With changing legalization across the nation, cannabis sales are reaching the levels of more well known products & brands around the world.
Only one year ago, Americans spent an estimated 10.4 billion dollars on cannabis, but that’s about the same as every one of us spent at Mcdonalds. The amount spent on medical & adult-use cannabis has risen by nearly multiple million dollars in multiple years, then it’s also about multiple times more than Americans spent on e-cigarettes… As the industry continues to expand, it’s playing a big factor on the economy. There are currently more legal cannabis-industry workers in this country than there are steelworkers. Last year the cannabis industry added 64,000 works. There are a very large number of reasons that are the reason behind the industry’s sizable growth spurt. Regulated adult-use sales commenced in California, making it the greatest legal market in the country, uT & OK legalized medical substances. The public perception of marijuana & products such as CBD oil is quickly decreasing! Consumers correctly spend about $900 million on simple crackers & are spending $10 billion on cannabis. Cannabis products can’t actually compete with the $81.2 billion Americans spent on wine, but who knows what the future will bring. Cannabis will likely surpass the $15 billion generated by the NFL last year. It’s going to take a few years to overtake McDonalds, which brought in $36 billion, or alcohol consumption, which adds up to $254 billion; No matter how the numbers play out, cannabis is without a doubt a fast-growing industry, and hopefully, this will inspire further research into the medical benefits of both CBD & THC, however while countless people are interested in profits, there are a lot of people looking for relief from very serious medical conditions.