Cannabis Industry Set To Hit $32B In 2024, Says Economist, With Potential To Double In Coming Years
Beau Whitney, founder and chief economist at Whitney Economics, revealed that total retail sales for the cannabis industry are expected to reach approximately $32 billion in 2024, with the potential to double within the next few years.
At the recent Benzinga Cannabis Capital Conference in Chicago, Whitney presented a detailed report his consulting firm, in collaboration with CTrust and Green Check, prepared.
“We’re forecasting a 2024 total retail sales of right around $32 billion,” the economist said.
According to Whitney, the growth of the cannabis industry is contingent upon legal …