The Brightfield Group recently released its “U.S. Cannabis Market Forecast” on Feb. 16, which presents data of comparisons from cannabis sales in 2022, and five-year sales projections between 2023 and 2028. According to the report, the cannabis industry is poised to reach more than $31.8 billion in annual sales by the end of this year, with a projected $50.7 billion by 2028.
The cannabis industry has recently seen a dip in sales in some markets, such as Arizona and Colorado. Brightfield Group insights manager Matt Zehner says that the outlook on cannabis sales is attributed to the expansion of cannabis
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