Cannabis sales are on the rise. A new report shows a 22 per cent hike in sales compared to 2021, capping off the market at US$35 billion.
The report predicts that within five years, states such as Florida, New Jersey, New York and Michigan will experience large growths.
One thing that is exected to remain consistent is California’s dominance of the cannabis market. “California is, and will continue to be, the largest US cannabis market and the largest global cannabis market,” said Lukas.
On an international level, Canada leads the pack with US$4.7 billion in sales. Mexico comes in second, with the Supreme Court approving adult cannabis use by the year 2023.
Countries like Germany, France and the United Kingdom are expected to make a dent in international sales in the near future, making slow, but steady, progress.
The FreshToast.com, a U.S.
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