Global marijuana sales this year will reach around 31 billion dollars
Written by Redacción Mota Radio on 16 October, 2021
Marijuana sales will not stop leaving million-dollar figures. According to a new report, cannabis industry information and insights firm BDSA that global cannabis sales by 2021 will approach $31 billion, representing a 41% increase over last year’s sales.
Likewise, analysts indicate that global sales will reach $62.1 billion by 2026, representing a compound annual growth rate (CAGR) of more than 15%.
BDSA forecasts that U.S. marijuana sales will exceed $24 billion in 2021, that in Canada cannabis sales this year will total about $4 billion, while international cannabis sales will reach $1.7 billion.
BDSA vice president of insights and analytics Kelly Nielsen said the industry continues to show extremely rapid growth, particularly within the U.S. market.
Nielsen said in a press release that the expansion and growth of adult-use markets in the U.S. continue to be the driving force behind global cannabis sales.