Introduction
Understanding the global landscape of cannabis consumption and sales is becoming increasingly important as its legality and acceptance spread worldwide. In this article, we will delve into the top five countries that lead in cannabis sales. With the increasing availability of legal cannabis markets, the global cannabis industry has seen unprecedented growth over recent years.
1. United States
Unsurprisingly, the United States leads the pack when it comes to cannabis sales, thanks largely to the legalization processes that have occurred in multiple states over the past decade. States like California, Colorado, and Washington have thriving legal cannabis markets, with California’s market being the largest in the world. According to Statista, the total U.S. legal cannabis sales is estimated to surpass $24 billion by the end of 2025.
2. Canada
Canada is the only G7 country to have fully legalized cannabis, making it the second country leading in cannabis sales. As of October 17, 2018, marijuana was legalized for both medicinal and recreational use. Canada’s legal cannabis industry has continually expanded, generating approximately $2.6 billion in total sales in 2020.
3. Germany
Germany is third on the list of countries leading the sales in cannabis, mainly due to its medicinal cannabis market. Even though the recreational use of marijuana remains illegal, medicinal use has been legal since 2017. With a population of 82 million people, the country’s marijuana market has grown rapidly, with total sales reaching approximately $230 million in 2019.
4. United Kingdom
The United Kingdom comes fourth in cannabis sales. Though recreational cannabis usage remains illegal in the UK, medical cannabis was legalized in 2018, opening up a new market. It has been projected that the UK’s legal cannabis market could be worth around $2.3 billion by 2024 if the legislation becomes more relaxed.
5. Australia
In fifth place, Australia is a relatively new player in the global cannabis market. Medicinal cannabis was legalized in 2016, and the country had generated over $56 million in legal cannabis sales by 2019. Furthermore, Australia is primed to be among the top leaders in cannabis cultivation and export in the coming years.
In conclusion, these top 5 countries that lead in cannabis sales are a reflection of changing global attitudes towards marijuana use. With the steady legalization and decriminalization occurring worldwide, the global cannabis market appears set for significant future growth.
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