Legal cannabis use is on the rise which has resulted in significant growth throughout the industry from more jobs to greater acceptance of cannabis on a personal and legal level.
With that said, there are a number of hopeful stats going into 2025 for both consumers and dispensaries.
On that note, here are some of the most relevant stats to know about the growing cannabis industry:
When it comes to how many Americans have tried marijuana at least once in their life, close to half—47%—have. Since 1969, that number has risen from 4% all the way up to 44% in 2015 and has slowly ticked up since then.
17% of men report smoking marijuana versus 11% of women. Those who do are more likely to be under the age of 55. The West sees the most use at 19% versus the East and Midwest at 16% respectively, and the South at 11%.
When it comes to consuming cannabis products in general and not just marijuana, there are more women consumers than men. The top reason among women for consuming marijuana is to improve sleep quality and to cope with stress.
There has been a gradual trend from 7% in 2013 to 15% now of regular marijuana users. Of those who smoke, Democrats are a little more than double as likely (23%) to do so than Republicans (10%), with Independents sitting closer to the middle (14%).
In 1969, only 12% of Americans supported the legalization of Marijuana. That number grew to 25% in 1995, 58% in 2015, and currently sits at around 68%—meaning that over two-thirds of Americans support the legalization of Marijuana.
64% of cannabis users consume it for relaxation, 59% for stress relief, 52% for reducing anxiety, 48% for pain management, and 45% for improving sleep quality and falling asleep.
Now, more than half of Americans live in a state with legal recreational marijuana use, and 74% of Americans live in a state with legal recreational or medical marijuana use. On top of that, 79% of Americans live in a county with at least one cannabis dispensary.
Set to reach $45.35 billion, the US cannabis market is anticipated to grow at an annual rate of 2.24%—leading it just shy of $50 billion by 2029.
Over the decades, cannabis has gone from being a taboo product to now being well-known and even consumed by Americans. The cannabis industry is always growing and shows no signs of slowing down in future years.
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