The legal cannabis market was conservatively valued at slightly more than $15 billion in 2020 and is projected to surpass $30 billion by 2024. (Photo: Alex Reynolds/Shutterstock)
It was not long ago the idea of cannabis as a legitimate industry was snickered at. Even now, the mention of marijuana causes some to crack a smile derived from years of regarding the plant's user base as humorously forgetful and listless.
Bucking the stereotype of being lackadaisical are the incredibly fast-growing businesses that comprise the U.S. legal cannabis market, which is conservatively valued at slightly more than $15 billion for 2020, according to Marijuana Business Daily. Projections have sales surpassing $30 billion by 2024, with some going as high as $37 billion.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
