U. S. Cannabis Sales Hit 17. 5 Billion In 2020, Forbes
The coronavirus was good for some industries and ruinous for others. For cannabis, 2020 was a breakout year. Legal sales across the states allow adult use, 36 allow for medical saleshit a record of 17. 5 billion, a 46 increase from 2019, according to a new report. Most of the sales growth came from adultuse markets, especially mature markets like Colorado, which grew sales by 26 to reach 2. 2 billion, and Oregon, which saw sales hit 1. 1 billion, a 29 increase over 2019, according to the report published by BDSA, a cannabis sales data platform. Emerging markets like Illinois, which expanded its medical cannabis market to include adultuse sales last year, saw the largest dollar gain in 2020, rising by 784 million. (Illinois cannabis market is now doing over 1 billion in sales. ) California, the countrys largest cannabis economy at 3. 5 billion, increased sales by 586 million, while Florida saw a 473 million increase. Read the full profile on Forbes:
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