Wednesday, July 9, 2025
Weed Deep Dive
  • Politics
  • Lifestyle
  • Business
  • Medical
  • Shop
No Result
View All Result
Weed Deep Dive
  • Politics
  • Lifestyle
  • Business
  • Medical
  • Shop
No Result
View All Result
Weed Deep Dive
No Result
View All Result

Marijuana Sales will Hit $37 Billion by 2027

Graham Cooper by Graham Cooper
December 20, 2023
in Business, Featured
136
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
Views: 1,658

With all of the very slow-moving marijuana legislation across the country, it’s easy to forget that the industry still has a huge potential yet to be fulfilled.

A new report titled “Cannabis Beats Booze” by the firm TD Cowen reminds us of the exciting years to come. Put under the context of what the marijuana industry will take from the alcohol industry, TD Cowen has projected $29 billion in sales this year for marijuana, which is just 11% of alcohol sales. However, this percentage keeps ticking up, from only 4% of the total alcohol sales 5 years ago. And this number is going to jump way higher by the end of this decade.

“As such, we believe that over the next 5 years, the cannabis category will add 18 million past-month consumers, while alcohol will lose 2 million past-month consumers, as consumers increasingly embrace cannabis and temper their alcohol consumption,” says the report.

With the rising marijuana consumption and declining alcohol consumption, weed sales will gain another 7% on alcohol. This will add up to $37 billion in sales by 2027.

Alcohol is slowly getting replaced by marijuana with young people as the awareness of negative health effects of alcohol continues to rise.

This is apparent in states where marijuana is legal, with the report stating that the number of drinks people consume “is lower in cannabis states, which we believe is partially attributable to the impact cannabis has had on alcohol consumption.”

This trend is already apparent in Canada, where marijuana has been legal since 2018. Cannabis sales are already at 20% of alcohol sales in the country.

Read the original story at Marijuana Moment.

Previous Post

Psilocybin Therapy coming to 10,000 New York Military Veterans

Next Post

Rhode Island Hits $100 Million In Cannabis Sales First Year

Graham Cooper

Graham Cooper

Related Posts

New Study Shows Cannabis Use Associated With ‘Significant Risk Of Cardiovascular Disease’

New Study Shows Cannabis Use Associated With ‘Significant Risk Of Cardiovascular Disease’

by Keegan MacDonald
July 2, 2025
0

A new analysis of global health data has found that cannabis use is associated with a significantly increased risk of...

Gluten Free? Try Using Hemp Ingredients The Next Time You Bake

Gluten Free? Try Using Hemp Ingredients The Next Time You Bake

by Keegan MacDonald
July 2, 2025
0

A groundbreaking study from the University of Calabria suggests that hemp seed flour and CBD-rich hemp oil may hold the...

Feds Lean Into Anti Impaired Cannabis Ads With National Holiday Around the Corner

Feds Lean Into Anti Impaired Cannabis Ads With National Holiday Around the Corner

by Keegan MacDonald
July 1, 2025
0

The National Highway Traffic Safety Administration (NHTSA) is rolling out a fresh approach to its public education efforts aimed at...

7 Out of Every 10 US Voters Support Major Federal Cannabis Reform According To New Surveys

7 Out of Every 10 US Voters Support Major Federal Cannabis Reform According To New Surveys

by Keegan MacDonald
June 26, 2025
0

A new national poll reveals that seven in 10 American voters support ending federal marijuana prohibition—and nearly half say they...

Next Post
Rhode Island Hits $100 Million In Cannabis Sales First Year

Rhode Island Hits $100 Million In Cannabis Sales First Year

Latest

New Study Shows Cannabis Use Associated With ‘Significant Risk Of Cardiovascular Disease’

New Study Shows Cannabis Use Associated With ‘Significant Risk Of Cardiovascular Disease’

July 2, 2025
Gluten Free? Try Using Hemp Ingredients The Next Time You Bake

Gluten Free? Try Using Hemp Ingredients The Next Time You Bake

July 2, 2025
Feds Lean Into Anti Impaired Cannabis Ads With National Holiday Around the Corner

Feds Lean Into Anti Impaired Cannabis Ads With National Holiday Around the Corner

July 1, 2025
ADVERTISEMENT
Sign up for the WDD Newsletter

Categories

  • Business
  • Featured
  • Lifestyle
  • Medical
  • Politics
  • Uncategorized

Recent Posts

  • New Study Shows Cannabis Use Associated With ‘Significant Risk Of Cardiovascular Disease’
  • Gluten Free? Try Using Hemp Ingredients The Next Time You Bake

Browse by Tag

cannabis covid marijuana ban ncaa

AFFILIATES

© Weed Deep DIve. All rights reserved.

No Result
View All Result
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop

© Weed Deep DIve. All rights reserved.