Cannabis To Outsell Chocolate In 2023

  • According to Fortune, retail cannabis sales will top $33.5 billion in 2023, outselling chocolate, eggs, and craft beer. Moreover, legal weed is one of the fastest-growing industries, with a $4 billion increase in sales from 2022. And by 2028, recreational and medical marijuana sales could top $57 billion.
  • Fortune reports that in 2022 legal marijuana added $90 billion to the American economy. And in 2023, experts expect that number to grow to just under $101 billion. By 2028, retail cannabis could inject as much as $170 billion into the domestic market. For reference, the market cap of the global chocolate industry in 2021 sat around $113 billion.
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