These 8 States Sold $12.8 Billion of Adult-Use Cannabis in 2021

These 8 States Sold .8 Billion of Adult-Use Cannabis in 2021

<![CDATA[Far fewer states have launched commercial adult-use cannabis sales than medical cannabis sales, but those that have made the recreational jump are raking in the dough. In 2021, there were 11 states with fully operational adult-use retail programs, and those programs were responsible for more than half of all legal cannabis sales in the U.S. Overall, legal adult-use and medical cannabis sales combined for $24 billion in the U.S. last year, according to BDSA’s rolling market forecast from March. Specifically, eight of those states tracked adult-use sales figures separately from medical sales: Arizona, California, Colorado, Illinois, Maine, Massachusetts, Michigan and Oregon. That octet accounted for more than $12.8 billion in adult-use sales in 2021, according to data collected by Cannabis Business Times.SEE BELOW FOR STATE-BY-STATE SALES BREAKDOWNSWashington ($1.47 billion) and Nevada ($1.04 billion) did not separate adult-use and medical sales in their 2021 state databases. And a public records official from Alaska’s Department of Revenue told CBT that the state does not tax sales to end users and therefore does not keep records pertaining to those transactions.While Alaska had the smallest population among the 11 adult-use states with operational retail programs in 2021, it’s a state that has been becoming increasingly competitive with the most cannabis retail shops per capita (20 per 100,000 residents) in the western U.S., Alaska Public Media reported. However, Coloradans spent more money on adult-use cannabis at an estimated $429 on a per-capita basis for their 21-and-over population among the eight states that specifically tracked adult-use sales in 2021, according to data compiled by CBT. California, the world’s largest cannabis market with $5.2 billion in adult-use taxable sales in 2021, represented an estimated $180 in adult-use sales on a per-capita basis for its 21-and-over population. But California’s figures may appear inflated, as the state’s $5.2 billion…

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Source : These 8 States Sold .8 Billion of Adult-Use Cannabis in 2021

reposted by Cannabis News World

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