Global legal cannabis sales to hit $105 billion by 2026

After a tough year for cannabis in 2020, 2021 brought along a rebound in development towards legalisation, record-breaking sales of medical and adult-use cannabis as well as a massive influx of capital raises and M&A activity.

This report finds combined global sales of CBD, medical and adult-use cannabis topped US$37.4 billion in 2021, and could rise to US$105 billion by 2026

Overall, the industry is poised for a very exciting 2022, with the spread of legalisation being followed by strong industry growth. Benefits will be felt across justice, public health and the global economy.