12 Facts about Marijuana in the United States: An Overview

1. Cannabis consumption in the U.S.

In 2020, the adult-use cannabis market in the United States totaled 982 thousand kilograms. By 2025, the volume is anticipated to rise to over three million kilograms.

2. Nine in ten Americans favor marijuana legalization

91% of Americans believe marijuana should be available for medical and recreational usage (60%) or simply legal for medical usage (31%), according to an April 2021 survey by the Pew Research Center. The drug should not be made available, according to 8% of people.

3. Marijuana pays 10% more than the U.S. average.

The typical salary for a marijuana industry employee was $58,511 in 2018, whereas the median U.S. income was $52,863, according to Glassdoor statistics. That's a difference of 10.7 percent!

4. The marijuana industry is at a boom in the United States.

Marijuana is experiencing a tremendous increase in popularity throughout the United States. From the $52 billion in sales the business generated to the 76 percent jump in cannabis employment this year, there are plenty of statistics demonstrating marijuana's substantial impact on the U.S. economy.

5.The Marijuana Industry provides a large number of jobs to Americans

New Frontier Data, a cannabis market research, and data analysis firm, estimates that the U.S. cannabis industry employs around 250,000 people. This includes people who are directly involved in handling marijuana plants.

According to a recent study, the marijuana sector is expected to create at least 330,000 jobs by 2022 and more than the 268,000 workers in U.S. steel and iron mills.

6. The worth of the Marijuana Industry could soon be more than nine U.S. states' GDP!

The legal marijuana industry's economic effect in the United States was estimated to be between $20 billion and $23 billion in 2017 by Marijuana Business Factbook. By 2022, it expected the economic consequences to total $77 billion.

According to the Bureau of Economic Analysis, these figures are comparable to Idaho's and West Virginia's GDPs in 2018, both of which were slightly over $77 billion. And it's worth more than Delaware, Alaska, and both North and South Dakota combined.

7. California will have the highest market share by state

By 2025, California is expected to command 20% of the U.S. legal marijuana market, ahead of Colorado and Washington. Florida's market share is projected to reach 8% by 2025.

8. The forecasted marijuana sales are strong in newly legalized states

According to estimates, the recreational cannabis market in New York is expected to total $1.1 billion in sales in the first year and rise to $2.1 billion by the fourth year. According to forecasts, Virginia will develop into a billion-dollar market by its fourth year.

9. Oreos and organic produce are being outsold by legal-marijuana sales alone.

According to the Marijuana Business Factbook, legal marijuana sales totaled $6 billion in 2017, more than the combined sales of organic fruits ($4.8 billion) and Oreos ($700 million).
Marijuana demand is expected to be greater than $50 billion, more than the video game and doughnut industries combined.

10. In 2016, the marijuana business generated $35 million for a Colorado county.

According to the Denver Post, Colorado State University-Pueblo's research discovered that marijuana sales in Pueblo County had a total economic effect of $58 million in 2016. That year, the county received $35 million, thanks to added industry costs like law enforcement and social services.

11. The legalization of marijuana varies significantly by age and political affiliation.

As per the survey conducted in April 2021, older people are much less likely than younger people to support marijuana legalization for recreational and medicinal purposes. For example, among adults aged 75 and older, just 32% believe marijuana should be made available for recreational and medicinal use. This is the lowest proportion of any age group. In contrast, medical and recreational legalization is favored by seven-in-ten adults under the age of 30.

12. There has been a significant shift in public attitudes towards marijuana legalization in the last two decades.

The Center keeps a tab on how the Americans support legalizing marijuana in addition to inquiring about medical and recreational marijuana usage. Two-thirds of Americans favored marijuana legalization in 2019, up from just under a half in 2000 when the Center first asked the question.

Conclusion

These were some interesting and important facts about marijuana legalization and consumption in the United States. There is a growing trend of public opinion in favor of making the drug available for both medical and recreational purposes.
However, there is still significant opposition to full legalization, primarily due to concerns about public safety. With more states considering legalization in the near future, the marijuana industry is expected to boom, and so will its usage.
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