Cannabis: United States
This report forecasts to 2028 US cannabis production in pounds and demand in nominal US dollars. Total production is segmented by product in terms of: marijuana (commercial indoor, commercial outdoor, and private-use residential) and hemp. Total demand is also segmented by end-use product as follows: legal marijuana (recreational/adult-use and medical) and hemp.
To illustrate historical trends, total production and demand are provided for 2016-2018. Forecasts are provided for all segments for 2019-2023, with a five-year projection to 2028.
Production volumes and values in this report cover only the dry weight of usable cannabis plant, and exclude the value of downstream processing. While a significant portion of this marijuana production total is eventually sold through illicit channels, these volumes are included to avoid significant underreporting in the marijuana growing supplies market. This is particularly important for California – by far the country’s leading marijuana producer – which sees only about 20% of local production sold legally within the state. Excluded from this report is cannabis grown by unknown and unrecorded operations, marijuana grown illegally by individuals at home, and cannabis illegally imported into the US and sold on the black market.
Key macroeconomic indicators are also provided with quantified trends. Other various topics, including profiles of leading production states, are covered in this report. A full outline of report items by page is available in the Table of Contents.
Related NAICS Codes:
111998 All other miscellaneous crop farming
313110 Fiber, yarn, and thread mills
325311 Nitrogenous fertilizer manufacturing
325312 Phosphatic fertilizer manufacturing
325314 Fertilizer (mixing only) manufacturing
325320 Pesticide and other agricultural chemical manufacturing
325411 Medicinal and botanical mfg
325412 Pharmaceutical preparation mfg
333111 Farm machinery and equipment mfg
333413 Industrial and commercial fan and blower and air purification equipment mfg
335110 Electric lamp bulb and part mfg
335129 Other lighting equipment mfg
423820 Farm and garden machinery and equipment merchant wholesalers
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