BDSA Forecasts Global Legal Cannabis Sales to Hit $58 Billion in 2028
BDSA forecasts sales to grow at a compound annual growth rate (CAGR) of 10% from 2023 to 2028, resulting in a $58 billion market by 2028.
- BDSA forecasts sales to grow at a compound annual growth rate (CAGR) of 10% from 2023 to 2028, resulting in a $58 billion market by 2028.
- The growth of legal cannabis sales has been largely driven by U.S. markets, and particularly fueled by the adult-use channel.
- Globally, legal cannabis markets beyond the U.S. and Canada remain small, with BDSA estimating sales totaling just $2.4 billion in 2023.
- Total international cannabis sales are forecast to grow at a CAGR of 24% through 2028, reaching $7 billion.