The Cannabis Industry is Growing Let’s look at the numbers: The U.S. cannabis industry supports almost half a million jobs. 91% of U.S. adults are for cannabis legalization Worldwide weed sales reached $25 billion in 2021, with a projection of reaching $197.74 billion by 2030. In 2022, New Mexico’s first-day sales totaled over $5.2 million, beating out Colorado’s first-day sales of just over $1 million in 2014. States earned over $3.7 billion in tax revenue for recreational weed sales in 2021. California brings in the most cash at $5.3 billion in sales annually. Flower is the most popular product making up 61% of sales, followed by concentrates at 22%, edibles at 9%, and accessories at 2%. Flower made $10.9 billion in the US in 2021. The cannabis beverage market is expected to grow to be worth $8.5 billion by 2027, with many alcohol companies investing more in the market. 91% 5.2 million $ $3.7 billion 5.3 billion $ $10.9 billion
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