Medical and recreational cannabis markets continue to have a growing impact on the broader U.S. economy, but the state-level impact differs based on each market’s size, maturity and type.
And while highly populated states with bigger markets have a larger dollar amount of economic impact, some smaller, less-populated states are generating more impact per person.
The total U.S. economic impact from marijuana sales in 2023 is expected to reach $100 billion – up more than 12% from last year, according to analysis from the recently published MJBiz Factbook.
For California – by far the largest cannabis market in the U.S. by sales and population – the economic impact from marijuana sales can amount to $17.7 billion pumped into the state’s economy in 2023.
By contrast, marijuana’s contribution to sparsely populated recreational and medical markets is much less, but not insignificant.
Mississippi, which kicked off marijuana sales
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