Top Cannabis Researcher Ups 2022 U.S. Forecast To $30 Billion Due To More Markets Legalizing

By Iris Dorbian

The recent Green Rush wave of recreational cannabis legalizations in multiple states, which include Connecticut and New York, has caused one prominent industry market researcher to revise its U.S. forecast for 2022 to $30 billion. This is a jump from the previous $28 billion estimate. Not only that, but according to a quarterly update report by Headset, a provider of data and analytics for the cannabis sector, U.S. market growth will not be slowing down anytime in the near future; in fact, a higher year-over-year growth rate is expected in 2020. Conversely, little has changed in Canada’s market forecast, which is still estimated to rack up $4 billion by the end of this year.

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