Within the next decade, spending on legal cannabis worldwide is expected to hit $57 billion, with 67% spent for recreational use and 33% for medical marijuana. In 2018, the industry was worth just $13.8 billion, but a 21% annual growth rate is forecasted throughout the 2020s.
The industry employed 121,000 people in 2017, and that number has likely risen since then: by 2018, there were 9,397 active licenses for marijuana businesses in the U.S. Learn more of the 80 stats about the marijuana industry in this infographic from LoudCloudHealth.com.
Source: LoudCloudHealth.
