Top 5 - yesterday

Top 5 - last week

Top 5 - last month

US: Cannabis sales to hit $71 billion in 2030, report says

Cannabis analytics firm New Frontier Data sees brighter days for the U.S. pot industry, projecting $71B of legal marijuana sales in 2030 if the current trend in state-level legalization continues even without legal immunity at the federal level.

While 21 U.S. states and the District of Columbia have already legalized weed, cannabis companies struggle with operational inefficiencies as their supplies must remain within state boundaries with no federal protection.

Even banking access is limited: the SAFE Banking Act which aims to allow cannabis companies to do business with U.S. financial institutions, has been stuck in Congress since 2019, having cleared the House multiple times without any success in the Senate.

Just last week, a group of bipartisan U.S. Senate and House lawmakers reintroduced the proposed legislation sending the shares of the U.S. Multi-State Operators (MSOs) and Canadian Licensed Producers (LPs) higher. While its $71B projection for 2030 U.S. cannabis sales assumes the current pace of state-level legalization, even if that momentum wanes, New Frontier Data expects the market to reach $58B.


Publication date:

Receive the daily newsletter in your email for free | Click here

Other news in this sector:

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

You are using software which is blocking our advertisements (adblocker).

As we provide the news for free, we are relying on revenues from our banners. So please disable your adblocker and reload the page to continue using this site.

Click here for a guide on disabling your adblocker.