Consumer Spending on Cannabis in The U.S. 2020 #infographic

Consumer Spending on Cannabis in The U.S. 2020 #infographic

Moreover, Recent Frontier Data also reported that revenue from the illegal cannabis industry was estimated to have produced revenue of $70 billion in 2019. But in the same year, the U.S. legal medical and recreational cannabis industry stood at $13.6 billion, and is estimated to reach $29.7 billion in 2025. Overall, US overall cannabis demand in 2019 (both legal and black market sales) is valued at $83.6 billion. U.S. consumers each put a cannabis order every 8 seconds, according to Eaze.

Most U.S. consumers spend about $25-$50 on a ride to the marijuana shop according to Headset Inc. The average amount every US user spends on cannabis products within the same year is around $645 per year. About 48 percent of all cannabis users spend between $500 a year and $2,500 a year. But in 2019, based on New Frontier Data, US consumers have been reported to be spending $5.8 billion a month on marijuana products. That's around $206.5 m a day, or $1.45bn a week.

Consumer Spending on Cannabis in The U.S. 2020 #infographic

infographic by: www.weekendgardener.net

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