The U.S. legal cannabis sales reached $17.5 billion in 2020 according to the Arcview/BDS report and experts estimate that 2021 sales passed $25 billion (about $18 billion of adult-use sales and $7 billion for medical sales) and by 2024 could be as high as $35 billion. Commercial cannabis extraction

Although the use of cannabis is illegal under the federal law and the federal government classifies cannabis as a schedule 1 drug, 76% of the U.S. states have legalized it in some form. Most states legalized it only for medical purposes, but 19 states – Alaska, Arizona (2020), California, Colorado, Connecticut (2021), Illinois (2019), Maine, Michigan (2018), Montana (2020), Nevada, New Jersey (2020), New Mexico (2021), New York (2021), Massachusetts, Oregon, South Dakota (2020), Vermont (2020), Virginia (2021) and Washington – have gone further, legalizing the recreational use.

As a result, 38 states, the District of Columbia, Puerto Rico, Guam, the Northern Mariana Islands, and the U.S. Virgin Islands have effective medical cannabis laws, and 19 states and the District of Columbia now allow cannabis for recreational use.

The total economic output from legal cannabis grew 150% from $16 billion in 2017 to almost $40 billion in 2020, according to the “US Legal Cannabis: Driving $40 Billion Economic Output” report released by Arcview Market Research, in partnership with BDS Analytics. Cannabis solventless extraction

he industry employed 211,000 people in 2018 and the number of full-time cannabis employees grew 17% to 247,300 in 2019. In 2021, 107,059 new jobs were created compared to 77,300 in 2020. As of 2021, there are 428,059 people employed in the cannabis industry, compared to 321,000 in 2020. If cannabis market continues its growth trend, the number of workers in that industry could reach about 500,000 in 2022.