Cannabis industry profits image gettyThe recent Green Rush wave of recreational cannabis legalizations in multiple states, which include Connecticut and New York, has caused one prominent industry market researcher to revise its U.S. forecast for 2022 to $30 billion. This is a jump from the previous $28 billion estimate. Conversely, little has changed in Canada's market forecast, which is still estimated to rack up $4 billion by the end of this year. The report encompasses 13 Canadian provinces and territories and 36 U.S. states and jurisdictions with any level of legalization (recreational and medical). For Headset's new methodology, forecasts cover at least fifteen months and at most two years.

Source: Forbes July 15, 2021 17:15 UTC