Cannabis Market Forecast 2022 Update

With more markets coming online each year, the cannabis industry’s bullish rise is not expected to slow down any time soon. Global cannabis sales for 2022 will reach just over $35 billion, a jump of ~22% over 2021 sales of $29 billion, according to BDSA’s most recent 5-year rolling market forecast update. BDSA forecasts global cannabis sales will grow to $61 billion in 2026, a compound annual growth rate (CAGR) of more than 16%.