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California CANNABIS Market
In 2022, legal cannabis sales reached $5.3 billion, according to figures released by the California Department of Tax and Fee Administration, down 8.2% from $5.77 billion in 2021. Despite the drop, California still represents roughly 20% of the $26 billion industry.
The majority of cannabis sales in California come from the adult-use market, with medical sales representing a smaller portion of the market. Cannabis flower continues to be the most popular product category, followed by concentrates and edibles.
Combined U.S. medical and recreational cannabis sales could reach $33 billion by the end of 2022, largely driven by the opening of new adult-use markets.
Retail cannabis sales are projected to be upwards of $52.6 billion by 2026, according to analysis from the MJBiz Factbook.
It’s important to note that these projections are just estimates, and the actual sales figures could be different depending on a variety of factors, including changes in regulations, consumer behavior, and competition within the industry.
National CANNBIS Market
Global Crypto Market
In September 2021, the global cryptocurrency market was valued at around $2 trillion. The cryptocurrency market has grown significantly over the past several years, driven by increasing adoption of cryptocurrencies and blockchain technology.
The global market includes a wide variety of cryptocurrencies, such as Bitcoin, Ethereum, and Dogecoin, as well as newer cryptocurrencies that are constantly being introduced. The market is also made up of various exchanges, platforms, and service providers that enable users to buy, sell, trade, and store cryptocurrencies.