Cannabis Industry Flourishing Despite COVID
Las Vegas (CNN Business)
When members of the cannabis industry descended upon Las Vegas last week for the biggest trade show in the business, something was stirring in the air. It wasn’t the aroma of a freshly lit joint. But instead, everything seems to be coming up roses for the businesses.
Despite a global pandemic, discombobulated supply chains, ballooning inflation, and an ongoing fight to legalize marijuana on a federal level, the cannabis industry in America is flourishing.
Sales hit $20 billion in 2020, are on pace to top $26 billion this year, and are projected to leapfrog to $45.9 billion in 2025, according to data from frohttps://www.cnn.com/2021/10/28/business/cannabis-booming-industry-mjbizcon/index.html m Marijuana Business Daily that were shared at the MJBizCon, the industry’s annual trade show. The nearly $46 billion in sales would make the cannabis business more significant than the craft beer business, said Chris Walsh, chief executive officer and president of MJBizDaily.