SEATTLE – Sales in the United States could reach $45.8 billion by 2025, according to a new cannabis revenue forecast by data firm Headset. The forecast includes projected sales in all fifty states and surpasses previous estimates by more than $20 billion. For states where it collects data, Headset leveraged historical per-capita spending and applied compound annual growth rates based on past trends. To arrive at its projections, Headset extrapolated from data acquired in-house and from external sources. States with significant growth potential, including Florida, New Jersey, New York, Ohio, and Virginia, are expected to play a large role in expanding the total addressable market.
SEATTLE – Sales in the United States could reach $45.8 billion by 2025, according to a new cannabis revenue forecast by data firm Headset. The forecast includes projected sales in all fifty states and surpasses previous estimates by more than $20 billion.
States with significant growth potential, including Florida, New Jersey, New York, Ohio, and Virginia, are expected to play a large role in expanding the total addressable market. Key takeaways from the forecast include:
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