Whitney Economics, a global leader in cannabis and hemp business consulting, data, and economic research, has released its 2022 U.S. Cannabis Supply Report. The firm has calculated the total cultivated output of cannabis in the United States in 2022 to be in excess of 48.8 million pounds. This includes both legal and illicit cannabis supply for all delivery methods, including flower, edibles, concentrates, etc.
Current legal sales of cannabis are projected to be $29.3 billion by 2022, and are forecasted to be $81.6 billion by 2030. Right now the majority is still in the black market. But that’ll change soon. There will be more legal supply than illicit cannabis supply in the U.S. beginning in 2026.
This report is primarily geared towards investors, operators, regulators and other stakeholders in the U.S. cannabis industry. This report assists in many endeavors, and its especially helpful in determining which markets are oversaturated by supply – a market situation that reduces margins and introduces risks to investors and operators. But down here on First Ave S in the Emerald City, we think oversupply might be a good thing. Cheap weed never hurt anyone, especially when its some Fire.
So light up, because it looks like we ain’t gonna run out anytime soon 😉