In a new report, cannabis industry data and insight firm BDSA estimates that global cannabis sales for 2021 will near $31 billion—an increase of 41% of last year’s sales. The analysts also suggest that global sales will reach $62.1 billion by 2026, representing a compound annual growth rate (CAGR) of more than 15%.
In the U.S., BDSA forecasts cannabis will surpass $24 billion this year, a growth of 38% over 2020’s sales, and anticipates the U.S. to reach $47.6 billion in 2026, a CAGR of 14%.
Kelly Nielsen, vice president of insights & analytics for BDSA, said that the industry “continues to show exceedingly rapid growth, particularly within the U.S. market.”
MJShareholders.com is the largest dedicated financial network and leading corporate communications firm serving the legal cannabis industry. Our network aims to connect public marijuana companies with these focused cannabis audiences across the US and Canada that are critical for growth: Short and long term cannabis investors Active funding sources Mainstream media Business leaders Cannabis consumers