Federal Policy Could Add $3 Billion To Cannabis Industry: On Track To Reach $55 Billion By 2030
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 26 2024
0mins
Source: Benzinga
Industry Growth: The U.S. cannabis industry is projected to generate over $32 billion in annual retail sales by 2024, with an expected growth to $55 billion by 2030, driven by expansion in states like New York and New Jersey, as well as potential federal policy reforms.
Market Dynamics: Significant variations exist across state markets, with strong performers like Alaska and Michigan, while emerging markets such as New York and Ohio show potential for long-term growth; however, challenges like pricing pressures and operational inefficiencies persist.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
