In a new report, cannabis industry data and insight firm BDSA estimates that global cannabis sales for 2021 will near $31 billion—an increase of 41% of last year’s sales. The analysts also suggest that global sales will reach $62.1 billion by 2026, representing a compound annual growth rate (CAGR) of more than 15%.
In the U.S., BDSA forecasts cannabis will surpass $24 billion this year, a growth of 38% over 2020’s sales, and anticipates the U.S. to reach $47.6 billion in 2026, a CAGR of 14%.
Kelly Nielsen, vice president of insights & analytics for BDSA, said that the industry “continues to show exceedingly rapid growth, particularly within the U.S. market.”
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Report: 2021 Global Cannabis Sales Will Near $31B
Bud Samples by Anthony Quintano is licensed under CC BY 2.0