Last year, the cannabis industry experienced multiple unique sales accelerators, and those catalysts have carried into 2021.
The total number of retail stores and dispensaries in the United States grew nearly 21% last year while nationwide growth maintained through 2021. Mature markets such as Colorado, Oregon and Washington state are averaging 26% year-over-year sales growth; at the same time, newer states such as Illinois, Massachusetts, Michigan and Pennsylvania are averaging 136%.
With 10 newly legalized markets expected to begin sales in 2021 or 2022, New Frontier Data projects total legal cannabis sales to grow at a compound annual growth rate (CAGR) of 16%, to reach $43 billion by 2025.
As of May 2021, capital raises in cannabis have more than tripled, reaching $6 billion, signaling increased confidence in projected aggressive cannabis market growth.
US cannabis sales off to strong start in 2021
Cannabis Capital Raises Triple to USD $6 Billion in First Half of 2021
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
Episode 755 of The Talking Hedge:
Your Cannabis Business Podcast.
Covering cannabis business news, interviews, investments, events, products, reviews, and some random stuff. But as Jay-Z said "it's only entertainment."
Song: Beat | Keep On | 2020
Artist: Milochromatic Beats
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018
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Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers.
Dr. Death: Miracle Man
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