Cannabis Tourism

Cannabis Tourism Is Soaring — Here’s an Inside Look

Cannabis tourism is morphing into something amazing due to the rapidly developing industry. Let’s look at this unique landscape through a risk management lens.

People travel for many reasons — adventure, food and wine, new experiences, and, of course, cannabis. Cannabis tourism is a nascent industry that’s sprung up in the wake of the Green Wave — and it’s one we can’t afford to ignore.

How Cannabis Tourists Could Impact the Economy

Tourism is a cornerstone of the economy of many states — you only have to look at the budgets of state tourism offices to know how important it is. In addition to the state level, many states also have local or regional tourism offices that exist in order to market the destination to travelers.

And weed tourism is a big deal—financially. In 2023, the global cannabis tourism market size was estimated at $10.23 billion with the U.S. accounting for the largest revenue share of over 50%. Much of this number comes from what is spent directly at dispensaries and the taxes garnered there. It also includes cannabis-friendly events, hotels, tours, and more. Additionally, favorable regulations for cannabis cultivation in major producing states such as California, Colorado, Nevada, Oregon, Florida, and Washington, along with the legalization of recreational marijuana, contribute to the dominance of the U.S. market.

The significant economic impact of cannabis tourism in states where it is legal has led to increased tax revenue. This revenue is supporting jobs in the cannabis industry, as well as in other industries that cater to cannabis tourists. In short, legal cannabis and weed tourism is a boon for economies.

Potential Challenges for Cannabis Tourism

Cannabis tourism is a huge opportunity for legal states—if the associated risks are mitigated correctly.

Potential challenges for marijuana tourism include:

  • Regulations. A cannabis tourism business may be ancillary or plant-touching and must understand the state and local regulations. This can be confusing in an emerging industry, especially for new kinds of businesses that the regulations weren’t made for, like cannabis tours. However, compliance is a must in order to set yourself up for long-term success.
  • Negative stigma. Despite the growth of legalization, the stigma surrounding cannabis has not and will not go away overnight. Some people may not be happy about a hotel turning 420-friendly or a new cannabis BNB opening up and could even campaign against them, hindering the growth of cannabis tourism in the area.
  • Lack of awareness. Adult use has been around for little more than a decade, and there are still many people who don’t know you can travel to access cannabis. Additionally, many destinations are reluctant to advertise the change in marijuana laws which results in a recipe for confusion around the cannabis plant.

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