Charles V. Pyfrom (Credit: promesaartstudio / Adobestock.com)
Cannabis sales in 2021 were $26 billion according to flowhub, and are expected to exceed $32 billion in 2022. The industry currently supports over 400,000 jobs. New Frontier Data estimates that the industry's value could exceed $57 billion by 2030. That's pretty significant growth for an industry still unregulated at the federal level.
According to the National Conference of State Legislatures, medical marijuana is currently legal in 37 states, three territories and Washington, D.C. Recreational or non-medical use marijuana is legal in 19 states, Washington, D.C., and two territories.
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Patricia L. Harman
Patricia L. Harman is the editor-in-chief of Claims magazine, a contributing editor to PropertyCasualty360.com, and chairs the annual America's Claims Event (ACE), which focuses on providing claims professionals with cutting-edge education and networking opportunities. She covers auto, property & casualty, workers' compensation, fraud, risk and cybersecurity, and is a frequent speaker at insurance industry events. Contact her at [email protected]
