The U.S. cannabis industry is projected to reach a $123.6 billion economic impact in 2025, soaring to $241.7 billion by 2031 according to the MJBizDaily’s “Factbook 2024” report. Growth is fueled by expanding retail sales, supply chain development, and increased job creation. Despite a slowdown in mergers and acquisitions, a 23% rise in capital investments during 2024 highlights the market’s resilience and maturation. The industry’s rapid development reflects shifting regulations and rising consumer acceptance across multiple states.
USA: Cannabis industry’s economic impact set for major growth
