Cannabis Statistics and Facts That Will Shock You

In 2018, Canada legalized cannabis for recreational use. This is pretty huge news, considering the fact that using cannabis is still illegal in most countries.

Canada is only the second country to legalize marijuana (Uruguay was the first). Within a short few years, it has already made a big impact on its country and citizens. With how big the market is, the cannabis industry will not be going anywhere anytime soon.

As of 2021, any Canadians who are aged 18 years old or older can buy cannabis, either from an online dispensary Canada or in retail stores. You can also read up about topped plant vs non topped if you ever decide to grow your own cannabis seeds instead.

There are many forms of cannabis that one can buy. Popular THC cannabis includes shatter, hash, cannabis strains, and more. CBD is the other cannabis compound that will not give you the “high” feelings that THC gives off.

In this article, we will go over cannabis stats that may shock you. These are all accurate facts that everyone should know if they are interested to use cannabis recreationally or medicinally.

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Projected combined recreational and medical marijuana consumer market in the U.S. from 2015 to 2024 (in billion U.S. dollars) – View Resource
Cannabis market sales for recreational use in the United States from 2014 to 2020 – View Resource
Total projected U.S. jobs that could be created as a result of cannabis industry growth by 2020 – View Resource

According to CTADS 2017, 16% of Canadians aged 15 and over (or 4.4 million people) have used cannabis in the last year (19% of those aged 15 to 19; 33% of those aged 20 to 24; and 13% of those aged 25 and over). View Resources.
Women now use cannabis more than men, with 53% having tried it compared to just 42% of men. 6% of female respondents said they have used cannabis daily (CCS, 2019). View Resource.
It is expected that the cannabis industry will generate an additional 250,000 full-time jobs between 2020 and 2024. View Resource.
$775,000 is the approximate startup cost of a regulated cannabis dispensary (The Motley Fool, 2018). View Resource
$3 million – The average revenue per annum of a regulated cannabis dispensary (Fit Small Business, 2019).
$1.92 million – The annual operating cost of a regulated cannabis dispensary (Fit Small Business, 2019).
Women are holding executive positions that account for more than one-third of all such positions in cannabis (The Stranger, 2019). View Resource
$58,511 is the average salary per year in the marijuana industry (Flowhub, 2019). View Resource.
From December 2017 to 2018, the demand for jobs in the cannabis industry was as high as 76% (Flowhub, 2019).View Resource.
The average salary for cannabis workers is 10.7% higher compared to other US industry workers (Flowhub, 2019).View Resource.
21% – The average growth rate of jobs in the marijuana industry from 2018 to 2022 (The Motley Fool, 2018). View Resource.
$146.4 billion – The expected global market value of legal marijuana by the end of 2025 (Grand View Research, 2020). View Resource.
$100 billion – The expected growth of the cannabis industry in the US by 2030 (Flowhub, 2021). View Resource.
The expected annual growth rate of the cannabis market from 2019 to 2021 is 21%. Therefore, in three years, the marijuana industry will be making an annual revenue of $23 billion (ACC, 2020). View Resource.
$146.4 billion – The expected global market value of legal marijuana by the end of 2025 (Grand View Research, 2020). View Resource.
Florida and Oklahoma are the most rapidly growing cannabis markets in the US with sales expected to exceed $1 billion each by the end of 2021 (Marijuana Business Factbook, 2020). View Resource.
Meanwhile, the US states with the most cannabis sales as of 2020 are California ($3.8 billion), Colorado ($1.7 billion), and Michigan (1.21 billion). (The Motley Fool, 2020) View Resource.
Costa Rica legalizes medical marijuana in 2022. View Resource.
France enters the medical cannabis industry on March 1, 2022. View Resource.
As the legal cannabis industry grows, the rate at which women are entering the industry is now declining. View Resource.
$22 billion – The Cannabidiol (CBD) market value by 2022 (Rolling Stone, 2018). View Resource.
$130 billion – The estimated contribution of cannabis businesses to the US economy by 2024 (Marijuana Business Factbook, 2020). View Resource.
62.9% of the global marijuana market in 2016 came from marijuana buds. By the end of 2025, it’s estimated to reach a market value of $82.9 billion (Grand View Research, 2020). View Resource.
$10 billion – The investment of North American companies in legal marijuana in 2017 (Fortune, 2018). View Resource.
$57 billion – The expected global spending on legal cannabis by 2027 (Arcview). View Resource.
$394.1 million – The capital raised by public cannabis companies in North America in 2019 (Flowhub, 2019). View Resource.
90% of the global marijuana market is accounted to the US (Forbes, 2018). View Resource.
$1 billion – The expected annual revenue from the CBD category (Flowhub, 2019). View Resource.
$100.03 billion – The estimated value of medical marijuana by 2025 (Grand View Research, 2020). View Resource.
$100 million – The first-year sales of medical marijuana in Maryland (Mjbizdaily, 2019). View Resource.
$500 to $2,500 annually – The average amount a marijuana consumer spends annually on cannabis products (Cova, 2020). View Resource.
Some states like Alabama and Iowa implement a limited policy on the use of medical marijuana. Thus, patients are allowed to own CBD oil up to 3% THC (Marijuana SEO, 2020). View Resource.
71% of surveyed consumers said they use cannabis for wellness purposes. 53% of them claimed that they reduce their over-the-counter (OTC) pain treatment, while 18% said they stopped completely (Forbes, 2019). View Resource.
62% of Americans support the legalization of marijuana (Pew Research, 2019). View Resource.
66% of Americans are in favour of legalizing recreational marijuana (Flowhub, 2019). View Resource.
55 million US citizens are cannabis users (Fit Small Business, 2019). View Resource.
$52.5 billion – The total demand for cannabis in the US in 2017 (The Motley Fool, 2018). View Resource.
In the US, 36 states have legalized marijuana for medical use (Investopedia, 2020). View Resource.
15 of those 36 states allow adults to legally use the drug for recreational use as of November 2020 (Investopedia, 2020). View Resource.
54% of voters who identified as Republicans say the federal government should legalize the use and sale of cannabis for adults (Forbes, 2020). View Resource.
%15 billion – The projected sales of recreational and medical cannabis in the US by end of 2020 (Marijuana Business Factbook, 2020). View Resource.
$320 – The average price of an ounce of high-quality marijuana in the US (Fit Small Business, 2019). View Resource.
The sales of legal cannabis in the US in 2017 topped those of the combined sales of Oreos and organic produce (Marijuana Business Daily, 2018). View Resource.
Fully legalized cannabis is capable of topping US cigarette sales (The Motley Fool, 2018). View Resource.
$25 to $50 – the average spending of most people each time they go to a marijuana retailer (Fit Small Business, 2019). View Resource.
9,397 – the number of active licenses for legalized cannabis business as of 2017 (Fit Small Business, 2019). View Resource.
$22 billion – projected sales of legal marijuana by 2022 (The Motley Fool, 2018). View Resource.
Average store revenue is up 52% to 130% compared with January at more than 1,300 stores using cannabis e-commerce platform Jane Technologies (POLITICO, 2020). View Resource.
Revenues for 1,300 stores using the e-commerce platform, Jane Technologies, were up 52 to 130% during March 2020 when the pandemic struck and lockdowns began (CNBC, 2020). View Resource.
Wholesale marketplace LeafLink reported a 48% spike in orders in March 2020 (CNBC, 2020). View Resource.
San Francisco and New York deemed marijuana businesses essential during the stay-at-home advisories in March 2020 (NPR, 2020). View Resource.
The Cannabis Control Commission (CCC) received 1,300 new patient registrations from March 23 to April 1, 2020, due to the COVID-19 related applications (MassLive, 2020). View Resource.
$1 million – The tax revenue Alaska gained from weed tourists in 2019 (Marijuan SEO, 2020). View Resource.