Cannabis costs

With changing legalization across the entire country, cannabis sales are reaching the levels of more established products and brands.

This past year, Americans spent an estimated 10.4 billion dollars on cannabis, however that’s about the same as the people I was with and I spent on fast food each year.

The overall amount spent on medical and adult-use cannabis has risen by nearly several billion dollars in multiple years, and it’s also about several times more than Americans spent on drugs and alcohol, and as the industry continues to expand, it’s having a positive impact on the economy. At the moment there are much more legal cannabis-industry workers in this country than there are steelworkers. Last year, the cannabis industry added 64,000 works. There are a number of reasons behind the industry’s sizable growth spurt, however regulated adult-use sales picked up in California, making it the greatest legal market in the country! Nevada and Oklahoma legalized medical cannabis. The public perception of marijuana and products such as CBD oil is quickly rising. Consumers consistently spend about $900 million on Goldfish crackers and are spending $10 billion on cannabis. Cannabis products can’t quite compete with the $73.5 billion Americans spent on wine, but who knows what the future will bring. Cannabis will likely surpass the $15 billion created all by the NFL this past year. It’s going to take a long time to overtake McDonalds, which brought in $36 billion, or alcohol consumption, which adds up to $254 billion, it doesn’t matter whatsoever just how the numbers play out, cannabis is obviously a fast-growing industry, but hopefully, this will inspire further research into the medical benefits of both CBD and THC, while many are interested in profits, there are thousands people looking for relief from drastic medical conditions.

 

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