U.S. legal cannabis sales are poised to climb 40% this year to roughly $17B, according to projections from MJBiz. From there, it predicts sales will double again by 2024.
- A looming question for 2020: How will the industry fare after July when federal, COVID-related, unemployment relief ends?
- It projects sales in both Florida and Oklahoma — in the latter, 8% of the population are MED patients — to exceed $1B next year.
A report found the industry is “oddly well positioned” for the current economic moment.