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Cannabis Now America’s Fifth Most Profitable Crop

With eighteen states now offering legal recreational pot sales, cannabis is a bona fide profitable cash crop. In November, Leafly Holdings, Inc. released its first ever “Cannabis Harvest Report” that examined “farm licenses and production in the 11 states that have legal adult-use stores open and operating.” 

“Cannabis is medically legal in 37 states, but for purposes of this report we focused on operating adult-use states—the 11 states where any adult can walk into a licensed store and buy cannabis—for salience to the general public,” the report’s authors wrote. “In those 11 adult-use states, cannabis supports 13,042 licensed farms that

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