The total economic impact of the U.S. cannabis industry is expected to nearly double over the next six years, from $123 billion to $241 billion, according to new data released by MJBizDaily.
In 2025, the industry is projected to contribute $123.6 billion to the U.S. economy, with $35.3 billion coming from retail sales and the remaining $88.3 billion representing additional economic activity such as supply chain operations and job creation. By 2031, that total impact is forecasted to climb to $241.7 billion, including $69.1 billion in retail sales.
Each year shows steady growth, with the total impact increasing to $137.2 billion in 2026, $153.6 billion in 2027, and reaching $194.4 billion by 2029. The data indicates that retail sales are projected to grow in tandem, rising from $35.3 billion in 2025 to over $62 billion by 2030 before hitting $69.1 billion the following year.
The report also notes that while cannabis mergers and acquisitions have declined since peaking at $25.2 billion in 2021, capital raises in the sector increased by 23% in 2024. Still, the $2.3 billion raised last year remains well below the $4.3 billion in 2022 and the $12.6 billion in 2021.
These figures suggest a maturing but resilient market, with long-term economic contributions expected to play a growing role in state and national economies.
