The total number of retail stores and dispensaries in the United States grew nearly 21% last year while nationwide growth maintained through 2021. Mature markets such as Colorado, Oregon and Washington state are averaging 26% year-over-year sales growth; at the same time, newer states such as Illinois, Massachusetts, Michigan and Pennsylvania are averaging 136%.
With 10 newly legalized markets expected to begin sales in 2021 or 2022, New Frontier Data projects total legal cannabis sales to grow at a compound annual growth rate (CAGR) of 16%, to reach $43 billion by 2025.
As of May 2021, capital raises in cannabis have more than tripled, reaching $6 billion, signaling increased confidence in projected aggressive cannabis market growth.
US cannabis sales off to strong start in 2021
Cannabis Capital Raises Triple to USD $6 Billion in First Half of 2021
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
Episode 755 of The Talking Hedge:
Your Cannabis Business Podcast.
Covering cannabis business news, interviews, investments, events, products, reviews, and some random stuff. But as Jay-Z said "it's only entertainment."
Song: Beat | Keep On | 2020
Artist: Milochromatic Beats
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018
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Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers.
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