U.S. SALES COULD JUMP 40% IN 2020, HIT $37B BY 2024

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.