With new markets coming online and existing markets trending upward, legal cannabis sales in the U.S. are projected to surpass $30 billion in 2022, according to an updated long-term forecast by Seattle-based marijuana analytics firm Headset.
This latest forecast includes impending recreational marijuana markets in New Mexico and Connecticut and a medical market in Alabama as each is set to begin retail sales at some point in 2022.
Though some of those markets will be open for business for only part of 2022, the total annualized first-year sales volume for the three will be near $300 million, according to Headset.
One unknown is the opening of the gargantuan recreational market in New York.
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