According to consumer data company Statista, the cannabis market is anticipated to achieve a revenue of $47.2 billion in 2023. The majority of this income, approximately $32.9 billion, is expected to originate from the United States.
To find the 20 countries with the biggest cannabis markets, 24/7 Wall St. reviewed Statisa’s estimated annual revenue from cannabis sales in 59 countries in 2022, using data published November 2022. Sales include retail sales and taxes, encompassing business to business as well as business to consumer transactions, using current exchange rates. Sales of medical, therapeutic, and recreational cannabis are included. All cannabis data came from Statista. Population and gross domestic product data for 2020 comes from the World Bank.
The cannabis market is divided into three segments: medical, therapeutic, and recreational. The medical and therapeutic areas have been legalized in more countries than recreational use.
– Read the entire article at The Baltimore Sun.
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