis products and services. If you have a great idea and a team of talented people, then you can be successful in the cannabis industry.
The most common type of cannabis startup is a dispensary, which sells cannabis products to consumers.
The cannabis industry is a very diverse industry, with startups from a variety of backgrounds and with a variety of products and services.
Starting A Cannabis Startup
If you are interested in starting a cannabis startup, there are a number of resources available to help you get started. There are a number of cannabis industry conferences and events that you can attend to learn more about the industry and network with other entrepreneurs. There are also a number of cannabis industry publications and websites that you can read to stay up-to-date on the latest news and trends.
The cannabis industry is expected to create over 2 million jobs by 2028.
The cannabis industry is expected to generate over $100 billion in tax revenue by 2028.
The cannabis industry is expected to boost the US economy by over $200 billion by 2028.
Cannabis cultivation is at the forefront of the rapidly growing industry. Cultivators play a huge role in producing a wide range of cannabis products.
Here are the crucial insights about U.S. cannabis cultivation in 2023.
The legal cannabis cultivation market in the US is projected to reach $21.7 billion by 2025.
In 2022, California had the most cultivation licenses, 6881, compared to 1406 in Oregon.
As of late 2022, there are 13,297 active legal cannabis farms in the U.S.
2,834 metric tons
Legal cannabis production totaled about 2,834 metric tons of marijuana for recreational use in 2022.
In 2021, the US Department of Agriculture announced new guidelines for hemp cultivation, which could help farmers navigate the complex regulations surrounding cannabis cultivation.
The cannabis cultivation industry is a rapidly growing industry, and the United States is the leading market for cannabis cultivation.
The industry is expected to continue to grow in the coming years, as more states legalize cannabis for recreational and medical use.
The global cannabis cultivation market is expected to be worth $51.28 billion by 2023.
The United States is the largest cannabis cultivation market in the world, with a value of $33.88 billion in 2023.
If you are interested in starting a cannabis startup, there are a number of resources available to help you get started. There are a number of cannabis industry conferences and events that you can attend to learn more about the industry. There are also cannabis industry publications and websites that you can read to stay up-to-date on the latest news and trends.
The average cannabis cultivator in Oregon produces 1,200 pounds of cannabis per year.
The average cannabis cultivator in Washington produces 1,100 pounds of cannabis per year.
Nevada is the fifth largest cannabis-producing state in the United States, with a production value of $1.3 billion in 2023.
Cannabis Businesses and the US Economy
The cannabis industry has been making waves in the US economy, with legal sales exceeding expectations and its unprecedented potential to create millions of jobs.
As more Americans favor legalization, the cannabis industry is poised to continue its upward trajectory.
According to a 2022 report, US legal sales will exceed $57 billion by 2030, with a CAGR of 14%.
The figure is expected to touch around $72 billion if more states legalize the use of cannabis.
In 2023, the Cannabis industry is expected to add $100 billion to the economy, which is 12% up from 2022.
1.5 million jobs
The cannabis industry is estimated to create over 1.5 million jobs in the US by 2025.
The cannabis industry is a major economic force in the United States. The industry is generating tax revenue, creating jobs, and stimulating economic activity. The cannabis industry is a positive force for the US economy.
The cannabis industry is having a positive impact on the US economy. The industry is generating tax revenue, creating jobs, and stimulating economic activity.
In 2021, the cannabis industry generated $14 billion in tax revenue for state and local governments. The industry is also creating jobs at a rapid pace. In 2021, the cannabis industry added over 100,000 jobs. The industry is also stimulating economic activity. The cannabis industry is a major driver of economic growth in states where it is legal.
According to estimates, the cannabis market size for medical purposes will reach $11 billion by 2025, half of which will be generated from flower products.
US number of states that have legalized cannabis for recreational use.
In 2021, the industry generated $25 billion in sales and supported over 428,000 jobs. The industry is expected to continue to grow in the coming years, and it is estimated that it could generate $100 billion in sales by 2028.
of US cannabis tax revenue that is generated by medical sales.
of US cannabis jobs that are created by recreational sales.
35% of US cannabis sales that are generated by recreational sales.
Cannabis Use and Health
The perceptions surrounding cannabis consumption have been changing, consequently influencing the trends in consumers’ socio-demographic characteristics.
While the legalization of cannabis is worth celebrating, let’s not forget the health-related risks cannabis users are exposed to. Let’s navigate through the scientific studies and stats regarding health-related implications following cannabis consumption.
According to a survey, 7% of people who used cannabis for medical purposes used it for anxiety, chronic pain, and depression.
of consumers use cannabis alongside their workout routines.
of female cannabis users didn’t have any issues with the medical use of cannabis.
of American women regularly use cannabis, and more than a quarter, 28%, use it once a month.
A 2022 study shows that 386 people died in Florida owing to the use of synthetic cannabinoids. Journal of Nursing Scholarship Among those who died, 87.8% were males, and 28% were aged between 45-50 years. Road accidents under the influence of cannabis remained to be the leading cause of death for these deceased.
A report showed that the use of cannabis may enhance the risks of developing mental disorders like schizophrenia and psychosis.
Some psychosocial activities may suffer, as cognitive functions that include memory and attention are impaired by the use of cannabis.
49.6 Million Americans aged 12 yrs or more used cannabis in 2020.
of US cannabis sales that are generated by medical sales.
53% of cannabis users who are 18+ reported trying marijuana first-time aged between 12-17.
A 2022 study showed that cannabis use may influence thoughts, plans, and attempts of suicide among young adults.