Also known as marijuana, cannabis has a long history of human use. It dates back about 5000 years (and most probably even further back based on archaeological record). Cannabis consumption is legal in most American states, while it remains illegal in others. It can be ingested through the mouth, applied on the skin or smoked for medicinal and recreational purposes.
Being a rapidly growing industry, there is plenty of data, facts, insights, trends and statistics on cannabis usage, acceptance, legal points and market growth. Here are some of the key findings and statistics:
- 14 percent of all Americans use CBD and CBD-based products
- In 2019, the legal cannabis market sales in California were at $3.1billion, while the illegal market sales reached about $8.7 billion.
- Less than 46 percent of American adults say that they have ever used marijuana at one time or another.
- In 2017, the legal cannabis market had contributed over $80 million to the local economy, majorly through taxes.
- In 2005, 242200 emergency cases in the US resulted from marijuana use.
- The marijuana industry worth is expected to hit $82.5 billion by 2025
- In 2020, a lot of new jobs will be created as a result of marijuana legalization
- Males are more likely (10.6 percent) to use cannabis than females (6.2 percent)
14 Percent of Americans Use CBD Products
Whether you are a top CBD fan or a skeptic, you are aware of the massive CBD traction in the health and wellness industry. However, it is important to note that marijuana and CBD users are two different consumer groups. According to a report by Flow hub from Gallup 2019 poll, approximately 14 percent of all Americans use CBD. This is slightly lower compared to the 13 percent in 2016. Suffice to say, the number of active marijuana users nearly doubled from 2013 through 2016. CBD products can range from edibles, oils and mints, to name a few, all of which are shown to enhance health and general wellness. According to the study, peoples mostly use CBD derived products for the following reasons:
- Headaches/migraines- 5 percent
- Arthritis- 8 percent
- Insomnia- 11 percent
- Anxiety- 20 percent
- Pain- 40 percent
2019 Illegal Cannabis Sales in California Reached $8.7 Billion
In the California, the sales of illicit cannabis in the market hit the $8.7 billion mark, while the legal cannabis sales followed at $3.1 billion. All the same, there are high anticipations that the legal market will catch up with the illicit one and surpass it by 2024. The sales are expected to reach $7.2 billion for the legal market, while the illegal one will follow at $6.4 billion.
Below 46% of USA Adults Have Ever Tried Marijuana
According to Statista, reports from the 2019 national survey and health have it that less than 46 percent of American adults have tried using cannabis at one time in their life. This is much lower compared to 80 and 61 percent of adults who have tried alcohol and tobacco, respectively. The same study reports that while most Americans admit to having used marijuana at one time or the other, only a few of them are active users.
2017 Legal Sales Contributed $80 million to Local Economy
According to report published by Investopedia, a research from Colorado State University- Pueblo’s Institute of Cannabis Research indicated that contribution from cannabis sales was majorly through taxes, among other fees. Further reports from New Frontier Data (a cannabis analytics company) indicate that full legalization of marijuana on federal levels would bring exceptional benefit to the economy. According to Global News Wire, it is expected that by the year 2025, combined legal and illicit cannabis market sales will reach and surpass 35 percent.
In 2005, 242200 Emergency Cases US Involved Marijuana Use
According to Drug-Free World, most people arrested for various crime activities test positive for cannabis, as recorded by US Drug Enforcement Administration. As a matter of fact, 40 percent of adult males were active marijuana users by the time of their arrest. Besides, marijuana is the second most frequent drug substance after alcohol found on drivers involved in serious road accidents.
Marijuana Industry Worth Will Reach $82.5 billion by 2025
Data from Atheneum Collective shows that cannabis industry is rapidly growing across the country and will hit $73.6 billion mark in market value by 2027. With more states following the trend of legalizing it, cannabis is here to stay. It has an above-average thrive compared to other products and industries introduced in the US market. The marijuana industry has a revenue share of 62.9 percent, which is bound to keep increasing with the day.
More Jobs Will Be Created from Marijuana Legalization
According to American Marijuana organization, Americans will earn more than $23 Billion by 2025. There will be more than 200000 jobs for American adults in various departments and sectors of the ever-growing industry. Further studies by Giadha Aguirre (Founder and director of New Frontier Data), reveal that cannabis is a great job creation engine and an economic drive in America. True to that, more states have legalized the sale and use of marijuana, ultimately creating more jobs and limitless entrepreneurial opportunities.
Males are More Likely to Use Cannabis Than Females
Men are almost twice more likely (10.6 percent) to use marijuana compared to women (6.2 percent). Males are also reported to consume higher quantities, mainly joints, concentrates and vaporizers, while women mostly use pipes and oral administration. Men reported more hallucinations, increased appetite and memory, improper perception of time, and immense enthusiasm than women. They are also more affected by withdrawal symptoms, reporting more cases of vivid dreams and insomnia. On the other hand, more women experience nausea and anxiety during their withdrawal period.
Of all ethnic groups in the United States, black Americans consume marijuana and marijuana-based products at the highest rates (10.7). They are then closely followed by whites ( 8.4 percent) then Hispanics (7.2 percent). Suffice to say, consumption is more rampant among low-earning Americans and the uneducated population.