The legal cannabis market in the US has seen remarkable growth in recent years, achieving a significant milestone. According to a report from MJBizDaily, Americans spent an impressive $30 billion on legal cannabis in 2022. This figure places cannabis sales well ahead of both chocolate and craft beer sales, which reached $20 billion and $7.9 billion, respectively, in the same year.
Projected US legal medical and recreational cannabis market size - MJBizDaily
This substantial growth underscores the increasing acceptance and normalisation of cannabis in American society. As more states legalise both medical and recreational use, the market continues to expand rapidly.
While chocolate and craft beer remain popular consumer goods, the rise of cannabis indicates a shift in consumer preferences. This is a trend worth watching as the cannabis industry continues to mature and evolve.