Across the globe, we have seen the marijuana industry massively expand as more countries legalize cannabis. The market shows no signs of slowing, and industry analysts expect the worldwide legal marijuana market to grow from its current value of $9.2 billion to an incredible $57 billion by 2027.
In the United States, 35 states have legalized marijuana in some capacity, generating new economic and employment opportunities throughout the legal marijuana industry. With more states expected to advance cannabis legalization measures in the coming years, and federal lawmakers considering reform legislation, more Americans will soon be able to access legal cannabis.
Marijuana industry experts estimate that the nation’s medical and recreational marijuana market is currently valued at $9.2 billion, and project that it will surge to $25 billion by 2024. In four years time, the U.S. cannabis industry is expected to deliver as many as 340,000 full-time jobs, and make a nearly $80 billion economic impact.
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