+1 855-255-9984
Source: Grandview Research, 2021
Source: MJBiz Daily, 2021
Source: MJBiz Daily, 2021
Source: New Frontier Data, 2021
Source: Investopia, 2021
Source: National Cannabis Association, 2021
In Canada, where recreational cannabis has been legal since 2018, the number of cannabis dispensaries had increased from a paltry 407 in July 2019 to over 2,500 in December 2021.
Jobs Are Currently Open In Cannabis
Stores Are Open in Canada
Stores Are Open in Ontario
With more states in the U.S. legalizing the recreational use of cannabis, the number of cannabis dispensaries across the U.S. has reached an all-time high.
Leading markets in the space are California, Oklahoma and Oregon, representing nearly 5,000 of the 7,000 total cannabis stores in the country.
People currently work in the cannabis sector
Stores are open in america
California, the world’s largest legal cannabis market, grew by
Although the cannabis sector saw significant drops in revenue between 2019 and 2021 due to strict lockdowns disrupting the supply chain management of cannabis, an industry analysis by Grand View Research projected a 25-28% y-o-y growth for the industry from 2021 to 2026.
in global cannabis sales for 2021
Projected global growth YOY for the next 5 years
Flower remains the most popular product in both the U.S. and Canada, contributing
of sales
Cannabis sales in 2021 were lower than expected due to pandemic related challenges. However, California retains its position as market leader.
The Canadian cannabis industry celebrated the third anniversary of the legalization of adult-use cannabis in October this year.
However, consumers and market experts have been critical of the Cannabis Act and other legislation guiding the sale and use of cannabis in Canada, citing concerns about limited information producers are allowed to include on their packaging, potency limitations, and high fees.
In October 2021, the Canadian government launched an 18-month-long statutory review of the federal legislative framework for legal cannabis in Canada.
Industry experts hope that the review will address several shortcomings and stabilize some of the shakier parts of the sector. See the country's current status in the map above.
Since 1998 when California kicked off the cannabis legalization movement in the U.S., 38 states have made cannabis legal, either for recreational or medical use, or both.
Of these, 18 states and Washington D.C. allow recreational use of cannabis.
With a Gallup survey showing that public support for the legalization of marijuana has risen from just over 30% in 2001 to 90% in 2021. The increasing trend of cannabis legalization in the U.S. is expected to continue at a rapid pace.
The Ontario Court of Appeal ruled that cannabis probation was unconstitutional.
Canada becomes the first Country to legalize cannabis with the introduction of the Marijuana Medical Access Regulations Act (MMAR) - Patients with a government license and a physicians note could hold limited quantities of cannabis.
Prime Minister Stephen Harper introduced mandatory two year prison sentences for dealers and growers with 500 or more plants. This was thought to have been
caused due to pressure from the US DEA.
The Marihuana for Medical Purposes Regulations (MMPR) replaced the MMAR. And the requirement to have a government license was removed.
Justin Trudeau becomes Prime Minister and shifts in public opinion to cannabis shift. Bill C-45 was introduced to parliament that would allow recreational use for anyone 18 and older and possession of up to 30 grams.
On June 20th, after review and approval of Bill C-45 the Prime Minister announced that cannabis would be officially legalized on October 17th, 2018.
California becomes the first state to legalize medical cannabis after the approval of Proposition 215.
The Oakland Cannabis Buyers' Cooperative was created and attempted to "provide seriously ill patients with a safe and reliable source of medical cannabis" federally. They were sued by the US Government for violating federal laws within the Controlled Substance act. They lost, but temperatures begin to change.
Gonzales v. Raich 545 U.S. 1 was a decision in which the U.S. Supreme Court ruled that even where individuals or businesses in accordance with state-approved California medical cannabis programs, such persons or businesses are violating federal marijuana laws. Due to the inability to distinguish the origin state of the plant. Federal law continues to rule.
The Rohrabacher–Farr amendment passes the U.S. House and is signed into law. Requiring annual renewal, it prohibits the Justice Department from interfering with the implementation of state medical cannabis laws.
Attorney General Jeff Sessions rescinded the Cole Memorandum, discouraging U.S. Attorneys from enforcing federal law against state-legal cannabis enterprises. The farm bill legalizes low-THC and hemp-derived products such as cannabidiol at the federal level. The bill also fully removed or "descheduled" low-THC cannabis products from the Controlled Substances Act, where they had been listed as Schedule I drugs since the CSA's inception in 1970.
Cannabis remains federally illegal, however to date 18 states have legalized cannabis, and 13 have decriminalized it, with many other states working on passing bills to change cannabis laws within their states.
The global legal cannabis market is expected to reach USD 70.6 billion by 2028.
Source: Grand View Research, 2021
The US cannabis industry now supports 321,000 full-time jobs. And it's growing quickly.
Source: Leafly Jobs Report, 2021
Flower will remain the market leader. Forecasted to represent 47.3% of US sales, and 51% of Canadian sales in 2022.
Source: Headset.io, 2021
The CBD market size is expected to accelerate at a CAGR of nearly 27% over the next 3 years.
Source: Technavio, 2021
The cannabis industry involves far more than just the plant, with ancillary businesses making up 40% of the industry landscape.
Cannabis starts in agriculture and cultivation, but expands to include science, biochemistry, engineering, retail, sales, software, and much more.
With cannabis being legal in Canada and in most states in the U.S., North America will remain the engine for the industrialization and commercialization of cannabis and in shaping the emerging global consumer culture for years to come.
Get Kisi, 2021 - Cannabis Dispensaries Growth Study 2021
https://www.getkisi.com/blog/cannabis-dispensaries-growth-study
Statistia, 2021 - Canada: recreational cannabis market 2026
https://www.statista.com/statistics/1244942/canada-legal-recreational-cannabis-market-size/
Statistia, 2021 - Legal recreational cannabis sales U.S. 2019-2026
https://www.statista.com/statistics/933384/legal-cannabis-sales-forecast-us/
Headset.io, 2021 - Cannabis market projections for US & Canada: July 2021
https://www.headset.io/industry-reports/cannabis-market-projections-for-us-canada-july-2021
Leafly, 2021 – The US cannabis industry now supports 321,000 full-time jobs
https://www.leafly.com/news/industry/cannabis-jobs-report
Technavio, 2021 - Cannabidiol (CBD) Market size to grow by USD 29.91 Bn: Rising Popularity of CBD Oil
to drive growth
NCIA, 2021 - Adapting a Regulatory Framework for The Emerging Cannabis Industry
MJBizDaily, 2021 - Older markets report interest in cannabis edibles and vapes; flower is king
https://mjbizdaily.com/flower-most-popular-in-older-marijuana-markets/
Wikipedia, 2021 - Cannabis in Canada
https://en.wikipedia.org/wiki/Cannabis_in_Canada
Wikipedia, 2021 - Cannabis in the United States
https://en.wikipedia.org/wiki/Cannabis_in_the_United_States
BNN Bloomberg, 2021 - Cannabis Canada Weekly: Global sales to top US$50B by 2025, analysts weigh
in on retailer results
Technavio, 2021 - Marijuana Market by Product and Geography - Forecast and Analysis 2021-2025
https://www.technavio.com/report/marijuana-market-industry-analysis
Business News Daily, 2021 - Cannabis Industry Business Opportunities in 2021
https://www.businessnewsdaily.com/15812-cannabis-industry-business-growth.html
Gallup, 2021 - Support for Legal Marijuana Inches Up to New High of 68%
https://news.gallup.com/poll/323582/support-legal-marijuana-inches-new-high.aspx
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