East Vs. West Coast Cannabis: Is Your State Is Winning The $25B Race?
While some U.S. states are seeing substantial growth in cannabis sales, driven by expanding markets and increased consumer demand, others are facing declines due to factors like strict local regulations, market saturation and high tax rates. The cannabis industry remains dynamic, with both new and established markets showing divergent trends across the country.
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Expanding Billion-Dollar Markets
In 2024, 11 states are expected to surpass $1 billion in cannabis sales, including Maryland, which will bring in $1.13 billion, up 43.8% from 2023. According to an extensive report from Cannabis Business Times, the U.S. cannabis …