In this article, we’ll go over a few interesting facts about the marijuana market in America today so you know about what’s going on right now.
The first interesting fact about the cannabis industry is that it is quite beneficial for the economy, and one of the most impactful is job creation.
However, it might come as a shock to many people that there are now way more methods of consumption, such as dry herb vaporizers, dab rigs, edibles, and even glass pipes which are easily available at online sites like Grasscity where a selection of pipes can be found.
Depending on where you look, you’ll find varying figures, but as of right now the market is worth anywhere between $23 to $52 billion in America, which is quite large when compared to the global smartphone industry that is worth around $774 billion.
Marijuana has been illegal for the better part of a century and is still technically illegal under federal law, which is something that has made research a bit difficult.
Some of the states that have legalized so far include Alaska, the District of Columbia, Illinois, Kansas, Michigan, and more.
So far three states are likely to legalize marijuana for recreational use; Delaware, Connecticut, and Rhode Island, which is a big step forward for the industry.
As mentioned above, there are many economic benefits that the legalization of marijuana brings, and one of those is saving state money when it comes to policing marijuana.
Statistics show that around $46 billion went to the black market in 2020, which is almost the size, if not bigger than the official market.