Arcview Market Research and New Frontier Data’s mid-year U.S. cannabis market projections have the 2016 medical and adult use cannabis market sales totaling $7.4 billion, with an expected $20.6 billion market size for 2020. With a compound annual growth rate of 29%, the total national cannabis market continues to be one of the fastest growing markets in the U.S. economy. The newly updated projected values reflect changes in the political climate, delays in state market implementation, stricter state market restrictions, and new data from adult use markets.
|