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.

Cannabis Industry 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 fro 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.


Elizabeth Morris
Elizabeth Morris Chief Operating Officer/Principal With over 20 years of experience working in operations for startup organizations across various industries, Elizabeth has a proven track record of building high-performing teams and a deep commitment to providing superior customer care, most recently in her role at Dynamic Alternative Finance. Her passion lies in helping to grow businesses and empower burgeoning entrepreneurs in emerging industries to accomplish their goals. Elizabeth brings her comprehensive understanding of operational tools and keen insight into the evolving business development needs of alternative industries to help empower the DAF team and elevate the client experience.