Americans Spend $150 Billion on Weed and Hard Drugs Each Year, Study Says

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Summary

Of course, how anyone gathers data for under-the-table cash transactions is anyone’s guess. So, take these numbers with a few grains of bath salts.

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The legal weed industry in the US is estimated to be worth about $9 billion. While that’s nothing to sneeze at, Americans spend way, way more on illegal weed and other illicit substances. How much? Nearly 17 times that amount — or about $150 billion per year, to be precise.

The latest figures come...

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