U.S. Cannabis Sector Industry Projections Up 20% to $30 Billion by 2025

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September 17, 2019 08:00 AM Eastern Daylight Time

WASHINGTON&#8211(Organization WIRE)&#8211New Frontier Information, the worldwide authority in information, analytics and company intelligence for the cannabis sector, in partnership with Global Cannabinoids, a major producer, manufacturer and distributor of American-Grown Hemp-Derived Cannabinoids in the U.S., releases The U.S. Cannabis Report 2019 Sector OutlookThe report examines U.S. cannabis sector forecasts and trends, like sector income projections, illicit market place sizing, cannabis customer behavior, and possible interaction with the opioids market place in the U.S.

“Whether an operator, researcher, or investor, I would encourage these interested in expanding their understanding of the domestic cannabis market place, to also appear at New Frontier Data’s Canadian and International reports, as market place dynamics, trends and driving forces are starting to cross borders.”

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Important findings involve:

  • Total legal sales of cannabis in existing legal states are projected to develop at a compound annual development price (CAGR) of 14% more than the subsequent six years, to attain almost $30 billion by 2025
  • Annual sales of health-related cannabis are projected to develop at a 17% CAGR via 2025, to an estimated $13.1 billion by 2025 adult-use sales are projected to develop at a 16% CAGR, to $16.six billion
  • An estimated 38.four million U.S. adults consume cannabis at least after annually, from either a legal or illicit supply
  • 36% of cannabis shoppers report applying cannabis every day, and 59% use cannabis at least after a week
  • Persons amongst the ages of 25 and 44 comprise 45% of cannabis shoppers

“We have a tendency to be cautious, if not conservative in our projections, adhering to extremely rigorous information sourcing and information modeling protocols, so it is important that we raised our 2025 forecast in U.S. legal sales to $30 billion. Foreign investment into the U.S. cannabis sector remains robust and domestic consumption continues to rise, specifically as new states legalize. That stated, it is essential for stakeholders to recognize how regulatory uncertainty, lack of accepted requirements, and international market place pressures may perhaps have a material and lasting financial influence in the presently flourishing U.S. cannabis market place,” stated New Frontier Information Founder and CEO Giadha Aguirre de Carcer. “Whether an operator, researcher, or investor, I would encourage these interested in expanding their understanding of the domestic cannabis market place, to also appear at New Frontier Data’s Canadian and Global reports, as market place dynamics, trends and driving forces are starting to cross borders.”

Visit https://newfrontierdata.com/UScannabis2019 to download the report.

About New Frontier Information:

New Frontier Information is an independent, technologies-driven analytics business specializing in the cannabis sector. It provides vetted information, actionable company intelligence and threat management options for investors, operators, researchers and policymakers. New Frontier Data’s reports and information have been cited in more than 80 nations about the globe to inform sector leaders. Founded in 2014, New Frontier Information is headquartered in Washington, D.C. with extra offices in Denver, CO, and London, U.K.

New Frontier Information does not take a position on the merits of cannabis legalization. Rather, its mission and mandate are to inform cannabis-associated policy and company choices via rigorous, challenge-neutral and extensive evaluation of the legal cannabis sector worldwide. For much more data about New Frontier Information, please take a look at: https://www.NewFrontierData.com.

Contacts

Media Get in touch with:
Caroline Kowalski
[email protected]
1-844-420-3882 ext. three

The post U.S. Cannabis Sector Industry Projections Up 20% to $30 Billion by 2025 appeared 1st on L.A. Cannabis News.

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